In Asia, as in the rest of the world, board composition concerns have shifted from independence, to competencies, to commitment, and now to diversity. There is an increasing recognition that boards need to incorporate diversity considerations―particularly with regard to gender―when appointing directors.
Partner Lisa-Marie Monsanto is among the 30 women being celebrated by the National Council for Research on Women for their efforts to advance women’s issues, promote women's leadership and change the way the world views women and girls.
Partner Lisa-Marie Monsanto is among the 30 women being celebrated by the National Council for Research on Women for their efforts to advance women’s issues, promote women's leadership and change the way the world views women and girls. The honorees were recognized at the NCRW's annual Making a Difference for Women Awards Dinner held March 6 in New York. The NCRW is a network of leading research, policy and advocacy centers committed to improving the lives of women and girls. Ms. Monsanto was nominated by her peers for her outstanding work promoting women's leadership in the United States and abroad. In addition to serving on Katten's Committee on Racial and Ethnic Diversity, Ms. Monsanto is a member of the Board of Directors of the Rotary Club of Washington, D.C., a LEADer with Women’s World Banking and a member of the Leadership Circle of Women’s Foreign Policy Group. As a board member of The White House Project, she helped create its Washington, D.C. Leadership Circle, bringing together female leaders from the public and private sectors. Ms. Monsanto also serves on The White House Project's Corporate Council. Click hereto read more about the 30 Leaders Changing the Way the World Looks at Women.
“Women in the U.S. became 50 percent of college graduates in 1981,” Sandberg, 42, said at the Women in the World conference in New York. “In every industry, women have steadily made progress in the past 30 years -- except at the top, where, essentially, over the last 10 years, there hasn’t been progress.”
Sandberg has called gender inequality “this generation’s central moral problem,” citing the disparate amount of women with power both globally and in the U.S. The number of Fortune 500companies run by women fell to a dozen last year from 15 in 2010, according to the magazine’s rankings. In the U.S Congress, women hold just 89, or 17 percent, of 535 voting seats, data from the Congressional Research Service show.
Sandberg led a panel yesterday at the conference hosted byNewsweek and the Daily Beast that included Jill Abramson, 57, who replaced Bill Keller as the New York Times’ executive editor in September, and Gloria Steinem, the 77-year-old activist who spurred the contemporary women’s rights movement when she started Ms. Magazine 40 years ago. Cheryl Mills, counselor and chief of staff for Secretary of StateHillary Clinton, was also on the panel.
Abramson, the first female editor of the Times in its 160- year history, said she has been “obsessing” over how to ensure that young female editors or copy editors at the newspaper “get known.” Almost 40 percent of senior editors and managers in the newsroom are women, she said.
A week ago, Rep. Debbie Wasserman Schultz, chairwoman of the Democratic National Committee, went on Meet the Press, the top-rated Sunday talk show, to press the case that Republican opposition to insurance coverage of contraception is part of a broader GOP "war on women."
Virginia Rep. Eric Cantor, the House majority leader, argued on the program that the issue was one of religious freedom, not one of denying access to health care.
Republicans had been criticized 10 days earlier for holding a hearing on contraceptive coverage that lacked any women testifying. Yet there were no elected Republican women appearing on the political shows that Sunday to support the party'sposition. In politics, that's called "bad optics."
To be sure, the networks, not the parties, select guests for Sunday shows, and women of any political persuasion are underrepresented: They generally make up about one-fifth of guests. On Sunday, Rep. Marsha Blackburn, R-Tenn., appeared as part of the NBC program's roundtable discussion.
Last week's disparity illustrates a challenge the GOP faces in the "war on women" controversy and, come fall, in combating President Obama's strength among female voters: The party is in something of a rebuilding season for its roster of prominent spokeswomen.
Every five years, the U.S. Census completes an extensive Survey of Business Owners (SBO) that examines businesses by the gender of the business owner. This is the only comprehensive, regularly collected source of information on the economic and demographic characteristics of businesses across the country by gender, ethnicity, race, and veteran status. The SBO is authorized by Title 13 of the United States Code and responses are mandatory. The data on women-owned businesses provided by the Census is the main source of demographic information used by the NWBC.
The 2007 data was fully released in June 2011, so the NWBC commissioned a private research company to study this data in-depth. The data was analyzed by different characteristics to further expand the current understanding of women-owned businesses and to search for any interesting or unique findings that bear further study.
Men file far more patents than women do, but women are securing an increasing number of patents and trademarks, according to a recent study by the National Women’s Business Council, a government advisory panel.
In 2010, 22,984 patents were granted to women, a 35 percent jump over the previous year. The increase for men was only 28 percent.
“Overall, women held 18 percent of all patents granted in 2010, compared to the 14 percent they had a decade earlier. In 1990, they earned only 9 percent,” the study found.
Interestingly, the NWBC paper found that the highest rate of increase in the grant of patents to women was in the 1986-1993 period, and the slowest rate was in the 1999-2006 period, during the dot-com bubble.
The picture for trademarks was even better. Women nearly doubled their share of trademarks within a 30-year span.
Women now control more than half the spending power in the U.S. So why is venture capital—the engine that powers innovation—so cold to their ideas? A panel of women entrepreneurs addressed the problem at the summit.
“One of the biggest problems is that there are just no women in the rooms where the decisions are being made,” said Susan Lyne, CEO of Gilt Groupe. “It’s simple calculus," said Lyne, who formerly ran Martha Stewart's OmniLiving Media and is now readying Gilt, a flash sale intenet site, for an IPO. “If you have a room filled with men, the ideas they’re going to want to finance are the ideas that appeal to men.”
Candace Browning, head of global research for Bank of America, called such thinking “completely out of touch with the reality.” A report she recently released advised clients to invest in businesses that harness the purchasing power of the 30- to 39-year-old women and women in the 60-plus age bracket. “That is where the growth really is."
Amanda Steinberg, CEO of DailyWorth, a firm that aims to be a Kiplinger's for women, said she had raised $3 million to finance her efforts, $2 million of which came from women who had never before invested in a start-up.