AZBigMedia
National homebuilder and developer Taylor Morrison Home Corporation announced the appointment of veteran New York Times executive Denise Warren and former Banana Republic Global President Andrea (Andi) Owen to its board of directors, creating the first majority female board among public homebuilders.
Together with the board’s two existing female directors—longtime homebuilding executive Anne Mariucci and Chairman and CEO Sheryl Palmer—the appointment of Warren and Owen brings Scottsdale-based Taylor Morrison’s current board makeup to a 4:3 female-to-male ratio, a figure only shared by a handful of U.S publicly traded companies. Among the nearly 4,800 companies listed on the NYSE and Nasdaq, fewer than one percent (0.4 percent) have majority-female boards, while approximately 14 percent have only one female director and 29 percent have zero. What’s more, recent studies show that companies with a higher representation of female board directors attained significantly higher financial performance, on average, than those with the lowest representation.
