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Where Women Lead in Tampa Bay Boardrooms — and Where They Don’tTampa Bay Business Journal January 30, 2017
About 16.5 percent of the boardroom seats at Tampa Bay’s largest public companies are held by women.
That’s a gain from about a year ago, when women held 14.3 percent of the board seats at local firms, although Tampa Bay public companies as a group continue to lag the rest of the United States in female representation on their boards.
Nationally, women hold 19.7 percent of board seats at 810 U.S. companies in the 2020 Women on Boards index, bizwomen.com reported.
The organization aims to increase the percentage of women on U.S. company boards to at least 20 percent by the year 2020. Diversity is essential to good corporate governance and boards that reflect company stakeholders, including customers, employees and shareholders, create better shareholder value, the organization says.
Safr, the Ride-Hailing Service for Women, Is Officially LaunchingBostinno January 27, 2017
Stephanie Sonnabend, former CEO of Sonesta Hotels and a Safr board member, said in a statement that women have been held back from becoming drivers for ride-hailing services in the past because of concerns about safety. While the ride-hailing industry is a $9 billion market, women only comprise one-quarter of drivers and make 34 percent less than male drivers, the company said, though it did not provide any citations from where the statistics came from.
"Safr wants to change the paradigm in ride-sharing with a platform of women driving women, creating a safe and empowering opportunity for all women," Sonnabend, also co-founder of 2020 Women on Boards, said.
For drivers, Safr appears to be offering a unique financial benefit in the ride-hailing industry: actual equity in the company. The company said drivers will gain "an increased stake in the company commensurate with their hours of driving and number of driver referrals." In addition, the company will take a 10 percent commission for the first 1,000 drivers. The company said it will also provide a "package of financial planning and other supportive services to drivers that will further empower them to maximize their financial freedom."
For Women on Boards, 2016 was a Good YearBiz Women January 27, 2017
For 2020 Women on Boards, time is ticking to get women in the boardroom and 2016 was a step in the right direction.
The organization aims to increase the percentage of women on U.S. company boards to at least 20 percent by the year 2020. The group released its 2016 Gender Diversity Index report, and the goal is within reach.
At the 810 U.S. companies in 2020 Women on Board’s index, including Accenture, Bank of America and Chipotle, women hold 19.7 percent of board seats. That’s up from 18.8 percent in 2015 and 14.6 percent in 2011 when the organization was first founded.
Prioritizing Board DiversityNew York Law Journal January 25, 2017
In order to promote diversity in board composition, boards should become familiar with director search approaches to identify qualified candidates that would not otherwise come to the attention of the nominating committee. Executive search firms, public databases, and inquiries to organizations such as 2020 Women on Boards are a few of the ways that boards can find candidates that may be beyond their typical field of view. Organizations exist to help companies in their recruitment efforts. Crain's Detroit Business, for example, has compiled a database of qualified female director candidates in Michigan, who are invited to apply and are vetted for inclusion. Boards may wish to commit to including individuals with diverse backgrounds in the pool of qualified candidates for each vacancy to be filled.
The Hartford Named To 2017 Bloomberg Financial Services Gender-Equality IndexBusiness Wire January 24, 2017
The Hartford is committed to building an inclusive and engaging culture, where people are respected for who they are, recognized for how they contribute and celebrated for what they can become. The company has focused investments in talent development initiatives related to diversity and inclusion strategies, which include training, mentoring programs, and programming from the company’s eight employee resource groups, including its Professional Women’s Network. The Hartford has been named a 2020 Women on Boards Winning Company, in recognition of its representation of women on its board of directors.
Gender Lens InvestingFinancial Advisor January 9, 2017
The term “gender lens investing,” first used back in 2009, isn’t receiving as many blank stares as it did in its early days. But even investors who’ve heard of it may not realize, based on its name, that it incorporates multiple lenses.
A gender lens often looks at investments by taking into account target companies’ policies toward females. How many women are in a company’s C suite? How many are on its corporate board? Has the company closed the gender pay gap? Offered mentoring or career advancement to women—with family leave and other gender-based initiatives?
In other cases, a gender lens means making sure companies protect the women in their supply chains from human rights abuses. Or it refers to microfinance and community development investment vehicles that directly benefit women and girls.
