STORE Capital Honored by 2020 Women on Boards: 20% or More Corporate Board Seats Held by Women
2020 Women on Boards, a national campaign dedicated to increasing the percentage of women on corporate boards to 20% by 2020, honored STORE Capital Corporation as a Winning ‘W’ Company for meeting the standard of having at least 20% women on its corporate board. STORE Capital’s Board of Directors includes Mary Fedewa, STORE’s Chief Operating Officer and Director, and Catherine Rice, Director.
Ms. Fedewa is a co-founder of STORE Capital, and was appointed as a Director in August 2016. Ms. Rice joined the Board in October 2017, and previously held executive positions with several major real estate investment companies.
Winning ‘W’ Companies are cited in the 2020 Women on Boards annual Gender Diversity Index which tracks corporate board seats held by women among the Russell 3000 Index, a capitalization-weighted stock market index that measures the performance of 3,000 of the largest publicly-held companies that represent approximately 98% of the US public equity market.
“We applaud STORE Capital for engaging the diverse opinions and perspectives of both genders on its board,” said Betsy Berkhemer-Credaire, CEO of 2020 Women on Boards. “Studies have shown that the varied perspectives of women are uniquely valuable to corporations and the challenges they face today.”
In 2018, only 17.7% of board seats were held by women, up from 16.0% in 2017. Still, nearly one-fourth of public companies in the U.S. have NO women directors on their boards. The campaign recognizes STORE Capital as a positive example and highlights the advocacy of achieving more than 20% of female board seats by 2020, which commemorates the milestone 100th anniversary of the 19th Amendment, which granted women the right to vote.
Annual results of the 2020WOB are announced every November for their annual signature event and fundraiser, the National Conversation on Board Diversity.