MDU Resources Group Inc. has been named a Winning “W” Company by 2020 Women on Boards for achieving at least 20% women on its corporate board before the year 2020.
MDU Resources’ board is made up of 10 directors, with two women, Karen B. Fagg and Patricia L. Moss, serving in 2018. A third woman, Chenxi Wang, was elected to the board May 7 at the company’s annual meeting of shareholders.
Winning “W” Companies are cited in the 2020 Women of Boards annual “Gender Diversity Index,” which tracks the number of corporate board seats held by women among companies listed on the Russell 3000 Index. As of 2018, the percentage of board seats held by women rose to 17.7%, up from 16.0% in 2017.
“We believe diversity within MDU Resources, from the top down, is critical to our company’s success,” said David L. Goodin, president and CEO of MDU Resources. Betsy Berhemer-Credaire, CEO of 2020 Women on Boards, said studies have shown that women’s varied perspectives are “uniquely valuable to corporations and the challenges they face today.”