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.

Discussion Paper - Deutsche Bundesbank: Executive board composition and bank risk taking

 Little is known about how socioeconomic characteristics of executive teams affect corporate governance in banking. Exploiting a unique dataset, we show how age, gender, and education composition of executive teams affect risk taking of financial institutions. First, we establish that age, gender, and education jointly affect the variability of bank performance. Second, we use
difference-in-difference estimations that focus exclusively on mandatory executive retirements and find that younger executive teams increase risk taking, as do board changes that result in a higher proportion of female executives. In contrast, if board changes increase the representation of executives holding Ph.D. degrees, risk taking declines.

URL: 
http://www.bundesbank.de/download/volkswirtschaft/dkp/2012/201203dkp.pdf

Expert Profile

Location: 
United States
40° 45' 33.8184" N, 73° 58' 11.208" W

Deborah Hopkins is Chairman of Venture Capital Initiatives and Chief Innovation Officer at Citi. Recognized for her leadership in driving client-focused innovation, she has supported emerging technologies and championed the advancement of women by ensuring sponsorship and advocacy to senior management. She joined Citi in 2003 and became Chief Operations & Technology Officer later that year. She was named Chief Innovation Officer in 2008. Based in Palo Alto, California, her mission is client-focused innovation. Before coming to Citi, Debby’s roles included CFO for The Boeing Company and Lucent Technologies. Fortune magazine has twice named her one of the Most Powerful Women in American Business.

Location

New York, NY 10022
United States
40° 45' 33.8184" N, 73° 58' 11.208" W

Women in Banking

 Politicians and employers recognise that gender should be no barrier to career progression. Yet women continue to be under-represented at senior levels across the UK, particularly in the banking sector.

 
Research by the Institute of Leadership & Management, sponsored by RBS, investigates why so few women are promoted to senior management positions in banking and identifies the challenges they face. The report also propose solutions for the future.
URL: 
http://www.i-l-m.com/research-and-comment/womeninbanking.aspx

The Cranfield FTSE Female Index

 Since 1999, the annual Female FTSE benchmarking report has provided a regular measure of the number of women executive directors on the corporate boards of the UK's top 100 companies.

 
The Female FTSE Index is announced each year in November, and attracts considerable press attention in the UK and internationally. The study was hosted at the Chancellor of the Exchequer's offices at No. 11 Downing Street in 2004. Reports are available from 2001 onwards. The Index is incorporated in the Reports.
URL: 
http://www.som.cranfield.ac.uk/som/ftse

Expert Profile

Location: 
United States
40° 45' 33.8184" N, 73° 58' 11.208" W

Anne Erni is an innovative leader who is Global Head of Leadership, Learning and Diversity at Bloomberg where she manages global initiatives and develops people to reach their potential. At Bloomberg, she manages global initiatives in leadership and diversity. Prior, she was Chief Diversity Officer at Lehman Brothers pioneering global efforts in the retention and advancement of women and under-represented groups in financial services and she created the award-winning Encore program, to re-train individuals resuming their careers. Anne has 15 years of banking and capital markets experience with private and public sector clients. She received her BA and MA from The Johns Hopkins University in Baltimore, Washington, D.C., and Bologna, Italy.

Location

New York, NY 10022
United States
40° 45' 33.8184" N, 73° 58' 11.208" W

The Diversity Scorecard: Measuring Board Composition in Asia Pacific

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. 

URL: 
http://www.kornferryinstitute.com/about_us/thought_leadership_library/publication/3188/diversity_scorecard
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