Interviewed by Vawn Himmelsbach for Canadian Lawyer InHouse magazine
on women on boards and in senior management, January 6, 2015.
Not exact matches
White's customer is always «my
woman» or «she,» who needs shoes for
board meetings, silent auctions and running around
on the weekends, not to mention for the opera or a bar mitzvah.
Earlier this year, for example, Judy Zaichkowsky of Simon Fraser University's Beedie School of Business published a study indicating that the presence of just one
woman on a company's
board resulted in significantly higher standards of corporate governance (which has an established correlation to better financial performance).
British bank Barclays recently started issuing exchange - traded notes
on the NYSE Arca exchange (similar to ETFs, only they are derivatives guaranteed by the bank rather than invested in the underlying securities) that track a
Women in Leadership index of U.S. companies whose CEOs are women or whose boards are at least one - quarter fe
Women in Leadership index of U.S. companies whose CEOs are
women or whose boards are at least one - quarter fe
women or whose
boards are at least one - quarter female.
Arianna Huffington, an advocate for
women and the CEO of a wellness company, also sits
on the
board.
«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.
Last October, I looked around the table during a Lessonly
board meeting and thought to myself, «How do the
women on the team feel when they walk past this room and see a bunch of men making big decisions
on their behalf?»
For a number of years, I had been
on the
board of Project Hope, which operates a shelter and provides services for homeless
women and children in Boston.
Ellis and partner Nikolay Djibankov use a strategy called Gender Lens Investment, which targets companies with at least three
women on their
boards of directors, in the creation of a so - called «parity portfolio» for clients.
Women's under - representation
on boards and in top management positions has long been the subject of academic study and, more recently, public policy.
The
women were also asked why they believe so few
women sit
on corporate
boards.
About 100 Boardlist candidates (some of whom already sit
on not - for - profit, for - profit, or advisory
boards, and the vast majority of whom live in the U.S.) were asked a number of questions about their experiences in business, and also about the fact that so few
women serve
on corporate
boards.
Harford is a prominent diversity champion, both in the financial services sector and the wider business community, and served as the co-head of Citi
Women and on the board of directors of The Forte Foundation, a U.S. nonprofit organization dedicated to increasing the number of women leaders in busi
Women and
on the
board of directors of The Forte Foundation, a U.S. nonprofit organization dedicated to increasing the number of
women leaders in busi
women leaders in business.
The numbers have nudged up from 15.9 % in 2013, when Catalyst Canada surveyed the number of
women on Financial Post 500
boards, and new comply - or - explain regulations initiated by the Ontario Securities Commission will likely push the statistics higher now that companies are required to disclose female representation
on boards and in senior management.
In 1992, she became the first African American
woman to travel to space as a crew member
on board the Space Shuttle Endeavor.
More
women than men are being appointed to the
boards of Australia's top 200 companies for the first time
on record.
The survey comes from theBoardlist, which compiles lists of
women who are qualified to sit
on corporate
boards, and also helps search committees find them.
In 2012,
women accounted for 19 % of
board seats
on U.S. companies.
At the end of 2016, 738 companies — roughly 25 percent of the list — had no
women on their
boards of directors.
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.
On a macro level,
women haven't had a very impressive history of
board representation.
Going into 2017, 21
on the list had total gender parity, and 42 company
boards had between 40 percent and 50 percent
women.
Recently, Equilar, a research firm that focuses
on board recruitment, put together a Gender Diversity Index and predicts that the
board of directors
on the Russell 3000 list — the 3000 largest companies based in the United States — will achieve parity, with a membership made up of 50 percent
women and 50 percent men, by the fourth quarter of 2055.
This opinion piece from The New York Times editorial
board — part of a larger series
on gun violence that also looks at the horrific statistics
on the murder of
women in the U.S. — focuses
on the «boyfriend loophole,» something that may be familiar to regular Broadsheet readers.
At the White House's first United States of
Women Summit in 2016, Buffett confessed that he only thought to put a
woman on the Berkshire Hathaway
board in 2003 — nearly 40 years after taking over the company — by the suggestion of his wife Susie.
In the same time period, in the U.S., the percentage of
women on boards actually fell, from 21 to 20 percent.
With the goal of increasing female - owned business survival rates and further fueling the growth of female entrepreneurship
on the whole, hundreds of
women such as Gore are gathering at today's inaugural Circle
Board summit.
We even know that, if there is even one
woman on a company's
board of directors, attendance is better at
board meetings.
A recent survey by theBoardlist, a group that seeks out
women qualified for
board seats and helps connect them to search committees, asked why the representation of
women on boards was so low.
According to TheBoardlist, 68 % of unicorn tech companies (those with billion dollar - plus valuations), have no
women on their
boards.
More important, why did having
women on a
board make a difference at all?
(
On the plus side, the tech industry saw a 13.5 % increase since 2015, with
women accounting for 40 % of the
board seats filled.)
No
women sit
on Audi's Management
Board and its 14 person American executive team only has two
women.
According to the census, approximately 40 % of companies (177 in 2011) had no
women serving
on their
boards — a shockingly high number.
Women's instincts made them better problem - solvers, but the researchers posited that those tendencies could make them look like troublemakers
on male - dominated
boards.
U.S. companies have been under pressure to increase the role of
women and minorities
on their
boards and top management.
Taken to its logical extreme, his research seems to argue that
boards should have only female directors, but he's careful to point out that not all
women score highly
on complex moral reason (sometimes known as «CMR») decision - making, and some men do.
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.
Women are being appointed to ASX200
boards at a faster rate than ever, but a number of major Western Australian companies remain without any female representation
on their
boards.
The researchers pointed out that when
women were present
on a
board that was doing the bidding for a company, there was no significant association with the engagement of top - ranked advisors.
The number of
women on corporate
boards could be improved.
I have taught and advised hundreds of
women who are enormously frustrated at the blockage
on boards by over-tenured, over-boarded, entrenched pedigree directors.
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.
Norway mandates 40 %
women on boards, as does Spain, France and Iceland.
It means that when we discuss policies to increase the number of
women on boards, we're not arguing about where we're going — we're just arguing about how to get there.
Women make up a quarter of his eight - member executive leadership team and account for four of 10 seats
on the
board of directors.
The executives did feel that having more qualified
women on boards would have a positive effect
on corporations.
In a recent proposal put forward to Canada's major banks, Quebec - based shareholder rights group MÉDAC (Mouvement d'éducation et de défense des actionnaires) asked the Big Five to commit to achieving equal representation between men and
women on their
boards in 10 years.