Archive for July, 2013

Xerox CEO Ursula Burns On Women Corporate Leaders: ‘There’s A Tidal Wave Coming’

06/13/13 NEW YORK -- Xerox CEO Ursula Burns is one of the few women at the top of Corporate America, but she has some good news for others looking to get there. “A tidal wave is coming,” the first female African American chief executive officer of a Fortune 500 company told ...

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SmartCompany Australia: “Never Mind the Quotas, Develop the Pipeline”

SmartCompany.com- Australia 07/26/13:  The article discusses research that critiques the argument that having more women on boards improves the bottom line.  Renee Adams reiterates that these studies show correlation, not causation.  Her research also creates holes in the argument that women directors are more risk adverse. Find the full text of ...

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Article Overviews Studies that Find Mixed Results about Impact of Women on Boards

Accounting Today overviews a number of studies that point to varying results of women's impact on corporate boards. "One study in the scholarly journal, Accounting Horizons, published by the American Accounting Association, found that women CFOs produce more reliable financial statements than their male counterparts, while another in the same publication found ...

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5 Companies Whose Women-Friendly Policies May Help them Outperform the Competition

07/22/13: Insider Monkey profiles five companies that are putting forth a female-friendly atmosphere that could help them outperform their less-evolved competition, including Google, Xerox, Amgen, Cisco Systems, and New York Life. "Whatever the reason, women are becoming an increasingly important part of the business world, and at least a few companies are beginning to ...

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Hong Kong Now Boasts a 50-member Chapter of the 30 Percent Club

South China Morning Post July 19, 2013:  In Hong Kong, the 30 Percent Club of mostly male business leaders in support of bringing more women onto corporate boards has signed up 50 prominent members since the initiative was launched in March. In order to further narrow the gap, The Women's ...

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Reuters: Average Stock Price of Gender Diverse Corporate Boards Outperform Those with No Women

NEW YORK, LONDON, July 10, 2013: Thomson Reuters' latest study, "Mining the Metrics of Board Diversity," shows that the progression of women on boards has increased gradually over the past five years, and that on average, companies with mixed-gender boards have marginally better, or similar, performance to a benchmark index, such as ...

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NACD Annual Surveys: American Boards Would Struggle to Meet Board Quotas Should They Become Law

NACD Directorship, 06/28/13: NACD’s annual governance surveys show that American boards would have difficulty fulfilling diversity quotas should they become law, as in Norway and Spain, with 27.4 percent of boards responding to NACD’s most recent Public Company Governance Survey reporting zero female members. “When figures do not improve, the probability ...

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Report of the NACD Blue Ribbon Commission – The Diverse Board: Moving From Interest to Action

Abstract: Corporate boards face a new set of challenges in the years ahead as major economic trends transform the way our companies operate. Not only is global competition growing, but here at home we also see shifting demographics and new customer bases. How directors handle these changes can determine the ...

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Kenya Law on Boardroom Diversity Causes Shakeup on Power Company Board

Kenya 07/25/13:  An article in Business Daily notes that since 2010, Kenya has had a law requiring that no gender should occupy more than two-thirds of the seats on boards of state owned – or more than 50% of state-owned companies.  As a result, a major energy company has replaced ...

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UK Survey Shows Executive Search Firms Are Skeptical about Potential Success of Davies Task Force

A survey of 100 of the top UK executive search firms found that: 1) Most UK executive search firms believe that the Davies Task Force will fail and the country will not achieve its objective by 2015 of 25% female members on the country’s top 100 boards, and 2) Most ...

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