Posts tagged ‘HBR’

What Europe Can Teach the US (and Beyond?) About Gender in the Boardroom

“Smart organizations understand that in these tough economic times, no one can afford to curtail or shut out top talent, no matter their gender or ethnicity.”    A Harvard Business Review look at women leaders in business.

What Europe Can Teach the US About Gender in the Boardroom

by Sylvia Ann Hewlett  |  10:03 AM September 12, 2012

As the U.S. presidential campaign moves into its final months, newspapers are full of promises from both candidates. But there’s promising news from Europe that’s also worth attention.

A proposal being drafted by the European Commission and expected to be formally introduced next month by Viviane Reding, EU Commissioner for Justice, Fundamental Rights, and Citizenship, would force euro-zone companies larger than 250 employees or with more than €50 million in annual revenues to reserve at least 40% of their nonexecutive director board seats for women by 2020 or face fines and other sanctions…

Smart organizations understand that in these tough economic times, no one can afford to curtail or shut out top talent, no matter their gender or ethnicity. A McKinsey study found that across all industry sectors, companies with the most women on their boards of directors significantly and consistently outperform those with no female representation: by 41% in terms of return on equity and by 56% in terms of operating results. In other words, diversity — especially gender diversity — unlocks growth.

Read the full article: http://blogs.hbr.org/hbr/hewlett/2012/09/what_europe_can_teach_the_us_about_gender_in_the_boardroom.html

September 17, 2012 at 1:12 pm Leave a comment

“Gender Balance is an Investor Issue Too” by @A_WittenbergCox in @HarvardBiz @2020WOB #hwhtw

In this HBR post, Avivah Wittenberg-Cox says we should “harness the power of investors” to improve the gender balance on corporate boards.

“New York City’s public pension fund has just nudged Goldman Sachs and MetLife to disclose their gender balance stats. To quote John Liu, the city’s comptroller: ‘without quantitative disclosure, shareholders have no way to evaluate the effectiveness of these efforts.’

“But very few companies actually publish their gender statistics, and certainly not anything more explicit than an aggregate ‘women in management’ number (which means they can all be first line managers). They much prefer publishing the wonderful initiatives they undertake in support of women in leadership, rather than the actual result of their efforts on the gender balance at the three levels below the CEO.”

Read the full article: http://blogs.hbr.org/cs/2012/05/gender_balance_is_an_investor.html?awid=8294541716442270676-3271

May 20, 2012 at 12:15 pm Leave a comment


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