Corporations

The largest companies in the U.S. – those with gross annual revenues of at least $20 billion – report a larger representation of women and other underrepresented groups on their boards of directors. Seventy percent have at least two women and 53 percent have two or more directors from underrepresented groups. Women managers, however, are increasingly opting out of high-end careers when companies fail to meet their professional needs and goals. Fewer than 15 percent of Fortune 500 officers and directors are women, and graduate business schools (unlike law and medical schools) have far fewer women than men applicants. NCRW is supporting efforts to make the corporate environment more welcoming and the career ladder more accessible to women and people of color.

Is Board Diversity Important for Firm Performance and Board Independence?: An exploratory study of Singapore Listed Company

Following the 1997 Asian financial crisis and the spate of corporate frauds and accounting scandals such as Enron, WorldCom, Parmalat, Satyam and China Aviation Oil (Singapore), there has been considerable research about the effectiveness of the board of directors in the corporate governance of firms. There are strong conceptual and business propositions for greater board diversity. In the corporate world, there has been anecdotal evidence from some large corporations such as IBM, Ford Motor, Nortel, Lucent, Sara Lee, Texaco, and DuPont that diversity at every level of the work force tothe board of directors of firms have been cited as an imperative for business success.

URL: 
http://www.mas.gov.sg/resource/publications/staff_papers/Staff%20Paper%20No.52.pdf

Women Senior Management Appointments: CEW & Dun & Bradstreet Data: May 2012

A survey of Australian CEOs from Dun and Bradstreet and Chief Executive Women (CEW).

The data was collated from Dun and Bradstreet’s monthly Business Expectation Survey of 1,200 chief executive officers over a three-month period Q3-Q4 2011.The data reflects CEO’s answers to two key questions about women senior management
appointments.

The survey showed that:

• over 75 per cent of small firms did not intend to appoint a female to a senior management position in the next three months. Over 65 per cent of small to medium size firms were not mandating that female candidates be short listed for senior management roles.

• 22% of corporates said that in the last three months or next three months they have appointed or intend to appoint at least one female to a senior management position. This proportion is approximately the same across all industry groups.

URL: 
https://www.cew.org.au/wp-content/uploads/2012/05/Media-Dun-Bradstreet-Survey-Data-Sept-Nov-2011-DunnBradstreetWomen-Senior-Management-Appointments.pdf

Harvey Nash CIO Survey 2012

The number of US women in Chief Information Officer (CIO) positions has decreased since 2010, according to a survey (PDF)  released by Harvey Nash USA this week.  In 2010, 12 percent of CIOs were women.  That number dropped to 11 percent in 2011 and is down to 9 percent this year.
 
The report finds that one third of US CIOs say that within their IT organizations there are no women in management level positions.  52% of US CIOs report that women are underrepresented in their IT organizations, according to the survey.
 
(from the FMF news feed)
URL: 
http://media.harveynash.com/usa/mediacenter/2012_US_CIO_Survey.pdf

Women on boards: one year on

 Lord Davies has published the first annual progress report on his ground-breaking review of Women on Boards.

URL: 
http://www.bis.gov.uk/news/topstories/2012/Mar/women-on-boards-one-year-on
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