Advancing Women to the Boardroom

News Release Archive

McKinsey & Co: Women in the Workplace 2016

September 26, 2016 – McKinsey & Co. & LeanIn.Org released results from a recent survey of 34,000 men and women across more than 130 companies, and the findings were disheartening (Women in the Workplace 2016). Although more than 75% of the CEOs included gender diversity in their business priorities, apparently no one is listening. The survey found that:

  • for every 100 women who receive promotions in an early phase of their career, 130 men are promoted. 
  • entry level women are more likely to spend five or more years in the same role.
  • women negotiate Full Article

Credit Suisse Research Institute CS Women 3000 Released

September 22, 2016 – Credit Suisse Research Institute has released CS Gender 3000: The Reward for Change, which looks at the performance of companies with higher concentrations of women in decision-making roles. As was the case in their 2014 study, Credit Suisse found that companies with greater gender diversity at the leadership level generated better market returns and higher profits. The report also found that, contrary to the Queen Bee theory, women CEOs were more likely than their male counterparts to have other women in senior leadership positions. Read more. Full Article

Network 2000 Reports Little Change in Numbers

Earlier this summer, ION Member Network 2000 released the results from their latest census of women on boards in Maryland and reported little change in their overall numbers (2014 numbers in parentheses) 

  • Number of seats held by women: 91 (90)
  • Percentage of seats held by women: 14.4% (14.3%)
  • Percentage of companies where women hold 20% or more of the board seats: 31.6% (28.6%)
  • Percentage of companies where women hold 20% or more of the executive positions: 35.5% (39%)

Women’s Leadership Development Programs – Lessons Learned & New Frontiers

A recent issue of the Journal of Management Education (Volume 40, Issue 3) included a rich discussion of women’s leadership development programs (WLDP). As the title suggests, the issue includes a review of themes from the latest research on WLDPs as well as recommendations for WLDPs going forward. The focus in all cases is on understanding how WLDPs can foster transformational change in individuals and organizations while fostering leadership development in both women and men.

This special issue of the ION newsletter will include a summary of the key findings and recommendations from these Full Article

Female CEOs in F500 goes down; Catalyst, Inforum, & Network 2000 update their leadership numbers

ION members Network 2000 (MD) and Inforum (MI) have released updated board and executive officers for their regions; Fortune reported a decline in the number of women serving as CEO in their top 500 companies; Catalyst raises concern that one woman on a board will “become the new zero;” and financial institutions sign the Women in Finance Charter in the UK, making a commitment to improve gender diversity in their senior ranks AND tie progress to the pay of senior executives. Read more

Vague Feedback May Hold Women Back, One Diverse Candidate is Not Enough, How Women Decided, and Tax Incentives for Board Diversity

Researchers find that women are more likely to receive vague feedback not tied to business goals, which leads to lower evaluations and less advancement opportunity; also a single diverse candidate in a list of possibilities has 0% chance of being the final choice (but two diverse candidates significantly increases the likelihood that one of them will be selected; and could tax incentives be the answer to increasing the number of women on boards? Read More.

Colorado Board Bound: Stories from the Source

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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

FWA to Celebrate 60 years in 2016

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:

  • Honors distinguished women leaders in the private and public sectors for their achievements, leadership and professionalism. For a list of past honorees, please click here.
  • Celebrates the FWA’s mission, Educational Programs, membership, President’s Circle and other Corporate Supporters.
  • Highlights two outstanding FWA mentees representing the FWA’s programs at Baruch College and Murry Bergtraum High School.
  • Benefits the important programs of the FWA of New York Full Article

FWA Partners with Forbes for Special Section

FWA logo 4CFor 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