H.C.R. No. 16 Summary

• Urges all private and public companies and institutions doing business in Ohio to increase gender diversity on their boards of directors and in senior management positions.

• Requires companies to set and publish measurable goals to track progress toward gender diversity objectives.

• Cites research showing women earned more bachelor's degrees than men since 1982, more master's degrees since 1987, and more doctorate degrees since 2006, yet held only 22.6% of board seats at Russell 3000 companies in 2020.

• Notes that in Ohio, women represented 48% of the labor force in 2017 but only 21.2% of board seats at Fortune 1000 companies headquartered in the state.

• Directs the House Clerk to transmit authenticated copies of the resolution to the Governor of Ohio and Ohio news media.