Archive for November, 2012

Gender balance lags on Canadian boards

Financial Post 11/28/12: Out of 23 countries reviewed by the Governance Metrics International, Canada ranks at 10 for gender diversity on corporate boards. The Canadian government is concerned and believes there are serious economic implications to this. Finance Ministerm, Jim Flaherty said  “ncreasing opportunities for women to serve on corporate boards ...

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CMA wants more women representation in boardrooms

Capital Business 11/28/12: The Capital Markets Authority (CMA), in Kenya, believes that more is needed to push companies to include the number of women in the boardroom. Currently, only 44 women occupy seats out of 462 total, in 55 companies, that's about 9%. CMA is hesitant about legislation that would ...

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Wanted: Diverse boardrooms

11/17/2012: Though the percentage of women in management is 21%, only 9.3% of directors on the boards of New Zealand's top 100 listed companies are women.  Given these statistics, the question inevitably arises as to whether an old boys network is hindering women's corporate participation, though for New Zealand there is ...

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Gulf company boards ‘over-staffed by men’ says panel

11/20/2012: Less than 1.5% of the 5000 Gulf board positions in listed companies are held by women.  This contributes to the homogeneous nature of Gulf boardrooms and the unwillingness of many members to challenge the leadership and offer alternative viewpoints, as does a cultural deference for age that can be ...

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Women’s inclusion on boards vital to improving corporate governance

11/20/2012: The Third Arab Women Leadership Forum discussed ways in which Arab women's participation in the boardroom could be strengthened, generally eschewing state-imposed methods like quotas in favor of training, encouragement, and trust within the family, giving female board members commensurate stakes in corporations, and women's own personal interests, talents, ...

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Text of the Reding EU Directive on Gender Quotas for Boards

11/14/2012: Here is the full text of the recent controversial EU "Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on improving the gender balance among non-executive directors of companies listed on stock exchanges and related measures." Read more.

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After Norway forced companies to fill 40% of board seats with women, company values declined 2.6%

11/13/2012: Kuo provides an interesting look at the the percentage of women on the boards of Europe's largest listed companies (Norway is the highest, Malta the lowest) and at the percentage of global board seats held by women (Norway leads, and the US in 4th is ahead of some unexpected ...

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Women rising in the ranks at tech companies

NBC News: "News that two women will succeed Steven Sinofsky, the former head of Microsoft's Windows unit who unexpectedly left the company this week, is creating as much buzz as the departure itself. Julie Larson-Green, who will head the Windows hardware and software division, and Tami Reller, who will remain chief ...

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How did half the world’s population become a “diversity” problem?

11/13/2012: Kalita provides a brief, sardonic review of the current quota debate.  In Europe (where women hold an uninspiring 13.7% of board seats), the European Union has decided to tell companies that, as Kalita says, "It would be nice to have women on your boards. But you don’t have to do it." Read ...

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Gender diversity on Canada’s corporate boards a tale of two sectors

11/13/2012: "When it comes to board diversity in Canada, there’s good news and bad news, according to the Financial Post. On the positive side, corporations in the financial services sectors are greatly outpacing their counterparts in the mining and energy industries with the appointment of women to corporate boards. Conversely, there’s ...

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