Archive for January, 2012

St.Louis public companies lag in appointing women to boards

According to the St. Louis Business Journal, "St. Louis public companies still lag their national brethren in appointing women to their corporate boards.  Women hold 45 of 493 board seats at 53 public companies, a level of 9.2 percent. That compares with 36 women directors among 495 board seats, 7.3 ...

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Forbes: Corporate Boards: Shifting From Aging Men To New Generation Of Women?

"The founder of FORBES magazine dedicated the first issue to women in business. 'Forbes believes her achievements are wide,' BC Forbes wrote, predicting that women 'will soon sit on boards beside men.' "  Article offers tips by Julie Norris of  CT Partners, an executive search firm, on how to win ...

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UK: The Women Who Are Breaking into the Boardroom

The Independent reports that "almost 100 females were made directors of top UK businesses last year. It's not equality – but it's definitely progress."  The Professional Boards Forum concluded that "a Government-commissioned report by former trade minister Lord Davies had been taken seriously by the City."  Women made up 27 per ...

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Response to FT Lex Opinion on Women on Boards

"Look again, Lex, when women are better represented." says John L. Cusack in response to the Financial Times Lex blog. Read more

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FT Lex disputes studies suggesting greater gender balance on boards improves performance

Financial Times writer Lex opines that McKinsey and Goldman Sachs, et. al studies suggesting that greater gender balance in the boardroom improves performance may be misleading.  He argues that few examples in France, Norway, and UK validate those conclusions. Read more

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Canada: Institute of Corporate Directors rejects quotas but calls for company voluntary measures

"Canada’s Institute of Corporate Directors has rejected the idea of mandating quotas for women to beef up diversity on corporate boards, but is calling for companies to adopt voluntary measures to improve board membership. "In a diversity report to be released Monday, the 5,000-member ICD, which represents corporate directors across Canada, ...

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Florida Today: Few women sitting in Florida boardrooms

Article discusses the number of women serving on Florida's corporate boards. In 2011, "just 9.3 percent of director seats at Florida’s top 100 public companies (based on revenue) were held by women. Forty-two of those companies had no women on their boards. By comparison, just three of the 15 Fortune 500 companies ...

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Forbes: More than 1,000 directors are over 70 years old — opportunity for change.

Forbes article sites research by Catalyst and others, and points out that more than 1,000 Fortune 1000 directors are over 70 years old.  "With their retirement imminent, demand is surging for a new generation of directors, one which better reflects the 21st-century marketplace." read more  

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Catalyst & HBS study shows correlation between corporate diversity and CSR

"A new joint-study released by Catalyst and Harvard Business School reveals a positive correlation between gender-diverse leadership and corporate social responsibility (CSR). The report, Gender and Corporate Social Responsibility: It’s a Matter of Sustainability, compares the average philanthropic donations of Fortune500 Companies in 2007 based on varied levels of women's representation on corporate boards ...

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WSJ: Pressing for Gains in Women’s Business Education

"Women are a more common sight at business schools than they were 10 years ago, but that change is too slow for Elissa Ellis Sangster, executive director of Forté Foundation, a 10-year-old organization that provides leadership resources for women.  Women now constitute 31% of business-school classes, up from about 26% ...

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