Archive for October, 2013

India: Forced by law to ensure representation, companies search desperately for women to fill board seats

Listed companies need to have at least one woman on their board, according to the law that was passed by the Lok Sabha in December 2012. The deadline varies from one year to three years, depending on the size of the company. Read the full article here.

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Nick Kristoff: Twitter, Women and Power

"The main reason to add women — not just on Twitter’s board, but in politics, business and the news media — isn’t just equity. This shouldn’t be seen as a favor to women but as a step that would be good for all of us." "So would it all have been ...

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SEC et al Propose Joint Standards for Assessing Diversity Policies

On Friday, October 25, the SEC, Board of Governors of the Federal Reserve System ("FRB"), Consumer Financial Protection Bureau ("CFPB"), FDIC, National Credit Union Administration ("NCUA") and Office of the Comptroller of the Currency ("OCC") proposed joint standards for assessing the diversity policies and practices of the institutions that they ...

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2020 Women on Boards Gender Diversity Index Released

The percentage of women in the boardroom of the Fortune 1000 gained another percentage point for the second year in a row and is now at 16.6%. The percentage of board seats held by women in the Fortune 100 is now over 20%; Fortune 500 companies have made progress, and we see momentum in the Fortune 501 - ...

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MEP Urges Britain to Lead, Not Follow, When it Comes to Women on Boards

Huffington Post, 10/16/13: MEP Mary Honeyball urges her country to lead, not follow, the rest of Europe when it comes to the issue of women on corporate boards. "The UK's existing self-regulatory measures have brought about incremental improvements when it comes to the number of women on boards. Last week figures ...

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European Commission Urges 40% Women on Boards by 2020

EU-listed companies should aim to ensure, by 2020, that at least 40% of their non-executive board members are women, so as to promote gender equality in economic decision making, say draft rules proposed by the European Commission and backed by the Women's Rights and Gender Equality and Legal Affairs committees ...

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No women on board sparks Twitter skirmish

Twitter CEO Dick Costalo doesn't want his company's IPO to be compared to Facebook's, but he is faced with one problem that is awfully reminiscent — a lack of women on his board. Just as Mark Zuckerberg took heat leading up to Facebook's IPO because the social networking giant lacked any female directors, ...

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Twitter’s not alone – 8 other Silicon Valley IPO companies have no women on board

Of the 13 Silicon Valley companies that have IPO’d this year, eight have no female board members, and four have only one. The dearth of women is not a coincidence, but is endemic to the entire tech industry. Read the full article here.  

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California: Women Executives Break into Boys’ Club

California legislature passed a non-binding resolution that corporate boards of California companies should be gender diverse.  If it has 5 to 8 seats, at least 2 should be held by women.  If fewer than 5, than at least 1 should be female. Read the full article here.

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Twitter Can’t Go Public as a Boys’ Club: Wadhwa

Vivek Wadhwa, fellow at Stanford Law School, responds to Twitter CEO Dick Costolo criticizing his comments that took the company to task for having no female board members. He speaks on Bloomberg Television’s “Bloomberg West.” "You've got a small elite group of people...who are in an echo chamber." "When you become a ...

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