Facebook Becomes a 2020 Women on Boards Winning "W" Company

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Facebook's board has gone from an all white, male club to a 2020 Women on Boards' Winning "W" Company with the announcement that Dr. Susan Desmond-Hellman joined its board of directors.

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We spoke. They listened. Facebook's board has gone from an all white, male club to a 2020 Women on Boards' Winning "W" Company with the announcement that Dr. Susan Desmond-Hellman joined its board of directors.

Last February, when the company announced its IPO, the 2020 Women on Boards campaign led the charge and encouraged thousands of supporters to tell Facebook to change the composition of its board. With over half of all Facebook's users women, it seemed like the right thing to do. The company responded with the appointment of Sheryl Sandberg on June 27.

"This is a validation of our model," said Malli Gero, Co-founder and Executive Director of 2020 Women on Boards, a national grassroots campaign to increase the percentage of women on US company boards to 20% by 2020. "When stakeholders speak out, companies listen -- and there were some very vocal stakeholders speaking out about the Facebook board."

The 2020 Women on Boards campaign was founded in December 2010. The campaign's grass roots outreach, engaging a groundswell of supporters to move companies to a tipping point for change, is beginning to have an impact. In December the organization published its second annual Gender Diversity Index of Fortune 1000 companies, with women now holding 15.6 percent of the board seats in the Fortune 1000, a one percentage point gain from the year before.

About 2020 Women on Boards: 2020 Women on Boards is a national campaign to increase the percentage of women directors on U.S. company boards to 20 percent or greater by 2020. Campaign supporters include individuals, organizations and companies that embrace the principle that diversity in the boardroom encourages good corporate decision-making. For more information, or to register your support, visit http://www.2020WOB.com

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