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2020 Women on Boards Tackles Challenges of Female DirectorsChicago Tribune August 11, 2015
When Liz Dolan wrote in June that gender bias forced her to quit her director seat at Quicksilver, she crystallized the problem that Judi Spaletto is tackling. Dolan wrote that other board members had excluded her — the company’s only female director — from a decision to fire the company’s CEO.
Spaletto is founder and chair of the Chicago committee for 2020 Women on Boards. The campaign wants to boost the percentage of women on corporate boards to 20 percent or more by 2020.
She shares fresh results from an informal poll she led on Dolan’s resignation and how it reveals a deeper challenge once women get in the boardroom.
Workplace Mentoring Boosts Careers, Skills and RetentionMiami Herald August 2, 2015
Finding mentors can be more challenging mid-career, but also more critical in choosing paths to advancement or opportunities to pursue. Malli Gero, co-founder and president of the nonprofit 2020 Women on Boards, said anyone looking to reach a high level must seek out someone to open doors for him or her: “It’s as simple as asking.” Eileen Elias, a senior policy advisor for JBS International and author of a series of articles on women in leadership, said that mid-level women, in particular, are reluctant to ask for mentors and need to get past that hesitation. She recommended a complete self-review to identify gaps. “Consider where you are now, where want to be, who can help you get there, who is in your network and who has attained what you are seeking,” Elias said. Then, reach out to that person and say, “I am seeking a mentor. I have watched you. I think you are impactful. I want to learn from you.”
Indeed, Alfredo Picardi said he willingly mentors others when they show an interest in learning and receptiveness to his guidance. Picardi, corporate director of food and beverage at JW Marriott Marquis Miami, mentors a handful of junior employees at his hotel, and after many years, he has created a network of mentees who are now key decision-makers within the hospitality community: “I’m not an easy boss, I can be tough and detail-oriented, but I notice when someone is interested in advancement.” The key component in the mentoring relationship is trust, he said: “They have to feel they can trust you to help them fix a problem and support them when they make mistakes.” A good mentoring relationship can be time-consuming, he said. But it also can prove advantageous: “It creates loyal relationships.”
Massachusetts Senate Passes Resolution to Encourage Corporate Gender DiversityFramingham Patch July 31, 2015
Senator Spilka filed the Women on Boards resolution with support from 62 co-sponsors in the legislature, the Alliance for Business Leadership, 2020 Women on Boards, local advocates and business leaders.
The legislation encourages privately held and publicly traded companies in Massachusetts to:
Adopt policies and practices designed to increase the gender diversity in their boards of directors and senior management groups and set goals by which to measure their progress;
Publicly disclose the number of women and total number of individuals on their boards of directors; and
Have a minimum of three women directors on boards of nine or more and a minimum of two women directors on boards with fewer than nine directors by December 31, 2018 AND measure their progress toward a goal of equal representation of men and women in leadership positions on an annual basis.
Senator Spilka Testifies on Bills for Women's Health, Equality and OpportunityFramingham Patch July 25, 2015
Senator Karen E. Spilka, a Democrat from Ashland who represents Framingham, testified at the State House in support of three important pieces of legislation to ensure equality and justice for women in Massachusetts.
The Joint Committee on Labor and Workforce Development heard testimony on Senator Spilka’s Women on Boards Resolution and the Equal Pay Bill, bills that would encourage equitable and diverse gender representation on boards of directors in Massachusetts and help to bridge the gender wage gap. The Joint Committee on Financial Services heard testimony on Senator Spilka’s bill to protect access to confidential health care, the PATCH Act.
The Women on Boards Resolution is a non-binding resolution to encourage companies to increase the number of women on their boards of directors and in their senior management ranks. California and Illinois have passed similar resolutions to improve gender diversity on boards in those states.
Boston Private Announces New Appointment to Board of DirectorsMarketWatch July 2, 2015
BOSTON, Jul 02, 2015 (BUSINESS WIRE) -- Boston Private Financial Holdings, Inc. BPFH, -0.87% (the "Company" or "BPFH") today announced the appointment of Lizabeth H. Zlatkus to its Board of Directors. Ms. Zlatkus was also elected to the Board of Directors of Boston Private Bank & Trust Company, a wholly owned subsidiary of the Company.
