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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, September 12, 2014
BY TOM COX | OB BLOGGER
I often talk about what leaders can do. What about followers? If you’re a team member and you’d like to add positivity to your team, what might you do?
Tuesday, August 26, 2014
BY DEBRA RINGOLD | OP-ED CONTRIBUTOR
Why has six years become an acceptable investment in public undergraduate education that over-promises and underperforms?
Wednesday, August 06, 2014
BY LINDA BAKER | OB EDITOR
Portland startup Green Endeavor strikes gold, inking a partnership with Underwriters Laboratories, an Illinois-based consulting and certification company with offices in 46 countries.
Tuesday, August 26, 2014
BY JENNIFER MARGULIS
In 2012 The Dalles, a city of some 14,400 located 75 miles east of Portland and often seen as the poor cousin to adjacent Hood River, completed a massive project to revitalize its dock.
Thursday, August 28, 2014
OB Research Editor Kim Moore shares some pointers about the 100 Best Companies to Work For survey.
Friday, August 15, 2014
In this week's poll, we asked readers: "Who should pay for the troubled Cover Oregon website?" Here are the results.
Wednesday, August 27, 2014
BY JESSICA RIDGWAY
How State Representative Julie Parrish (House District 37) balances life between work and play.
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|A Taste of Heaven|
|Fast Food Slows Down|
|Tight and Loose|
|Startup or Grow Up?|
|PBR sold to Russian beverage company|
|Scotland votes to stay in United Kingdom|
|Scotland vote on independence begins|
|Artificial sweeteners may lead to diabetes|
|General Mills expects to save $100M|
|Sony predicts $2.14B loss|
|United Airlines offers $100K buyouts to flight attendants|
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