The Annual Study

A Data-Driven Approach to Advancing Women

“For more than 20 years, I’ve had the privilege of following OnBoard’s remarkably detailed Study of women on Georgia’s public boards. The dramatic rise of women across every measure can be attributed to OnBoard’s annual tracking.” – Maria Saporta, Atlanta business journalist

In 1993, OnBoard’s founders had the foresight to conceptualize and publish a study measuring the status of women directors in Georgia public companies. The Annual Study now provides 31 years of case studies on women’s representation in the corporate landscape. By measuring and publicizing key demographic trends in executive leadership, OnBoard demonstrates a compelling theory of change and influences tangible progress. 

All data is derived from Form 10-K, 8-K, or proxy filings with the Securities and Exchange Commission.

Read the 2023 Annual Study

2023 Study Highlights: The Future Lies in the Pipeline

  • For the first time, women occupy a quarter of the seats at boardroom tables of Georgia public companies.

Gender ratio of directors across 117 Georgia public companies

  • Three companies – The Coca-Cola Company, First Advantage Corporation, and Intercontinental Exchange – have achieved gender parity on their corporate boards. In the graphs below, grey sections represent seats occupied by men, dark green sections represent women directors, and light green represent Women directors of Color.
The Coca-Cola Company (14 total seats)
First Advantage Corporation (8 total seats)
Intercontinental Exchange (10 total seats)
Typical Georgia Public Company (8 total seats)
  • The number of Power of 3 companies – those with three or more women on their boards – has increased each of the last five years, reaching a record 45 in 2023.

Summary of "Power of 3" Companies

  • Board seats occupied by Women of Color have climbed to an all-time high of 62, just over 6%. Still, this means only one in every 16 directors is a Woman of Color. Learn how OnBoard drives progress for Women of Color through our Racial Equity Initiative.

Board Seats Occupied by Women of Color

  • Only a third of open seats were filled by women directors in the 12 months covered by the Study. Until more than 50% of board seats are filled by women, men will continue to hold the majority.

Percentage of Open Board Seats Filled by Women

  • The future lies in the pipeline of women directors. OnBoard influences higher fill rates for board seats by empowering women for board service throughout their career lifecycles. Learn about our Career Lifecycle Initiatives
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