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Tampa Bay Business Journal for February 5, 2016: Buccaneers Raising Season Ticket Prices for 2016Tampa Bay Business Journal February 5, 2016
North Venice window and door manufacturer PGT Industries recently added Sheree Bargabos to its board of directors. According to the advocacy group 2020 Women on Boards, the company was among the handful of Tampa Bay companies with no women on their boards.
Bargabos is a former Fortune 500 executive. She spent a decade as President of Owen Corning's Roofing and Asphalt division and then two years as Owen Corning's Vice President of Customer Experience for Roofing.
Alexis says addition of Bargabos to PGT may not seem important, but it is indicative of a change corporate culture where diversity in upper management in not only appreciated, but wanted.
Apple Has Rejected a Diversity ProposalGadget Gestures January 16, 2016
The executive team of Apple is made out of 18 members, of which only 3 members are women and one member is black. The board is made out of 8 members, of which only two members are women and one member is black.
The company’s officials said that the proposal is not necessary, since diversity and inclusion are the main values of Apple. Even though the number of women and black people decreased in 2015, Apple claimed that the company has been hiring more minorities and women than ever before.
According to Malli Gero, the president of the 2020 Women on Boards advocacy group, big companies like Apple should be more diverse, especially as many smaller companies lead by example. She also stated that giving the fact Apple has rejected a diversity proposal and that the lack of diversity is still a problem of the company, more action should be taken towards accomplishing better results in 2016.
Women May not Reach Boardroom Parity for Decades, Report SaysThe Boston Globe January 6, 2016
Women held about 16 percent of board seats in the S&P 1500 in 2014, up from 8 percent in 1997.
“There are ways we can move faster,” said Susan Stautberg, chairman and chief executive of the Women Corporate Directors Foundation, which advocates for more women board members. “We can set goals, we can focus on mentorships and succession. You can’t just sit back and play it safe anymore.”
European countries, including Sweden and France, have imposed quotas to get more women on boards, and the United Kingdom has moved the needle with a nonbinding push from the government and public commitments by corporate chairmen.
The United States has resisted regulation to speed up gender equality on boards. More than 350 of 1,846 public companies have no women, and another 628 have only one, according to 2020 Women on Boards, a Boston group.
A Former Microsoft Ventures Director Explains how Women make Boardrooms more ProductiveBusiness Insider December 2, 2015
When women enter the boardroom and engage in high-level discussions, there is an immediate and positive change in productivity, says Xero general manager and former Microsoft Ventures director James Maiocco.
The tech veteran is an outspoken supporter of female entrepreneurship and regularly volunteers his time to organisations like Women 2.0, a group that advocates diversity among employees, entrepreneurs, and investors in technology.
In his experience, Maiocco says executive conversations with women at the table “tend to be more professional and have better outcomes.”
He admits that men have a tendency to engage in elbow rubbing and locker room talk that at times can be unprofessional and unproductive, but says when women join the team, much of that unproductive behaviour disappears.
“With women and other diverse backgrounds at the table it brings a level of transparency and accountability,” Maiocco says. “We have jobs with a lot of responsibility and obligation. We should not be acting like kids in a locker room, and we should be getting down to business.”
Women are still dramatically underrepresented on boards, however. They hold just 18.8% of board seats at major American companies, according to the 2020 Women On Boards gender diversity index. In fact, there are 10 companies in the S&P 500, including Garmin and Discovery Communications, that still do not have any female board members.
What HSN’s Mindy Grossman has to Say about the 'Boys' Club' in the Corporate BoardroomTampa Bay Business Journal November 30, 2015
Grossman was among the half-dozen panelists who took part in a discussion of “How CEOs can champion change,” with Judy Woodruff of PBS NewsHour serving as moderator, a press release said.
The event honored S&P and Fortune 1000 companies with at least 20 percent female representation on their corporate boards, with special recognition to companies that have at least 40 percent of board seats held by women. HSN (NASDAQ: HSNI), a multichannel retailer in St. Petersburg, is the only company from the Tampa Bay area to hit the 40 percent level, according to a recent report from the advocacy group 2020 Women on Boards. Nationally, women hold 18.8 percent of board seats, while the percentage of board seats held by women at Tampa Bay’s largest public companies is 14.3 percent.
Companies with more women board directors experience higher financial performance, the Forbes report said. Women’s Forum of New York’s goal is gender parity in the boardroom by 2025.
Ryan, Didomenico Vote for Resolution To Encourage Corporate Gender DiversityCharlestown Patriot-Bridge November 26, 2015
The Women on Boards resolution had 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.
The Sneak Attack that could Change the Sad Stats about Women on BoardsChicago Business Journal November 25, 2015
It’s a sneak attack, with the best of intentions.
On the 20 th of every month, the grassroots advocacy organization 2020 Women on Boards sends out a call to action to its supporters, which total 7,764 to date.
The ask depends on the month — and sometimes it’s lovely. A request for all those 7,764 supporters to send emails of congratulations to those diversity-happy companies with boards that are at least 20 percent female.
But we know the sad truth: Most companies haven’t earned that designation. So usually the monthly ask is a little more aggressive: To flood the email accounts of a company that does not have any women on its board with two simple questions: Why not — and when is that going to change?
Malli Gero, the co-founder of 2020 Women on Boards, recently told a group of female executives at a meeting in Charlotte about the email blasts that went out in August.
The note informed supporters that Zillow Group (NASDAQ: ZG) was one of those companies with zero women on its board of directors. And it asked them to bombard the company with emails on one specific day, calling for that sad statistic to change.
