It’s no surprise that Houston is a good ol’ boys city. One more thing to prove it:
Houston straggling on female board representation
— Houston Business Journal
Houston companies still lag behind their national peers in appointing females to their board of directors, according to a report.
Only 40 percent of Houston’s top 100 companies have female director representation, compared to 91 percent of the boards at the S&amp;P 500 companies, according to the report compiled by the Houston office of executive search firm Spencer Stuart.
Although there was one more woman on the boards of companies surveyed now versus 2006 — bringing the total to 51 — the percentage declined from 43 percent in 2006 due to a different mix of companies used for the survey.
One other thing worth noting, also found through the survey:
Over the past 12 months, three more Houston-area companies instituted
mandatory retirement ages for directors, ranging in age from 62 to 75.
Fifteen of the 26 companies have director retirement ages of 70 or 72.