The Women's Forum of New York on Thursday honored ArcBest Corp. of Fort Smith and other companies for having at least 20 percent female representation on their boards of directors.
The publicly traded trucking firm received the honor at the forum's third biennial Breakfast of Corporate Champions event in New York City.
ArcBest has a representation of 27.3 percent women on its board.
"I’m pleased that ArcBest is being recognized for its strides toward a more diverse board," CEO Judy McReynolds said in a news release. "We believe in appointing the best people to the board and at the executive level. We’ve been fortunate to have strong women candidates fill these positions. As long as companies focus on putting the best people in leadership, we’ll see more women occupying those roles."
The women on ArcBest's board are McReynolds, who has been CEO since 2010 and is the only woman chief executive of an Arkansas publicly traded company; Janice E. Stipp, who serves on the boards’ audit committee and is CFO of Rogers Corp., a engineered materials company; and Kathy D. McElligott, executive vice president and chief information and technology officer of McKesson Corp., the largest pharmaceutical distributor in North America.
"We commend ArcBest Corporation and their work towards achieving a greater gender balance in their boardroom," said Janice Ellig, co-CEO of Chadick Ellig and chair of the event. "ArcBest knows that more women on boards is smart business and their success is an inspiration to others."
Other honorees included Unisys Corp. of Blue Bell, Pennsylvania; Ingram Micro Inc. of Santa Ana, California; Ingredion Inc. of Westchester, Illinois; and Navient Corp. of Wilmington, Delaware.
Navient has been a key leader in gender parity on boards. Earlier this year, the company received the "W" award from 2020 Women on Boards, a national campaign to increase the percentage of women directors on U.S. company boards to 20 percent or greater by 2020. One of its board members, Diane Gilleland, lives in Little Rock and is also an adjunct professor at the University of Arkansas in Little Rock.
S&P 500 and Fortune 1000 companies were eligible for the Women's Forum honor. Thursday's event included a CEO panel discussion, moderated by Judy Woodruff of the "PBS NewsHour," on why and how top U.S. companies should strive for gender parity. Another panel, on corporate governance, include Rosalind Brewer, president and CEO of Sam's Club, part of Wal-Mart Stores Inc. of Bentonville. The luncheon keynote was delivered by Securities and Exchange Commission Chair Mary Jo White.
The Women’s Forum of New York is an invitation-only membership of more than 500 women in professional sectors ranging from finance to fine arts. The group "is dedicated to the advancement of women’s leadership through programs which enrich members lives personally and professionally."
Founded in 1974, the forum is part of the International Women's Forum.