Cooper Tire & Rubber Company has been named a Winning ‘W’ Company by 2020 Women on Boards for having at least 20% females on its corporate board prior to the year 2020, with 30% female board representation.
Winning ‘W’ Companies are cited in the 2020 Women on Boards (2020WOB) annual Gender Diversity Index, which tracks the number of corporate board seats held by women among the Russell 3000 Index. As of 2018, the percentage of board seats held by women rose to 17.7%, up from 16.0% in 2017. Still, half of the Russell 3000 companies have one or no women on their boards.
“We are proud to earn this recognition from 2020 Women on Boards. Diversity in the boardroom is good business. Different backgrounds and perspectives bring about healthy debate on strategic opportunities and lead our company to be more reflective of our customers, consumers, employees, investors and the world at large,” said Cooper president and chief executive officer, Brad Hughes.
Commented Betsy Berkhemer-Credaire, chief executive officer of 2020 Women on Boards, “We applaud Cooper for engaging the diverse opinions and perspectives of both genders on its board. Studies have shown that the varied perspectives of women are uniquely valuable to corporations and the challenges they face today.”