Women get more representation in Wynn Resorts board shakeup

Las Vegas-based casino operator Wynn Resorts is giving more opportunity for women to be heard in the company in the wake of a sexual harassment scandal involving its founder and former CEO Steve Wynn.

The Nasdaq-listed firm announced that that it has expanded the composition of its board members to 11 in order to give way to the appointments of three “highly-qualified” women as independent directors.

Wynn Resorts said the appointments of Betsy Atkins, Dee Dee Myers and Wendy Webb as independent directors “signify a turning point” for the casino operator that is still reeling from a scandal tied to the former executive. The announcement comes a day after Elaine Wynn, currently the largest single shareholder of the casino company, request an overhaul of the entire board to “fully restore” Wynn Resorts’ reputation.

The appointments of Atkins, Myers, and Webb to Wynn Resorts bring the composition of women in the company to 36 percent, catapulting the casino operator to the top 40 S&P 500 companies in terms of female board representation.