women on boards; business success; board diversity; Penny Pritzker

Five Steps to Greatness: Commerce Secretary Pritzker on How to Create a Diversified Board

Commerce Secretary Pritzker has weighed in with her thoughts on the importance on women having a voice in corporate leadership.  "When women have a seat in the boardroom, American business succeeds."
 
Here are her five steps to expanding the number of women directors:
 
1.  Change starts at the top which means men and senior leadership must be active in their support.
 
2.  Recruitment of women cannot be left to chance.  Rather, boards must develop deliberate, measured recruitment strategies.  For example, "One woman per candidate pool." 
 
3.  Companies should review internal structural and policy issues for increased representation and advancement of women at all levels. 
 
4.  Companies should ensure equal opportunities for mentoring and professional development for all workers, women and men.
 
5.  Companies must measure and disclose their diversity statistics.
 
 
U.S. Secretary of Commerce Penny Pritzker delivered remarks at the Global Conference on Women in the Boardroom, hosted by the Johns Hopkins University’s Paul H. Nitze School of Advanced International Studies (SAIS). In her remarks, Secretary Pritzker addressed the urgent need to boost our companies’ economic competitiveness by bringing more women into corporate leadership.  Read the full speech here.  

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