The 2013 Minnesota Census of Women in Corporate Leadership examines the percentage of women in leadership roles at the 100 largest publicly held companies headquartered in Minnesota as ranked by 2012 net revenue in the Minneapolis-based Star Tribune 100: 19th Annual Report (April 2013) and the Minneapolis/St. Paul Business Journal top 100 list (April 2013).
Excluded from the list are closely held companies, cooperatives and fraternal benefits organizations, and over-the-counter stocks. Of Minnesota’s Fortune 500 companies, three companies are not represented in the Minnesota Census data sample: Land O’Lakes, CHS, Inc. and Thrivent Financial for Lutherans. Although the SEC lists these as public companies with more than 500 shareholders, they are not publicly traded on a stock exchange.
Data for the 2013 Minnesota Census were collected from company filings with the SEC, including proxy statements (DEF 14A), annual reports (Form 10-K) and current reports (Form 8-K). Accessed online through EDGAR, the most recent SEC filings through June 30, 2013, were reviewed for data collection. Data confirmation sheets were emailed or mailed to each company, requesting verification of the information and notification of any changes occurring before the Census cutoff of June 30, 2013. The company response rate was 55 percent. Changes that occurred in board membership, executive officer appointments, company ownership or bankruptcy filings after the period covered by the June 30, 2013, filings are not reflected in this analysis.
Criteria for inclusion in the “executive officer” category vary by company. To be consistent, the Census uses only those individuals formally designated as Section 16b executive officers in SEC filings.
All reasonable steps have been taken to verify the accuracy of the data. Any remaining errors or omissions are the sole responsibility of the researchers.