But in the end, does it actually matter to have that many
more women on boards?
And many of the companies without policies said they choose to make appointments based on merit, not gender — despite mounting research that demonstrates a strong business case for
more women on boards.
The funds include the Pax Ellevate Global Women's Leadership Fund, which invests in companies that have two or
more women on their boards.
«From all research we've done in the past several weeks, The Vancouver Board of Trade is the first and only business organization of our kind in Canada — possibly across North America — to have
more women on our board of directors than men,» said Manning, who also serves as Regional Vice-President of Commercial Financial Services at RBC Royal Bank.
A 2012 Credit Suisse Research Institute report evaluated the performance of 2,360 companies globally over six years and found that companies with one or
more women on boards delivered higher average returns on equity, lower leverage, better average growth and higher price / book value multiples.
Companies that have
more women on their boards and in their senior management teams aren't just opening doors to gender equality.
All of the companies in the Fund have one or
more women on their board of directors.
Leblanc, Richard, «
More Women on Boards: What Boards Need, What Shareholders Want,» Ivey Business Journal [Online](March - April, 2009).
de Lench: I would like to see far
more women on the boards of youth sports organizations, from the national governing bodies all the way down to local level, especially in predominantly boy's sports such as football, baseball and hockey.
I think we need
more women on board, we certainly do.
Sure enough, the researchers found that companies with one or
more women on the board delivered higher average returns on equity, lower gearing (that is, net debt to equity) and better average growth.
I think they're desperate to have
more women on board because most friends find it offensive and aren't interested.
Average dividend payout ratios and return on equity figures were consistently higher over three years for the companies with three or
more women on their board, the research finds.
A lot has been written about the positive impact to the bottom line when corporations include
more women on their boards.
• Of all companies surveyed, 29 per cent have one woman or more on the board of directors, while only three per cent have three or
more women on their board.
Last week, the Canadian Securities Administrators announced new rules requiring Canadian public corporations to disclose policies and procedures put in place to get
more women on their boards of directors and into senior management positions, or else explain why the company lacks such policies and procedures....
The research above is supportive of a 2011 study prepared by Catalyst, which reported that companies with
more women on boards drastically outperform those with the least when looking at several indicators of financial performance.
Companies with
more women on their boards have higher sales, higher returns on equity, and higher profitability.»
From Forbes: The Real Reason There Aren't
More Women on Boards.
Last week, I was reading this article on Forbes about why there aren't
more women on boards.
Not exact matches
«In the financial industry, there's been a lot of debate, post — financial crisis, around different approaches to risk and gender difference,» says Brenda Trenowden, global head of funds at ANZ Banking Group in London and a member of the steering committee of the 30 % Club, which works to get
more women on corporate
boards.
Women's under - representation
on boards and in top management positions has long been the subject of academic study and,
more recently, public policy.
More women than men are being appointed to the
boards of Australia's top 200 companies for the first time
on record.
Even when comparing the sexes with the same job title at the same company and using similar education and experience, the gender pay gap persists across the
board: Men earned 2.4 percent
more than
women on average, down slightly from last year, according to a study by salary - tracking website PayScale.
More important, why did having
women on a
board make a difference at all?
Some of the effects were measurable —
boards with
more women are linked to a 53 % higher return
on equity, according to one study, and their companies go bankrupt less frequently.
Most Canadian business leaders agree that
more women are needed
on corporate
boards — female representation has hovered at about 10 % for years.
It's clear that if you measure the success of these programs purely
on the basis of whether they get
more women into
board seats, they absolutely work.
There have been a variety of studies showing that
women in leadership roles equates to better company performance, including a report from Credit Suisse that says that companies with
more than one
woman on their
boards have outperformed those with no
women on their
boards in the stock market.
The executives did feel that having
more qualified
women on boards would have a positive effect
on corporations.
Canada's seventh - largest — and largest foreign - owned — bank, with
more than $ 90 billion in assets and $ 2 billion in annual revenue, the company under her watch has become an exemplar of gender diversity, with equal numbers of men and
women on the
board and in senior management.
Circular
Board is intimate in nature — no
more than 10
women participate in one 12 - week cohort — and highly collaborative: Participants join a peer group and meet weekly (or
more) via videoconference to share ideas, offer feedback and give progress reports
on their business development.
«Investors» calls for greater gender diversity appear to be nudging nominating committees to find
more women to serve
on boards at U.S. firms.»
More than half of the issuers (56 %) in the survey sample have adopted formal policies addressing the representation of
women on boards — and they've been swift about it.
«There are now
more women on FTSE
boards than ever before but we need to go further, particularly when it comes to paving the way to the executive level.
The government - backed report from Lord Mervyn Davies, who has been championing gender equality in the boardroom, shows that FTSE 100 companies have exceeded the target of having 25 %
women on their
boards —
more than doubling the number in 2011 when the target was set.
VBOT becomes only major business organization in Canada with
more women than men
on its
board of directors
B.C.'s economy needs
more women leaders, in business,
on boards and in growing industries.
Firms targeted by activists end up with
more white men
on their
boards, often replacing
women and minorities in the process, according to a study by proxy voting firm ISS.
More than 30 % of public company tech
boards have no
women at all, compared with 78 % of Russell 3000 companies that have at least one
woman on their
boards, Equilar found.
Uber director Arianna Huffington said data shows that when there's one
woman on a
board, it's much
more likely that there will be a second
woman on the
board.
The discussion started off asking why the number of
women on public
boards was so low — around 18 % (or lower)-- Gouw stated that this is typically because when there are open spots
on boards, the typically all - male
board members reach out to their own networks and it propagates adding
more men to
boards.
Companies with
more women board directors outperform those with the fewest by 66 percent return
on invested capital.
Adverts will appear
on television, radio, advertising
boards and in the written press advising that
women should not regularly drink
more than two to three units a day and men three to four.
The President, who called for the strengthening of the AU Advisory
Board on Corruption to make it
more proactive, also proposed to enlist the support of parliamentarians,
women associations, the media, business community, faith - based groups, the youth, educational institutions and traditional rulers among others in the campaign.
Supervisor Michael Cashman stated during the meeting how it's the first time, in a long time, there has been
more than one
woman serving
on the
board at the same time.
I hope that the recommendations I am announcing today will mark the beginning of a step - change so that
more of our talented
women get seats
on our top
boards.»
With the government pushing hard to get
more women into the Cabinet and
on company
boards, Macleod says «something's got to be wrong» if the same principle isn't being applied here, too.
We need workers
on boards,
more employer - employee partnerships,
more women in senior management and real transparency around corporate tax and pay.
Malliotakis, a 36 - year - old Republican who represents parts of Staten Island and southern Brooklyn and is so far the only
woman out of
more than a dozen people registered to run for mayor, formally registered a committee to run with the state's
Board of Elections
on Monday.