After seeing little or no change in the representation of women in corporate boardrooms, Catalyst set up its first U.S. Women on Board initiative in the spring of 2016. Catalyst will announce a second U.S. Women on Board class in the spring of 2018.
The two-year program pairs CEO/board chairs, who serve as mentors and sponsors, with CEO-endorse board candidates.
Among the 2016 matches was Women of Color Career Achievement in Industry Award winner Stephanie C. Hill
Hill, who recently assumed the post of Senior Vice President of Corporate Strategy & Business Development at Lockheed Martin, was paired with Douglas R. Conant, chairman, Kellogg Executive Leadership Institute.
Currently, Hill serves as chair of the Greater Baltimore Committee, an organization of business and civic leaders designed to mobilize the commercial, industrial and professional leadership of Baltimore City and the five surrounding counties, Anne Arundel, Baltimore, Carroll, Harford and Howard counties.
Hill sits on the Board of Directors for Project Lead the Way, a leading provider of K-12 science, technology, engineering and mathematics (STEM) programs, and serves on the Board of Visitors for the University of Maryland, Baltimore County.
She is also a member of the Board of Directors of S&P Global, a leading provider of independent ratings, benchmarks, analytics and data to capital and commodity markets worldwide.
Although the S&P 500 companies often are cited to have 21 percent female representation, the boards of all U.S. public companies, with 6,517 female directors out of the total 55,037 corporate directors, average 12 percent female representation.
In December 2017, Director Search announced that European public companies lead the world with respect to female representation on their corporate boards.
At a level of 18% female board member representation, European public companies are 50% above the global average of 12% female board members.
While 945 (94.5%) of the Fortune 1,000 companies have at least one female board member, 4,708 (64%) of the remaining 7,341 U.S. public corporations do not have a single woman on its board of directors.
The Catalyst Women on Board initiative promotes the appointment of women to corporate boards by engaging CEOs and board chairs who are committed to improving board diversity, to mentor and sponsor CEO-endorses women board candidates. Recent participants in Canada, where the program was launched in 2007, have joined boards across various industries including oil & gas, insurance, utilities, diversified financial, commercial services and supplies, metals and mining.
In the fall of 2012, Hill was honored for "career achievement in industry" during the 17th annual Women of Color STEM conference. She was among 37 Lockheed Martin employees recognized during the forum, which celebrates the significant achievements of women of color in scientific and technical careers.
As Information Systems & Global Solutions-Civil President, Hill led 10,000 employees responsible for information technology systems and services in areas such as information and cyber security, finance, transportation, citizen protection, energy, healthcare, and space exploration. The business serves various non-defense U.S. government agencies, international governments and regulated commercial industries.
Hill joined Lockheed Martin in 1987 as a software engineer and assumed positions of increasing responsibility. She previously served as vice president of Corporate Internal Audit and vice president and general manager of the Electronic Systems-Mission Systems & Sensors, Baltimore site, with a diverse portfolio including Army and Navy launching systems, Coast Guard air and surface systems, Army persistent threat detection systems, laser and sensor systems and ship automation.