A good board of directors should know where it has blind spots. Companies lacking the right mix of talent, experience and perspectives may miss opportunities, ignore threats and fail to hold management accountable.
Many US corporate boards today lack gender diversity. Among companies in the Russell 3000 index, just 18.5 per cent of directors are women. Even worse, one-sixth of companies have no female board members. Just 41 have reached gender parity. Incremental gains have been made, but change remains slow. This is why the Teachers Insurance and Annuity Association of America is making a concerted effort to push boards to be more gender inclusive.
> Read the full article on the Financial Times website
By Roger Ferguson
Source: Financial Times
Proponents of pay-transparency legislation say it creates accountability, and remedying pay gaps in individual organisations starts with understanding how dramatic they are. Overall, the picture is clear: women who work full-time in the US still only earn around 83% of what men do, a figure that has hardly moved in recent years, and black and Hispanic women earn less than white women.
In the wake of George Floyd’s murder, corporate interest in DEI is higher than ever. But has this increased attention racial justice and inequity led to real, meaningful change? The authors conducted interviews with more than 40 CDOs before and after summer 2020 and identified four major shifts in how these leaders perceived their companies’ engagement with DEI.
Mid-career women are often surprised by the levels of bias and discrimination they encounter in the workplace, especially if they’ve successfully avoided it earlier in their careers. After speaking to 100 senior women executives, the authors identified three distinct kinds of bias and discrimination faced by mid-career women. They describe each bias and conclude with recommendations for overcoming them.
