J&J’s Mulcahy Says Term Limits May Add Women to Boards

Anne Mulcahy, the former Xerox Corp. chairman and chief executive officer and a director at Johnson & Johnson, Target Corp. and Washington Post Co., said limiting the terms of company directors would help seat more women on U.S. boards.

The portion of female corporate directors has been stuck at about 16 percent in the U.S., in part because board members can hold their positions for decades, Mulcahy said at a conference sponsored by the Women’s Forum Inc. of New York yesterday. That leaves little opportunity for new blood, she said.