The recent GAO report on Corporate Boards – Strategies to Address Representation of Women Include Federal Disclosure Requirements – received a fair amount of media attention for its calculation that it would take more than four decades for women’s participation on boards to match that of men’s.
What got lost in most of the coverage was that the projection was based on women receiving appointments to boards in equal numbers to men starting in 2015. That’s more than double the current average – right now women receive approximately 23% of new board appointments each year.
In addition to the data Full Article
A recent Peterson Institute for International Economics study found that more women in top corporate positions companies correlates with improved financial performance (net profit margin). The research included more than 21,000 companies in 91 countries and examined the levels of gender diversity among CEOs, corporate directors and C-suite officers. The study also looked at national policies that encourage women’s participation in the workforce, including family leave and access to education. According to the researchers, “what matters most for gender diversity is creating a pipeline of women into corporate management, from elementary education through child-bearing years.”
While improved performance was the Full Article
The Colorado Women’s Chamber of Commerce’s upcoming Stories from the Source program (February 2, 4:30 pm) will feature a panel of current corporate board members who will share actual experiences and perspectives from the boardroom. The panel includes Debra Koenig, President of the Colorado Chapter of the National Association of Corporate Directors (NACD); Taylor Simonton, Corporate Independent Director and Audit Committee Chair; and Kristen Pederson, Principal/Partner, Ernst & Young. More information is available on their website.
The FWA 60th Anniversary Gala and Women of the Year Awards is the FWA’s premiere event and its most critical fundraiser for the FWA of New York Educational Fund.
This special evening:
For the seventh year, the Financial Women’s Association is partnering with Forbes on a special section featured in the December 28, 2015 Forbes Investment Guide. This year’s edition, “In Good Company: The Future of Women in Data Driven Leadership,” focuses on opportunities for women to lead data strategy in a wide range of organizations. The article highlights the work FWA in preparing women to lead, starting with FWA’s High School Mentoring program in NYC.
In addition to reaching the 6.3 million Forbes readers, the eight-page document will be distributed by Forbes at the World Full Article
The Financial Women’s Association has announced plans for their international conference to be held in Singapore and Hong Kong, March 14 – March 20, 2016. Participants will meet with international leaders of industry, government and finance, while gaining insights into international trade. Topics to be covered include immigration and populations challenges, technology and innovation, international corporations and more. For more information, visit the Conference Website.
The Boston Club has updated its research for women on boards in Massachusetts and is reporting that the 100 largest public companies in Massachusetts have set new records in terms of the percentage of women in their boardrooms (16.1%) and executive suites (12.1%). In addition, the number of new independent directors who are women and the percentage of women among the top-paid executives of these companies reached all-time highs in the year ending June 30, 2015.
Colorado Women’s Chamber of Commerce (CWCC) will honor the 2016 Top 25 Most Powerful Women for their professional achievements and leadership within the Denver community at a gala event on January 20, 2016. Launched in 2012, a Top 25 honoree is typically a president, CEO, board chair or other senior-management executive with significant decision-making authority in the corporate, non-profit or government sector.
Approximately 40 successful women directors of Maryland public companies gathered to network with other women directors, board chairs and CEOs at W. R. Grace & Co., in Columbia, Maryland, on October 8, 2015. The reception was organized by Network 2000 and Stanton Chase International as part of their mission to expand opportunities for more women to obtain seats on corporate boards.
Fred Festa, CEO of W. R. Grace & Co., was the key speaker during the reception. The reception focused on the importance and benefit of having board diversity for public companies. Mr. Festa addressed the group and Full Article
Gallup has updated its research on perceptions of equity in the workplace, and while the percentages of women and men who believe their gender has negatively impacted their advancement and pay are relatively small, the magnitude of the differences between men and women is stark.