Only 18% of the trucking industry's governing boards are women and Morgan Stanley just highlighted it as a potential industry risk
where women are now required to comprise 40% of corporate boards, researchers have found that women on corporate boards are "more likely than their male counterparts to probe deeply into the issues at hand." suggests that investors shy away from companies that appoint more women to their corporate boards, because they view such hires as a sign that the company is not dedicated to maximizing shareholder value.
Here are the trucking companies Morgan Stanley covers, what percent of their boards were women in 2018, and what the companies say about the gender breakdown Schneider National — 20% women . "Our history has taught us that treating everyone with dignity and embracing diversity of thought, experience and background is vital to our ongoing success," a Schneider representative told Business Insider. "We are passionate about continuous improvement in all areas of our business, and we will continue to advance diversity in leadership roles throughout the company.
Knight-Swift Transportation Holdings — 25% women, as of 2020 . A Knight-Swift representative had no comment beyond providing updated numbers. Heartland Express — 28.6% women . "Those two individuals on our board are outstanding — and they just happen to be female," CEO Michael Gerdin told Business Insider. "We're happy to have them both on our board."U.S. Xpress — 12.5% women . "We're actively searching to fill more board seats, and diversity is one of the criteria we're using to evaluate options," chief brand officer Danna Bailey told Business Insider. ArcBest Corp. — 33.3% women .
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