Catalyst is honored to congratulate Mary B. Cranston, Chair of the Catalyst Western Region Advisory Board and member of Catalyst’s Board of Directors, on her appointment to Visa Inc.’s Board of Directors.
Ms. Cranston’s appointment coincides with the release of Catalyst’s latest study, The Bottom Line: Corporate Performance and Women’s Representation on Boards, which found that Fortune 500 companies with the highest representation of women board directors attained significantly higher financial performance, on average, than those with the lowest representation of women board directors.
“We congratulate Mary Cranston and Visa on this appointment,” said Ilene H. Lang, President of Catalyst. “Visa clearly recognizes the range of expertise that Mary will bring to its board and we are confident her service as a Visa board director will reflect her broad knowledge and experience as well as her dedication to outstanding corporate governance and independent thought.”
“Recent Catalyst research underscores what high performing companies have known all along: that diversity in the boardroom – and gender diversity specifically -- is linked to stronger financial returns,” said Mary Cranston. “With this knowledge, I am confident that the demand for women on boards will steadily increase.”
Ms. Cranston is the Firm Senior Partner of Pillsbury Winthrop Shaw Pittman, LLP and is the immediate past-Chair and CEO of the firm. She is an alumna of the DirectWomen Institute, a partnership between the American Bar Association, the ABA Section of Business Law, and Catalyst, that works to increase the number of women lawyers serving as independent directors on boards of large public companies. Ms. Cranston has served as Chair of Catalyst’s Western Region Advisory Board since 2004.
Founded in 1962, Catalyst is the leading nonprofit corporate membership research and advisory organization working globally with businesses and the professions to build inclusive environments and expand opportunities for women and business. With offices in New York, San Jose, Toronto, and Zug, and the support and confidence of more than 340 leading corporations, firms, business schools, and associations, Catalyst is connected to business and its changing needs and is the premier resource for information and data about women in the workplace. In addition, Catalyst honors exemplary business initiatives that promote women’s leadership with the annual Catalyst Award.