MADISON, Wis. – Women on Boards, the premier global education and advocacy campaign committed to increasing the number of women on corporate boards, has honored CUNA Mutual Group as a “W” for “Winning” company because its corporate board had at least 20% women directors during 2019.
CUNA Mutual Group has four women directors out of 10 total members, which means women hold 40% of its corporate board seats—double that of the benchmark. 2020 Women on Boards annually tracks, analyzes and reports on the progress of numbers of women on Russell 3000 and other private company boards. As a campaign dedicated to education and collaboration, 2020WOB recognizes companies, including CUNA Mutual Group, that exhibit good corporate governance. A “Winning” company is identified as having achieved the goal of at least 20% of its board seats held by women.
In 2019, the Russell 3000 reached the historic national landmark of 20.4% women holding corporate board positions, up from 17.7% in 2018, per the Gender Diversity Index report that 2020 Women on Boards publishes annually.
“We know that diversity of voice and representation makes our business stronger, and we are thankful for the insights, perspectives and leadership our women directors bring every day,” said Linda Nedelcoff, CUNA Mutual Group executive vice president and chief strategy and human resources officer. “We are intentional in our efforts to ensure our business and the consumers we serve are reflected in our governance, and we are beyond honored to receive this recognition.”
“It’s even more critical now, at a time when the business world is transforming a total shift in board governance practices, that we recognize leading companies including CUNA Mutual Group that appreciate having business-savvy women on their boards as a competitive advantage,” said Betsy Berkhemer-Credaire, CEO of 2020 Women on Boards. “Even with the positive national momentum, U.S. companies are still a long way from gender balance in the boardroom. And CUNA Mutual Group is showing the way.”