03/05/2025

This Bank’s Board is 78 Percent Female

Do not credit DE&I

In 2019, when Wendy Cai-Lee launched Piermont Bank, she says she didn't set out to build a board of directors led—and dominated—by women.

"I was so focused on finding the best board to help me," she said.

Initially, her board consisted of seven directors, five of whom are women, including chairwoman Julia Gouw. In early February, Piermont added two more female directors, bringing its percentage of women occupying board seats to 78 percent. In comparison, women occupy about 30 percent of seats on Russell 3000 corporate boards, according to research from 50/50 Women on Boards.

Please select this link to read the complete article from Fast Company.