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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.
Friday, May 30, 2014
Watch the 2014 100 Best Green Companies keynote speech by Eric Friedenwald-Fishman.
Thursday, June 05, 2014
BY HANNAH WALLACE | OB BLOGGER
What does it take to launch and run one of these mobile food businesses?
Friday, June 27, 2014
BY JASON NORRIS | OB BLOGGER
Over the last several months we have seen a wave of cross-border acquisitions, primarily U.S.-based companies looking to purchase non-U.S.-based companies. There are a few reasons for this, but the main culprit is the U.S. corporate tax system. The United States has one of the highest corporate tax rates in the world.
Tuesday, July 01, 2014
BY HANNAH WALLACE | OB BLOGGER
Demand for organic food continues to soar: Last year, sales of organic food rose to $32.3 billion — up 10% from 2012. In Oregon, organic produce wholesaler Organically Grown Co. has been championing organic growing methods for four decades.
Thursday, July 24, 2014
BY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR
With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.
Tuesday, July 08, 2014
BY LINDA BAKER | OB EDITOR
The New Yorker recently published a sharply worded critique of “disruptive innovation,” one of the most widely cited theories in the business world today. The article raises questions about the descriptive value of disruption and innovation — whether the terms are mere buzzwords or actually explain today's extraordinarily complex and fast changing business environment.
Update: We caught up with Portland's Thomas Thurston, who shared his data driven take on the disruption controversy.
Monday, June 30, 2014
Oregon Business magazine won two silver awards for excellence in writing in the National American Society of Business Publication Editors Western region competition.
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Lane Powell Shareholder Susan K. Eggum has been elected as vice chair of programs and projects for the International Association of Defense Counsel’s (IADC’s) Employment Law Committee.
Geffen Mesher is saddened to announce the passing of long-time shareholder, Tom “Mike” Anderson, who died on July 10, 2014, from liver disease diagnosed after recent heart surgery. He was 55 years old.
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