forbes. women on boards

Earth to tech companies: Where are the women?

Last week, Groupon, the sassy, young, deal-of-the-day website, went public in the tradition of VC-funded technology companies, with just a single woman on its board. Of six eagerly anticipated tech IPOs this year, one company has two women directors (W), two companies have one woman director (T) and three have no women (Z). Here's the breakdown:

Hello New York

Start spreading the news ...  2020 Women on Boards launched its New York chapter at a full house event featuring CNN's Soledad O'Brien.  We presented the numbers from the 2020 Gender Diversity Index, and here's what we know: Add 100 women (give or take a few) to the boards of the 94 New York based Fortune 1000 companies and they all reach the 20% campaign benchmark. If everyone at the New York launch put forward the name of one qualified woman, we'd have it covered.

 Of the 94 companies on the New York list, 33% are Winning "W" Companies; 36% are Very Close "V" Companies; 17% are Token "T" Companies and 14% are Zero "Z" Companies. Compare this to the national F1000 figures (W=29%; V= 20%; T = 33% and Z = 18%) and the New York numbers look better than average.

 Our research tells us that larger companies have more women directors than smaller companies. Avon, a New York company with 50% women directors, makes the numbers look particularly good.

 We are working with our New York affiliates to grow the campaign and step-up the progress. Our New York affiliates include 85 Broads, Catalyst, High Water Women, National Council for Research on Women; Responsible Endowment Coalition, The Transition Network; Women Corporate Directors, Women's Forum of New York, and Women's Presidents' Organization.

 If you live in New York and want to join the campaign, log onto 2020wob.comand register your support. On the 20th of each month you'll get a 2020 Challenge asking you to take action to congratulate a W Company or encourage a V,T or Z to do better.  One thing's for sure. We can't do it without you.

 C'mon New York. Get with the 2020 program and join the campaign. Together we can make it happen!

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