The «2011 Catalyst Census: Financial Post 500
Women Board Directors» found that just 14.5 per cent of board seats in corporate Canada are held by women, an increase of just 0.5 percentage points since 2009.
They found that companies with more
women board directors and corporate officers contributed significantly more charitable funds on average than companies with fewer or no women in senior roles.
Companies with more
women board directors outperform those with the fewest by 66 percent return on invested capital.
Among its copious research, Catalyst publishes the Catalyst Census: Fortune 500
Women Board Directors.
Not exact matches
As part of its shakeup this summer, American Apparel (AMEX: APP) appointed two
women to its previously all - male
board of
directors.
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.
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.
At the end of 2016, 738 companies — roughly 25 percent of the list — had no
women on their
boards of
directors.
Their business stood out because, despite accepting both male and female clientele, the Westropp sisters wanted to have an all - female
board of
directors and teach
women about money during a time when men still controlled much of family and business finance.
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.
Yet somehow, in the U.S., large public companies can't seem to seem to make any progress at all in getting more
women onto their
boards of
directors.
We even know that, if there is even one
woman on a company's
board of
directors, attendance is better at
board meetings.
In this edition of the CB Elevator Pitch, editor James Cowan argues that companies need to work harder to recruit
women for
boards of
directors.
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.
After observing dozens of
board meetings over the last fifteen years and interviewing hundreds of
directors, the dialogue and behavior changes with
women in boardrooms.
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.
Women make up a quarter of his eight - member executive leadership team and account for four of 10 seats on the
board of
directors.
In July, American Apparel appointed the first two
women to its
board of
directors after its now ousted CEO got caught up in a sexual harassment scandal.
Only 13 have a
board of
directors that is more than 80 percent
women and senior management that is more than 80 percent
women.
She is a
board of
directors member of the American Hotel & Lodging Association (AHLA)
Women in Lodging.
All four
women were named to the
board after the majority of the previous
directors resigned last month.
However, Columbia University's Katherine W. Phillips and others mentioned in the HBR story on
women directors point out that while diverse
boards that are not properly managed may «create distrust and dissatisfaction,» homogeneous groups don't come to any better solutions.
There's good reason for their efforts: Nearly three quarters of the startups surveyed have no
women on their
board of
directors.
The letter urges the executives to interview
women and other underrepresented groups for senior leadership positions and for openings on their
boards of
directors.
Sandberg is among the 14 per cent of
women who hold executive officer positions and the 16 per cent of
women who hold
board of
director seats, according to Catalyst.org.
Most of the
women appointed to
boards since 2011 have been non-executive
directors, whose job is to oversee the decisions of chief executives and other top managers.
«I often consider the composition of a company's
board and executive team to see if their espoused values truly reflect their reality,» says activist Jamia Wilson, the executive
director at the non-profit
Women, Action, & The Media.
She said many companies would simply continue appointing
women to non-executive
director positions, leaving the executive
board to continue to be dominated by men.
In chapters composed of approximately 20 accomplished
women entrepreneurs,
women presidents, from diverse industries and backgrounds, address business concerns in a roundtable format and function as an informal
board of
directors for their businesses.
At The Vancouver
Board of Trade's 128th AGM, incoming Chair Tim Manning announced an unprecedented decision to elect more women than men to the board of directors — something that has not happened before in the organization's his
Board of Trade's 128th AGM, incoming Chair Tim Manning announced an unprecedented decision to elect more
women than men to the
board of directors — something that has not happened before in the organization's his
board of
directors — something that has not happened before in the organization's history.
VBOT becomes only major business organization in Canada with more
women than men on its
board of
directors
Another male
director, referring to
board nominations on several technology companies, responded that «Not a single time was there a mention of hiring a
woman — it was never brought up.
Store associates from around the world, home office colleagues, members of the Walmart
board of
directors and Walmart senior leaders watched as McMillon was recognized for his significant leadership role in supporting the strategies of the
Women's Economic Empowerment team and Walmart's role in launching the
Women Owned Logo across Walmart globally.
One Danish female
director talked about this: «There is very much the attitude in Denmark now, which is «haven't we talked about this issue of
women on
boards enough now?
In an interview with USA TODAY following the meeting, Jackson said he stressed the need for Uber to hire more
women and underrepresented minorities at all levels of the company, from the
board of
directors and the executive team to rank - and - file workers.
The ISS study — which looked at
directors nominated by dissidents and by the
boards themselves in response to activism — found that
women made up 8.4 percent of this group, compared with 25 percent of new
directors at all S&P 1500 companies in 2015.
She is a
director of the Diamond Foundation and has served on the
boards of many organizations such as Vancouver Foundation, United Way, YWCA, and the BC
Women's Hospital, to name a few.
He is also the author of several IGOPP policy papers, which offer new perspectives on a range of controversial issues including: Dual - class voting shares, Corporate Citizenship, The place of
women on
boards of
directors, Say - on - Pay by shareholders, The Gordian knot of executive compensation, The Troubling Case of Proxy Advisors, among others.
«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
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
board of
directors than men,» said Manning, who also serves as Regional Vice-President of Commercial Financial Services at RBC Royal Bank.
When a
woman fills a
board seat, there's a 32 % chance she's already served as a
director, yet when a man fills a
board seat, there's a 23 % change he's already served as a
director, the study found.
It's an important point and one that exposes a limitation of the Boardlist's approach: No matter how many female
directors they help place, Silicon Valley
boards won't get anywhere near gender parity until more
women create and invest in startups.
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.
Currently, he serves on the
Board of
Directors for both WBENC and
Women's Business Council Southwest (WBCS).
There are three
women on its 12 - person
board of
directors and three
women among the fast - food chain's top - ranking 10 corporate executives, according to the company website.
Washington, DC, November 19 --- The
Women's Business Enterprise National Council (WBENC) has named Benita Fortner,
Director of Supplier Diversity for Raytheon Company, as Chair of the WBENC
Board of
Directors.
While Shih is one of three female Starbucks
directors, she's the only
woman on her own four - person startup
board.
Saudi Aramco has appointed three new members to its
board including a
woman executive.Saudi Arabian Minister of Finance Mohammed al - Jadaan and Minister of Economy and Planning Mohammed al - Tuwaijri were named as members of the Aramco
board of
directors.
«We are proud to have Pamela Prince - Eason bring her distinctive knowledge and experience spanning procurement,
women's business leadership and non-profit organizations,» said Laura Taylor, newly elected Chair of WBENC's
Board of
Directors.
We also recognize that we do not yet have a
woman or person of color from an underrepresented group on our
board of
directors.
«Greater participation of
women in boardrooms is necessary and the way to do this is to increase the number of senior female executives from which board members can be drawn,» said Carrie Hartnell, associate director of Intellect's Women in IT F
women in boardrooms is necessary and the way to do this is to increase the number of senior female executives from which
board members can be drawn,» said Carrie Hartnell, associate
director of Intellect's
Women in IT F
Women in IT Forum.