Worcester Business Journal

wbjournal.com | February 17, 2020 | Worcester Business Journal 9 W O M E N I N L E A D E R S H I P F O C U S Starting in 2018, WBJ examined the gender breakdown of the boards of directors and executive teams of 75 prominent Central Massachusetts business organizations, finding the region lagged behind state and national averages. Last year, the findings improved slightly, while they dipped this year. The Central Massachusetts Boardroom Gap, by company *Female-led Notes: Data is for most recent year available in the filings. For the YMCA of Central Massachusetts, Kathryn Hunter retired in 2019 and was replaced by David Connell. Executives who also serve on boards of directors are counted twice. For public companies, those listed are named executives in annual reports. For private corporations, those listed are named on their filings with the Massachusetts Secretary of the Commonwealth, where they must include the % point 2018 2019 2020 change Public companies 32 135 20 124 20% Private corporations 10 65 5 52 13% Financial institutions 24 119 37 115 26% Healthcare organizations 33 112 32 79 34% Colleges 107 315 49 115 36% Social service nonprofits 125 251 64 96 54% Total 331 997 207 581 34% Female board Total board Female Total Percent members members executives executives female leaders COLOR LEGEND: % point 2018 2019 2020 change president, treasurer, secretary and at least one director. Companies without local headquarters are not included. Sources: U.S. Securities & Exchange Commission filings, company websites, Commonwealth of Massachusetts, U.S. Internal Revenue Service 990 forms through guidestar.org. Saint Vincent Hospital*, Worcester 33% 32% 33% 1 Fidelity Bank, Leominster 41% 35% 33% -2 Milford Medical Center, Milford 48% 46% 35% -9 TJX Cos., Framingham/Marlborough 29% 38% 35% -3 Worcester Polytechnic Institute*, Worcester 36% 37% 36% -1 Nichols College*, Dudley 34% 33% 36% 3 New England Center for Children, Southborough 52% 50% 36% -14 United Way of Central Massachusetts, Worcester 37% 41% 36% -5 Anna Maria College*, Paxton 48% 47% 37% -10 Digital Federal Credit Union, Marlborough 38% 33% 38% 5 United Way of North Central Massachusetts, Fitchburg 38% 50% 41% -9 Fallon Health, Worcester 32% 40% 43% 3 Open Sky Community Services, Worcester 38% 50% 43% -7 YMCA of Central Massachusetts, Worcester 32% 29% 43% 14 Heywood Hospital, Gardner 41% 33% 44% 11 Main Street Bank, Marlborough 39% 33% 44% 11 Mount Wachusett Community College, Gardner 53% 48% 44% -4 Becker College*, Worcester 43% 41% 45% 4 Insulet*, Acton N/A 39% 47% 8 MetroWest Medical Center, Framingham 18% 38% 50% 12 Table Talk Pies, Worcester 40% 50% 50% 0 Boys and Girls Club of MetroWest, Marlborough 50% 44% 53% 9 Framingham State University, Framingham 41% 47% 53% 6 Worcester State University, Worcester 65% 58% 53% -5 Seven Hills Foundation, Worcester 36% 38% 53% 15 Worcester Art Museum, Worcester 44% 45% 53% 8 Hanover Theatre, Worcester 55% 64% 55% -9 Fitchburg State University, Fitchburg 60% 56% 59% 3 Quinsigamond Community College, Worcester 71% 65% 65% 0 Venture Community Services, Sturbridge 64% 63% 67% 4 Boys and Girls Club of Worcester* 54% 64% 68% 4 YWCA of Central Massachusetts*, Worcester 98% 98% 98% 0 TOTAL: 33% 35% 34% -1 Psychemedics, Acton 0% 0% 0% 0 SeaChange International, Acton 10% 10% 0% -10 MathWorks, Natick 25% 25% 0% -25 FLEXcon, Spencer 33% 50% 0% -50 L.S. Starret Co., Athol 0% 0% 0% 0 AA Transportation, Shrewsbury 0% 0% 0% 0 Consigli Construction, Milford 0% 0% 0% 0 IPG Photonics, Oxford 7% 6% 6% 0 Solect Energy, Hopkinton 0% 0% 7% 7 Virtusa Corp., Westborough 0% 0% 8% 8 Polar Beverages, Worcester 17% 17% 8% -9 Sunovion Pharmaceuticals, Marlborough 0% 8% 8% 0 Ameresco, Framingham 14% 14% 8% -6 Cornerstone Bank, Southbridge 10% 14% 11% -3 MutualOne Bank, Framingham 6% 6% 11% 5 ReWalk Robotics, Marlborough 9% 8% 13% 5 Reliant Medical Group, Worcester 28% 26% 13% -13 Webster Five Savings Bank, Webster 14% 14% 13% -1 Harrington Health Care System, Southbridge 13% 13% 14% 1 AMSC, Devens 13% 0% 14% 14 Oxford Immunotec, Marlborough 14% 13% 15% 2 Cognex, Worcester 0% 17% 18% 1 Boston Scientific, Marlborough 20% 19% 19% 0 Avidia Bank, Hudson 18% 17% 19% 2 BJ's Wholesale Club, Westborough 43% 6% 20% 14 Cumberland Farms, Westborough 20% 20% 20% 0 Biostage, Holliston 0% 10% 21% 11 Staples, Framingham 29% 29% 22% -7 Assumption College, Worcester 26% 27% 23% -4 Cummings School of Veterinary Medicine, Grafton 38% 36% 23% -13 Bose Corp., Framingham 9% 15% 23% 8 UniBank, Whitinsville 30% 24% 25% 1 College of the Holy Cross, Worcester 33% 31% 26% -5 Dean College*, Franklin N/A 31% 28% -3 Hanover Insurance Group, Worcester 24% 20% 29% 9 Hologic, Marlborough 29% 36% 29% -7 eClinicalWorks, Framingham 33% 33% 29% -4 UMass Medical School, Worcester 32% 34% 29% -5 UMass Memorial Health Care, Worcester 29% 30% 30% 0 Waters Corp., Milford 14% 27% 32% 5 Workers Credit Union, Fitchburg 33% 32% 32% 0 Middlesex Savings Bank, Natick 30% 31% 32% 1 Clark University, Worcester 34% 40% 33% -7

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