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|Articles - November 2011|
|Wednesday, October 19, 2011|
Page 1 of 7
By Linda Baker
In the mid-1990s, former Oregon Gov. Barbara Roberts reached out to Nike and a few banks and insurance companies with the intention of landing a seat on a corporate board of directors. But the offers never came, says Roberts, whose resume included presiding over an economic expansion as governor, a background in small business, and a five-year teaching stint at Harvard. Around the country, male governors received an “automatic board solicitation when they finished their terms,” recalls Roberts. But at the time, she says, the same opportunities were not available to women. “We did not receive that outreach,” she says, “or the opportunity for additional income after leaving office.”
Fifteen years later, Roberts says the situation is changing for female governors. But the underlying problem of a male boardroom monoculture persists. In a survey of Oregon’s 46 publicly traded companies, Oregon Business found that women occupy only 39 of 340 existing board seats and that almost half of the 46 companies have no women on their boards at all. And since several female directors are “duplicates” — that is, they serve on more than one board — the total number of women serving on Oregon’s public corporate boards is actually 35. Oregon Business did not gather data on privately held companies in Oregon because many private companies either do not have boards or will not reveal the names of board directors.
The dearth of women involved in corporate governance is a social equity issue — publicly traded companies compensate directors an average of $76,000 a year — and a business performance issue. An emerging body of global research suggests boards with female board members outperform those without female members across industry sectors. A 2007 analysis by Catalyst, a New York-based nonprofit dedicated to improving opportunities for women in business, found that Fortune 500 companies with higher numbers of female board members outperform those with fewer women based on several financial benchmarks. Measured by return on sales and return on equity, for example, companies with the highest percentages of women board directors experience better financial results than those with the least number of women. “The numbers are startling,” says Mary Boughton, senior regional director for Catalyst.
Tuesday, June 09, 2015
The technology at the center of Oregon’s road usage fee reform.
Wednesday, May 20, 2015
BY KIM MOORE | RESEARCH EDITOR
An earthquake would completely destroy many Oregon businesses, highlighting the urgent need for the private and public sectors to collaborate on shoring up disaster preparedness, said panelists at an Oregon Business breakfast summit today.
Thursday, June 25, 2015
An international architecture firm known for its design of the National September 11 Memorial Museum Pavilion in New York unveiled its plan this week for a modern indoor/outdoor food market at the foot of the Morrison Bridge in downtown Portland.
Friday, May 22, 2015
BY KIM MOORE
As momentum grows at the state level to introduce far-reaching environmental regulations, such as carbon pricing and the Clean Fuels Program, Oregon employers continue to go the extra mile to create green workplaces for their employees.
Thursday, May 14, 2015
BY JASON E. KAPLAN | STAFF PHOTOGRAPHER
There are more than 160 farmers markets in Oregon, contributing an estimated $50 million in sales, according to the Oregon Farmers Markets Association. We checked in on the Forest Grove market, which for several years has brought local produce and food vendors to Main Street in the center of town.
Friday, May 22, 2015
BY CHRIS NOBLE
The right sunglasses can protect your eyes and look cool at the same time. This being the 21st century, select shades are socially conscious, too. Portland brand Shwood uses wood and other natural materials and manufactures locally. Founded by Ann Sacks, the brand Fetch dedicates a portion of its profits to animal welfare. But whether you choose classic tortiseshell or aviator chic, please, shed the sunglasses when you walk in the door — and, of course, at night.
Wednesday, June 17, 2015
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Oregon-based Environments helps companies create inspired workspaces. “Simply put, we help companies future-proof their workspaces,” says Chris Corrado, president. Since 1988,Environments has witnessed firsthand the changing landscape of business. Native Portlander and Environments founder Corrado says, “We help our clients navigate the complex realities of the workplace today and plan for their future in a very mindful, strategic way. We think of ourselves as their partners in the process.”
One hundred years ago, the Willamette River might easily have been mistaken for a sewer. Unchecked industrial activity and decades of pollution made it unrecognizable compared to the clean river that now flows north for 187 miles from Eugene through the center of Portland.
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