CINCINNATI—Procter & Gamble Co. shareholders at Tuesday's annual meeting in Cincinnati might notice that the company seems to be developing more of a feminine side.
P&G has a record-high five female members on the 11-person board of directors. The increased female clout is also reflected in P&G's ranks. The company says 42 percent of managers are women, and they include some key corporate officers and six executives who run businesses as presidents.
P&G CEO Bob McDonald has said that fostering diversity is a critical responsibility that delivers results. It also makes sense for a company that estimates that women make 87 percent of the buying decisions for its products such as Tide detergent, Pamper diapers and Olay skin cream.