|RESOLUTION AS INTRODUCED||2007-2008|
By Senators Shumlin, Ayer, Campbell, Hartwell, Illuzzi, Lyons, Nitka, Snelling and White,
S.R. 12. Senate resolution relating to the lack of compensated women on Vermont corporate boards.
Whereas, corporations play a fundamental role in the commercial life of Vermont, and
Whereas, boards of directors are the governing mechanism for many and nearly all large corporations, and
Whereas, in order for corporate boards to reflect the diverse social and economic perspectives in Vermont, it is important that they have equitable representation of women, and
Whereas, it is only in recent years that a greater percentage of Vermont’s corporate board membership has been comprised of women although, at 33 percent, the percentage still does not reflect the actual presence of women in the state’s population, and
Whereas, those women members who are fortunate enough to sit on a Vermont-based corporate board work as vigorously and conscientiously as their male counterparts, and
Whereas, nevertheless, according to Vermont Business Magazine’s 2006–2007 Book of Lists, women serving on Vermont corporate boards were more likely to serve on boards that do not compensate their members, and
Whereas, in percentage terms, women constituted 37 percent of the unpaid board membership while they equaled only 24 percent of the paid board members accounted for in the survey, now therefore be it
Resolved by the Senate:
That the Senate of the State of Vermont urges all Vermont corporations to recruit more women to serve on their boards of directors and especially those corporations whose boards compensate their members, and be it further
Resolved: That the Secretary of the Senate be directed to send a copy of this resolution to the Vermont Chamber of Commerce, to Vermont Businesses for Social Responsibility, and to the Vermont Business Roundtable.