Could legislation help boost women on boards?

The Washington Post:

For years, the statistics have been glacial and disheartening. The percentage of women in the board rooms of the largest U.S. companies has crept up from 15 percent in 2005 to about 20 percent a full decade later.

To try and change that dynamic in Corporate America’s halls of power, investors have pushed companies to disclose more about diversity and add more women and minorities. Advocates have created databases of qualified women to fill director seats. Organizations ranging from major financial firms to executive recruiting shops have run study after study that both highlight the bottom-line benefits of greater board diversity and draw attention to the low numbers. – more – https://www.washingtonpost.com/news/on-leadership/wp/2016/01/11/could-legislation-help-boost-women-on-boards-2/?utm_term=.0a69b7f869ba

Women on Boards

Women are well established in professions like medicine, law and banking. They’ve advanced to the top of prominent companies, including General Motors, GlaxoSmithKline, Pepsico and IBM. Yet a gap remains: corporate boards. Men hold about 80 percent of all S&P 500 board seats and growth in female representation has slowed. European countries and companies have instituted formal mandates, sometimes backed by fines, to narrow a similar corporate-board gender gap. Then there’s Asia, where women are virtually absent from boards, holding 10.2 percent of seats in a 2016 study of 100 companies. – more – https://www.bloomberg.com/quicktake/women-boards by Laura Colby

Creating An Employee Executive Board Will Close the Gender Gap in Business by Kristy Wallace

Women make up half of the global population, contribute $7 trillion in US consumer and business spending and drive 85% of all consumer purchasing. That’s pretty awesome.

But the power of women in the economy isn’t translating to the workplace. While women represent 47% of the US workforce, we hold less than 20% of Fortune 500 Board seats, 14% of the top five leadership positions at the companies in the S&P 500 and 4% of S&P 500 CEO spots. There are even more men named John running large corporations than there are women CEOs. -more- http://www.huffingtonpost.com/kristy-wallace/creating-an-employee-exec_b_9409200.html

WEL Florida Memberships Supports Foster Care Youth Transitioning Into Adulthood

Children’s Harbor Wardrobe Donations

Children’s Harbor is a not for profit organization that helps keep siblings together in the foster care system. They have recently acquired another organization which supports children that are aging out of the foster care system but are still in school. They provide them housing and the tools to get jobs, while they finish their education.

Members of our organization are volunteering their time to coach these young adults in interviewing skills. As part of the process the organization offers a “boutique” they have where people have donated slightly used clothes that will give the 18-22 year olds the appropriate attire to interview in.

WEL’s membership is made up of successful women who change their wardrobes frequently and this is a great place for members to consider donating their good work clothes.

Drop Off Information

Members can drop off the clothing at Brown’s Harbor between 10am and 6pm Monday through Friday. The address is 925 SW 83rd Ave Pembroke Pines, FL 33025. They can contact the site manager, ScounDrel Oliver office  (954) 989-6403 or cell (954) 225-2531.

Thank you so much for helping former foster care youth transition to adulthood.

Although Boardroom Diversity Is Increasing, Women Remain Underrepresented

Looking at more than 3,000 global companies, Credit Suisse found that women held 14.7% of board seats in 2015.1

  • This was up 54% since 2010.2

Out of the 4,218 companies covered in MSCI’s study, women held 15% of board seats.3

  • This is up from 12.4% the previous year.4

Of those companies, 73.5% had at least one woman director.5

  • Only 20.1% had boards with at least three women.6

In Deloitte’s analysis of nearly 6,000 companies in 49 countries, women held 12% of board seats.7

  • Only 4% of board chair positions were held by women.8

Read More

We’re Making Little Progress Getting Women on Boards

The glass ceiling for women on corporate boards does not appear to be budging.

Women held one in every five board seats at S&P 500 companies last year, or 19.9%, according to a survey from Catalyst, a research group that tracks executive women. That was only a slight increase from 19.2% the year before.

“Men continue to be overrepresented, holding more than their fair share of board seats and, in some cases, all the board seats,” Deborah Gillis, president and CEO of Catalyst, said in a statement. Read more

Here’s Why the Defiant Girl Statue in Front of the Wall Street Bull Is So Important

State Street Global Advisors installed the statue, sculpted by artist Kristen Visbal of Delaware, on the eve of International Women’s Day to serve as the visual component of the money manager’s new commitment to gender parity in corporate boardrooms. The firm, with roughly $2.5 trillion under management, announced Tuesday that it would pressure 3,500 companies worth $30 trillion in market cap to aim for gender parity on their boards.

Read more

Women in the Workplace 2017

Gender equality still has a long way to go in terms of closing the gap in advancement between men and women in the workplace. According to a 2016 report conducted by McKinsey and LeanIn.org, only about 19 percent of C-suite executives are female. To promote the advancement of women in the workplace, companies should make sure that senior leadership is accountable for communicating that gender diversity is a top priority.

 

The Financial Community is Recognizing the Value of Women on Boards

A growing body of research shows that having three women on a corporate board represents a “tipping point” in terms of influence, which is reflected in financial performance. The financial community is recognizing the value of women on boards and has recently even come out with investment ideas that are geared to take advantage of this trend.  Read more in this article by MSCI, including interesting data around the five-year earnings per share (EPS) by number of women directors.

https://www.msci.com/www/blog-posts/the-tipping-point-women-on/0538249725