Betsy Berkhemer-Credaire has long noticed a problem: There are no women on the boards of one-fourth of all the companies on the Russell 3000 index, which monitors the largest publicly traded companies in the U.S.
It is an issue her organization and others are trying to address. Now a new California law could help create more diversity at the highest levels of corporate America, including some of the country's largest commercial real estate companies.
“Traditionally, especially in the real estate business, corporate boards wanted chief executive officers on their boards, and many women have not been CEOs until recently,” said Berkhemer-Credaire, who is CEO of 2020 Women on Boards, an advocacy group that wants corporate boards on the Russell 3000 made up of 20% women by 2020.
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