Women as Directors, Optimism for 2016, Cybersecurity ResourcesPortland Press Herald November 24, 2015
An impressive array of women gathered Thursday at the University of Southern Maine to learn how to land a seat on a board of directors. The event in Portland was part of a national initiative called Women on Board 20/20 – a reference to achieving board diversity of 20 percent women by 2020.
Based on an analysis of Fortune 1000 companies, women hold 17.9 percent of board seats. But the rate drops dramatically for smaller companies.
Looking at the handful of publicly traded companies in Maine, women make up 25 percent of directors, according to data presented at the event organized by entrepreneur Susan Dench. But there’s a lot of room for improvement.
Speakers Don Gooding of the Maine Center for Entrepreneurial Development, Sandra Stone, former chairwoman of Maine Angels, Terry Sutton, chief operating officer of Davo Technologies, and Mike Heffernan, CEO of Mobiquity, emphasized how much companies and nonprofits benefit when there’s conflict and diversity on a board – a combination that produces “creative abrasion,” which challenges the status quo and heightens accountability.
Experts Provide Strategies for Joining Boards of DirectorsNews@Northeastern November 23, 2015
11/19/15 - BOSTON, MA. - Scenes during the Women Who Inspire Speaker Series event: Recruiting Beyond the C-Suite: How do Winning Companies Recruit to Maximize Board Effectiveness? held in the Raytheon Amphitheater at Northeastern University on Nov. 19, 2015. Panelists included: Michelle Stacy, Board Director, iRobotCorp, Tervis Tumbler, Young Innovations, Inc., Corvine, Michael Jeans, Board Director, AMICA Insurance, Ellen Richstone, Board Director BioAmber & eMagin, and moderator Priscilla H. Douglas, Ed'70, MEd'74, Executive Coach & Author P.H. Douglas Associates.
Wisdom, warmth, and humor flowed on Thursday morning when three distinguished panelists sat down in the Egan Research Center to discuss strategies for women who want to join boards of directors of public, private, and nonprofit companies. Moderated by top executive coach Priscilla H. Douglas, CPS’70, MEd’74, the session helped audience members explore not just what companies look for in board directors but how they can prepare for roles in these positions and assess what openings might be right for them.
“Joining a board is a two-way relationship,” said Michael Jeans, board director of AMICA Insurance and former president and chairman emeritus of New Directions Inc. “It’s about giving as well as receiving. It’s not ‘Here’s what I want’; it’s ‘Here’s what I can bring to the board.’”
The event, part of the Women who Inspire Speaker Series, was titled “Recruiting Beyond the C-Suite: How Do Winning Companies Recruit to Maximize Board Effectiveness?” It was co-hosted by the Boston Club, an organization dedicated to diversifying leadership at Fortune 500 companies, and 2020 Women on Boards, a national nonprofit created to raise the percentage of women on corporate boards to 20 percent by the year 2020.
In Nebraska and the Nation, the Push is On to add More Women to the BoardroomOmaha.com November 23, 2015
In the last decade, efforts to diversify corporate boards have sprung up: State declarations have been passed. How-to seminars for women who aspire to the boardroom have launched.
A nationwide group wants to put women in at least 20 percent of boardroom seats at larger companies by 2020.
Like many of the nation’s companies, Nebraska’s firms lag behind the 20 percent goal. Still, of 11 Nebraska companies on the Fortune 1000 list of the country’s biggest companies, at least four corporate boards already include 20 percent women or more: Berkshire Hathaway, Mutual of Omaha, Cabela’s and West Corp. ConAgra Foods is close with 17 percent. (Kiewit Corp., which is privately owned, doesn’t disclose its leadership structure, a company spokesman said.)
Charlotte Women Rally to Increase their Ranks on Corporate Boards in North CarolinaCharlotte Business Journal November 20, 2015
Jennifer Winstel has been talking about boardroom diversity for years.
Winstel, a financial advisor for Merrill Lynch, thinks there is much work to be done in Charlotte and throughout the state of North Carolina to bring more women to the table. That's why she set out to host an event in uptown Thursday to talk about the need for diversity on corporate boards.
Last year, Winstel led a boardroom training symposium in Charlotte. Bank of America’s Cathy Bessant took the stage to talk about her own experience on the board of the insurance company, Florida Blue. I attended the event and caught up with Bessant afterwards to talk about navigating the boardroom.
After that event, Winstel was ready to take the next step to make a difference in North Carolina.
She started on Google, searching different organizations working in this space and found 2020 Women on Boards. The organization's mission resonated: To increase the percentage of women on corporate boards to 20% or greater by 2020. She reached out to the co-founder of the organization, Malli Gero, who is based in Boston, and asked if the group had a Charlotte presence.
2020 Women on Boards Aims to get More Women RepresentationNext Pittsburgh November 19, 2015
Despite the amount of research showing that companies with diverse boards perform better than those without, the percentage of women on corporate boards remains low.
According to the 2020 Women on Boards initiative, last year, the percentage of women on U.S. company boards of Fortune 1000 companies was just 17.7 percent. While that’s up from 2013’s figure of 16.6 percent, it’s not good enough yet, 2020 contends, which is why it has set its sights on getting 20 percent female representation on company boards by the year 2020.
Carrie Coghill. CEO of Coghill Investment Strategies, says she doesn’t get frustrated by the conversation about female underrepresentation on corporate boards, even though it’s one that’s been ongoing for a while now.
“We’re trying to culturally change something; it’s like turning a huge ship,” Coghill says. “It’s going to take time.”
For the first time in its five-year history, the 2020 Women on Boards‘ National Conversation on Board Diversity will include a Pittsburgh event. Thousands of high-level executives will convene in 19 cities to consider this year’s strategic question: “Recruiting Beyond the C-Suite: Why and How Do Winning Companies Recruit to Maximize Board Effectiveness?”
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