Dozens of Boards Excluded Women for YearsThe Wall Street Journal December 27, 2016
Glass ceilings are shattering all over—except in the boardrooms of 76 U.S. public companies that have had no female directors for the entire past decade.
Profits may Rise with More Women as Board MembersMiami Herald November 28, 2016
Re the Nov. 16 article “Women board members in Florida reach 20 percent mark”: It is fantastic that 20 percent of companies in Florida have women on their boards.
The story says: “Florida’s major public and private companies added three women to their boards this year, for a total of 53 women board members compared with 50 a year ago, according to a report by 2020 Women on Boards.”
That’s 20 percent of companies in the state with women on their boards, up from 18.7 percent in 2015, according to 2020 Women on Boards, a national organization that has been advocating for at least 20 percent representation by women on corporate boards by the year 2020.
Otterbein to Encourage Women in LeadershipWesterville News & Public Opinion November 26, 2016
For one November day, Otterbein University will serve as the hub connecting women in leadership in central Ohio.
On Nov. 17, the university will host 2020 Women on Boards: The National Conversation on Board Diversity, a national campaign to increase the percentage of women on U.S. company boards to 20 percent or greater by the year 2020.
The group created a Gender Diversity Directory, a database of more than 1,800 public and private companies categorized by the gender composition of their boards, and publishes the 2020 Gender Diversity Index, an annual analysis of trends in the board composition of Fortune 1000 companies.
The campaign will host events across the country Nov. 17, and was established in 2010. Since the campaign's inception, central Ohio had never hosted an event, and Otterbein President Kathy Krendl said she thought Otterbein was the perfect place to begin.
"We work so closely with a number of women's groups, and we talked about it, and a number of them were saying Otterbein would be a logical place to do this," she said.
North Carolina Corporate Boards Making Progress on DiversityBizJournal November 15, 2016
North Carolina is making progress when it comes to diversifying its corporate boards. Women now hold 18.8 percent of corporate board seats in the state — up from 16.6 percent in 2015, according to the 2020 Women on Boards 2016 Gender Diversity Index report.
Nationally, women hold 19.7 percent of the board seats at 810 companies included in the index, up from 18.8 percent in 2015 and 14.6 percent in 2011. That’s good news for the 2020 Women on Boards national campaign, which is determined to increase the percentage of women on U.S. company boards to 20 percent or greater by the year 2020.
Mind Your Own Business: Nov. 17 Forum will Promote Women on BoardsThe Oklahoman October 31, 2016
Women hold fewer than 20 percent of seats on the boards of Fortune 1000 companies.
To help change that inadequate representation, female executives in Oklahoma City are gathering at a forum 7:30 a.m. to noon, Nov. 17 at the Meinders School of Business at Oklahoma City University. The local event dovetails with the fifth annual national conversation on board diversity of the Boston-based 2020 Women on Boards national campaign to increase the percentage of women on boards to 20 percent by the year 2020.
“Together we're raising public awareness about the importance of gender diversity on company boards and giving board-ready women the career advice they need to land a board seat,” Oklahoma City chairwoman Donna Miller said.
What is Holding Back Corporates from Hiring More Women on their BoardsFirstPost October 13, 2016
The 2013 Companies Act by the Securities and Exchange Board of India (Sebi) mandated that all listed companies have at least one woman director on their Board of Directors by 31 March 2015. So why is it that even after nearly two years and a deadline extension of six months and the threat of a hefty fine — of Rs 1,42,000 for non-compliance after the deadline of 1 October 2015, and a daily fine of Rs 5,000 per day of non-compliance thereafter — the number of companies without a woman director is still at 61?
We know that there are unfair assumptions about women in senior positions of management (take the myth of the catty woman), but new data based on studies conducted on companies in the US disprove some of these. For instance, there is the assumption that even if women do get on boards, they will bare claws and get territorial as hell. A mid-year report by 2020 Women on Boards, also in the US, demolished the myth of ‘Queen Bee syndrome’ and found that companies with women in leadership positions like CEOs or Board Chairs were likely to include more women. A Credit Suisse report published in September 2014 found that companies with women on their boards showed better financial performance.
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