GCP Applied Technologies Inc. (NYSE:GCP) has been named a Winning ‘W’ Company by 2020 Women on Boards for achieving at least 20% women on its board of directors before the year 2020. GCP’s board of directors includes three women, representing 30% of the Company’s ten board seats.
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. Though the percentage of board seats held by women is increasing, half of the companies in the Russell 3000 Index have one or no women on their boards.
Gregory E. Poling, GCP’s chief executive officer, said, “GCP is proud to be recognized for the second year in a row for the gender diversity of our board of directors. We are committed to diversity and inclusion, which at our company starts at the top, and believe that an organization’s success is based on encouraging contributions from a workforce with a variety of perspectives.”
"We applaud GCP’s board of directors for including diverse opinions and perspectives," said Betsy Berkhemer-Credaire, CEO of 2020 Women on Boards. "Studies have shown that varied perspectives are uniquely valuable to corporations as they navigate the challenges they face today.”