Worcester Business Journal

wbjournal.com | February 18, 2019 | Worcester Business Journal 17 Coming Summer 2019 A new and improved YWCA! WORCESTER – FITCHBURG BUILDING and CONSTRUCTION TRADES COUNCIL YWCA Central Massachusetts' $24 million renovation project is making great progress. We are grateful to our donors for their generous support. YWCA Central Massachusetts is partnering with the Worcester Community-Labor Coalition, the New England Regional Council of Carpenters, and the Worcester-Fitchburg Building and Construction Trades Council to launch Worcester's first Community Benefits Agreement on February 22, 2019. The renovation will employ responsible union contractors, and prioritize the hiring of Worcester residents, women and people of color. Learn more about our campaign at ywcacmlive.org Join us for professional development workshops, networking, and shopping. Featuring Keynote Speaker: Mary Carlomagno A nationally renowned clutter control expert, Mary loves sharing her messages of simplicity and organization. She has been a guest on The Oprah Winfrey Show, and is the author of four books. Visit orderperiod.com for more info. *$10 for all students KEYNOTE TOPIC: Organizing Your Way To Happiness EWIB@nichols.edu | 508.213.2443 | Fewibc | ™ @nc_ewib | t @nc_ewib REGISTER NOW! SEATS ARE LIMITED www.empowering-women.biz We invite you to our 9th annual Thursday, April 4, 2019 12:45 pm - 6:00 pm Center Road Dudley, MA #EWIB2019 R E F R E S H M E N T S I N C L U D E D 25 $ 25 $ EARLY BIRD T O A T T E N D IF PURCHASED BY FEB. 28 * W O M E N I N L E A D E R S H I P F O C U S Men overwhelming hold the most lucrative Central Mass. board positions. Of the 10 public companies and non- profits in Central Massachusetts with the worst gender ratio, compensation for board directors starts at a median of $96,000. Nearly every board where women make up the greatest share are unpaid, volunteer positions. Narrowing the pay gap Central Massachusetts is not alone in having a significant gender pay gap. U.S. Census reported last year among men and women working full-time, year-round, women made a median of 81 cents for every dollar a man earned. at totaled more than $10,000 a year. For those who see gender bias at play in the wage gap, new state legislation may begin to change that. Last July, a new Massachusetts law went into effect banning interviewers from asking prospective employees about their pay history. In an encouragement of better pay transparency, employees cannot be penalized for discussing com- pensation with their colleagues. e Mass. Office of the State Treasurer held salary negotiation training through- out last year for women at each of the state's community colleges, aiming to help overcome wage inequality. Hologic CEO Stephen MacMillan is the highest-paid Central Massachusetts executive, with $42 million in compensation in fiscal 2018. Of the 63 Central Massachusetts public companies and nonprofits WBJ examined for The Boardroom Gap in 2019, these 10 had the highest percentage of women on their boards of directors. This is the pay those directors receive. Compensation at the most female-inclusive boards Entity Number of women Total board members Compensation YWCA of Central Massachusetts, Worcester 30 30 Unpaid Venture Community Services, Sturbridge 6 9 Unpaid Worcester State University 7 11 Unpaid Quinsigamond Community College, Worcester 7 11 Unpaid Mount Wachusett Community College, Gardner 7 11 Unpaid Fitchburg State University 6 10 Unpaid Hanover Theatre, Worcester 13 23 Unpaid Boys & Girls Club of Worcester 10 19 Unpaid Open Sky Community Services, Worcester 8 16 Unpaid Insulet Corp., Acton 4 8 $220,727 Sources: Respective companies, U.S. Securities & Exchange Commission Number of Total number Minimum Company female directors of directors director pay Psychemedics Corp., Acton 0 5 $107,440 AMSC, Ayer 0 5 $85,910 L.S. Starrett Co., Athol 0 7 $56,450 Virtusa, Westborough 0 8 $192,473 Oxford Immunotec, Marlborough 1 10 $85,216 SeaChange International, Acton 1 6 $150,000 Biostage, Holliston 1 7 $43,346 Cognex, Natick 1 8 $430,373 Ameresco, Framingham 1 8 $68,475 IPG Photonics, Oxford 1 9 $313,618 Note: Compensation is only for non-employee directors. Directors who didn't serve for full year are not included. BJ's Wholesale Club has not filed a 14A proxy statement since becoming publicly traded in June. Source: U.S. Securities & Exchange Commission Of the 63 Central Massachusetts public companies and nonprofits WBJ examined for The Boardroom Gap in 2019, these 10 had the lowest percentage of women on their boards of directors. This is the pay those directors receive. Compensation at the least female-inclusive boards W

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