Tri-counties rank high on women in business leadership
Three tri-county firms are among the top 25 publicly traded companies in California with the highest percentage of women leaders.
Westlake Village-based LTC Properties, Goleta-based Deckers Outdoor Corp. and Move Inc., whose headquarters are in the Bay Area but has most of its employees in Westlake Village, were on a yearly ranking produced by UC Davis. Each year, the school surveys publicly traded companies in the state to find which have the most women among their boards of directors and highest paid executives.
Among the 400 publicly traded firms that UCD studied, the average portion of board seats and executive positions held by women is 10.9 percent. In contrast, all of the top 25 had women in 25 percent or more of those positions, with an average of 31 percent women in leaderships roles.
The study found that the companies on its top 25 list “generate three times the revenue, report almost one and one-half times the income and maintain a workforce three times as large as the average company in our study,” according to the report.
Here’s how tri-county firms ranked:
•LTC Properties ranked No. 7, with four women holding 36.4 percent of leadership roles.
•Deckers Outdoor Corp. ranked at No. 16, with four women holding 28.6 percent of leadership roles.
•Move Inc. ranked No. 22, with three women in 25 percent of leadership roles.
Sen. Hannah Beth Jackson, who earlier this year proposed and got passed a resolution encouraging publicly traded companies to add more women to their boards and leadership ranks, applauded the report.
“California is an economic powerhouse, and we have an opportunity to take the lead on this,” Jackson said in a statement. “Studies consistently show that having women serve in the board room and in top leadership positions is not only good for women, it’s good for business and the economy.”
To read the full study, click here.
