Archive for February, 2014

India: Companies on National Stock Exchange Must Have At Least One Female Director

India has cleared new corporate governance norms, requiring companies on the national stock exchange to have at least one female director by October 2014.  The new norms also mandate that directors cannot serve more than two five-year terms and may not serve on more than seven boards at one time ...

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United States: Tech Company Adds 3 Women to Board Before IPO

Prior to its IPO, tech company Zendesk appointed three women to its board of directors: Caryn Marooney, vice president of technology communications at Facebook and former co-founder and CEO of the Outcast PR agency;  Elizabeth "Betsey" Nelson, former chief financial officer of Macromedia; and Michelle Wilson, former Amazon.com general counsel. The ...

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Canada: Number of Female Directors on Corporate Boards Outpaces Peers

Canada historically ranked low in its ranking of the number of women on corporate boards, but has now leaped ahead of the United States and Britain in adding female directors.  In Canada, women now make up 20 percent of directors on the boards of 100 of Canada's largest companies, compared ...

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Harvard Business School Dean Offers Apology for the School’s Past Treatment of Women

Harvard Business School Dean Nitin Nohria offered a public apology for the school's treatment of women professors and students in the past.  Nohria noted that there were times when women at Harvard felt "disrespected, left out, and unloved by the school.  I'm sorry on behalf of the business school.  The ...

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United States: Ernst & Young Report on Diversity From the Boardroom to the C-Suite

An Ernst & Young report finds incremental changes in gender diversity continued across boardrooms and C-suites at US companies in 2013.  According to the report, incremental changes may be  "transformative over time: putting women on the board and in leadership roles drives further diversification — across gender, tenure and age ...

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United States: Report on Gender Diversity in Silicon Valley

Law firm Fenwick & West LLP published a report in December regarding gender diversity in the Silicon Valley.  Among its findings: In 2013, 19.9 percent of board members in S&P 100 companies were women, up from 10.9 percent in 1996 In 2013, women board members in the Silicon Valley 150 rose to ...

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United States: Boards of Directors Lag Behind in Naming Women

The Wall Street Journal reports that the United States falls behind other developed nations in naming women to its boards of directors, due in part to legal mandates or extensive voluntary efforts in other nations.  In the United States, women occupy only 16.9 percent of board seats at Fortune 500 ...

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Canada: The Push for Turnover in Canada’s Boardrooms

In its Board Games 2013 series, The Globe and Mail take a look at Canada's efforts to secure new talent in its boardrooms in the face of a slowdown in board turnover.  Canada's boards are aging: by 2010, 60 percent of directors in Canada were 61 or older. By contrast, ...

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Sweden: Considering Quota Legislation for Women Appointees to Corporate Boards

After finding that voluntary programs to increase the number of women appointed to corporate boards has failed to create more gender diversity, Sweden is considering quota legislation. Commenting on the possible legislation, Finance Minister Anders Borg said, "Companies must “much more carefully take a look at recruitments to boards this spring ...

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United States: Women comprise 14 percent of New Jersey board seats

According to a joint study commissioned by the Executive Women of New Jersey and Pricewaterhouse Coopers, women comprise 14 percent of the board seats in the state's public companies.  This figure is slightly above the U.S. average of 12 percent. For the full report, "A Seat at the Table: Celebrating Women ...

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