"We are pleased to welcome Liz to our Board of Directors," said Stephen M. Waters, Chairman of the Board of Directors of the Company and the Bank. “Liz brings extensive experience in the financial services arena where she has played pivotal roles in regulation and governance, and has deep experience in finance and risk management matters. She is a financial expert who has served as the Chief Financial Officer and Chief Risk Officer at The Hartford Financial Services Group. We believe her experience in these areas will be valuable to our Company as we continue to pursue our strategy to become a premier wealth management and private banking company in our target markets.”
Clayton G. Deutsch, BPFH Chief Executive, stated “Over the past year, we have been fortunate to add exceptional talent to our Board. With Liz as our newest member, we have further strengthened our expertise in audit and risk management, with a specific focus on the financial services industry. Liz is also very active in community organizations, and has expertise in leading large scale technology projects, including software and hardware initiatives. Her experience on a FTSE 100 Board, and as a senior executive of a US Fortune 100 company, will be a key asset for our Company as we drive our overall strategy. With the addition of Liz to our Board, we are also continuing our commitment to the 2020 Women on Boards campaign, where we now have a Board that is comprised of 40% women. We are delighted that Liz agreed to join us as we move forward.”
U.S. Companies Take Grassroots Approach when it Comes to Ensuring Gender Equity on Corporate BoardsPittsburgh Post-Gazette June 28, 2015
Among public companies in the Pittsburgh region ranked by the number of women on their boards of directors, the top spot belongs to Siemens — a German maker of industrial equipment and automated technologies with about 1,600 employees in and around the city.
Siemens has six female board members. Two other large international companies with a significant presence here, Bayer and GlaxoSmithKline, have four women directors apiece.
Only two Pittsburgh companies have as many: Mylan and PNC Financial Services. Verizon Communications, based in New Jersey but with major operations here, also counts four women on its board. Another dozen companies on the Post-Gazette Top 50 index of publicly-traded companies have three, while the rest have two or fewer, including eight firms with none at all.
Elusive Target: Women Securing Board ChairmanshipsHunt Scanlon Media June 19, 2015
According to the most recent 'Women in the Boardroom: A Global Perspective' report by Deloitte, representation of women on corporate boards continues to increase, but the number of women leading boards still remains low globally. Overall, women now hold 12 percent of seats worldwide with only four percent chairing boards.
European countries continue to lead on gender diversity in the boardroom, with Norway, France, Sweden and Italy among the countries with the highest percentage of women serving on boards. Regionally, countries in the Americas and Asia-Pacific have progressed the least. With respect to women chairs, the three regions have approximately the same percentage: EMEA (five percent), the Americas (four percent) and Asia-Pacific (four percent).
Navient Receives Best Board Diversity Initiative AwardGlobeNewswire June 19, 2015
Navient proudly received the award for Best Board Diversity Initiative at last night's New York Stock Exchange 2015 Governance, Risk and Compliance Leadership Awards. The Leadership Awards recognize "outstanding companies and individuals who have demonstrated noteworthy efforts in the areas of governance, risk, and compliance," and "underscore the role that corporate governance plays in dictating a company's success and a board's contribution to long-term value," according to the NYSE Governance Services.
The Best Board Diversity Initiative award recognizes Navient for its strong commitment to implementing and carrying out a successful program that promotes a broad definition of diversity at the board level and serves as a beacon to other public companies.
KAR Recognized as a W Company by 2020 Women on BoardsAuto Remarketing May 12, 2015
“The KAR group of companies is committed to creating an empowered, diverse environment for our more than 12,000 employees worldwide,” CEO Jim Hallett said. “We are proud of this recognition, and honored to have so many outstanding women professionals leading our board and teams.”
New German Law: A woman's place should be on corporate boardsUSA Today May 4, 2015
"Women make up 5.4% of the 200 top companies' executive boards [in Germany]. In the United States, among Fortune 500 companies, women held 19% of board seats last year — up from 16.4% in 2011, according to the advocacy group 2020 Women on Boards."
Gender Diversity in the BoardroomEquilar April 2, 2015
In recent years, the topic of gender diversity in corporate boardrooms has made its way to the forefront of governance discussions. Advocates of gender diversity on boards state that diverse backgrounds lead to an inclusive and collaborative environment that is essential to good governance, better financial performance, increased innovation and improvements in opportunities for women.
Corporations, Especially Media and Tech Companies, Should Clearly Commit to Gender Equality and Get Gender CertifiedHuffington Post March 12, 2015
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