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|Articles - November 2011|
|Wednesday, October 19, 2011|
Page 5 of 7
The challenges facing women interested in securing a board seat raise the question: How do the men who are making the decisions about corporate strategy, oversight and director positions in Oregon view the issue? Several board leaders, including Patrick Jones, chair of Lattice Semiconductor, and Kurt Widmer, chair of Craft Brewers Alliance, declined to be interviewed for this article. Mentor Graphics, which has an all-male board, also turned down requests for interviews. Other men were more forthcoming, echoing the arguments of female board members regarding the challenges and benefits of putting more women on boards.
“We’re always on the outlook for candidates who will diversify the board,” says Don Graber, chair of Precision Castparts’ eight-member, all-male board of directors. “But we also look for people who have a manufacturing-type background and females are tough to find.”
Columbia Sportswear, one of the seven public companies with two women on its board, “has made great strides in revitalizing its brand,” says Steve Babson, chair of the board’s nominating committee. “That’s attributable to key people in the company, many of whom are women.”
To be sure, many Oregon companies are concentrated in the wood products, manufacturing and other traditionally male-dominated industries. But the list of Oregon public companies without any women on their boards — a list that includes FLIR, Electro Scientific Industries, Premier West Bank, and LaCrosse Footwear — transcends any individual sector. There is no research about gender and financial performance in Oregon. However, a growing number of studies in Europe show that companies with more female board members outperform those with fewer women, regardless of the type of industry. That research includes a 2007 Finnish study and an analysis of European listed companies conducted by the consulting firm McKinsey & Company, both of which found a correlation between the percentage of female board members and improved corporate financial performance.
Decades after the women’s movement and countless women-in-business diversity initiatives, many business leaders agree on the economic and social justice value of increasing women in the boardroom. What still isn’t clear is how to make it happen.
In Europe, policy makers have decided the only solution is regulation. In 2003, Norway was the first country to establish a 40% quota of women on boards, followed by Spain in 2007 and Iceland, which implemented quotas last year. In January, France passed a law requiring that by 2017, women must represent 40% of board members on the largest publicly traded companies. The U.K. is also considering quotas.
Tuesday, September 22, 2015
BY JASON NORRIS | CFA
On September 17, the much anticipated Fed decision was delivered and the equity markets haven't liked it.
Thursday, August 20, 2015
BY DAN COOK
The state’s angel investing fund gets hammered in Salem.
Wednesday, August 19, 2015
BY LINDA BAKER
In 2010 Vanessa Keitges and several investors purchased Portland-based Columbia Green Technologies, a green-roof company. The 13-person firm has a 200% annual growth rate, exports 30% of its product to Canada and received its first infusion of venture capital in 2014 from Yaletown Venture Partners. CEO Keitges, 40, a Southern Oregon native who serves on President Obama’s Export Council, talks about market innovation, scaling small business and why Oregon is falling behind in green-roof construction.
Wednesday, August 26, 2015
BY KIM MOORE AND LINDA BAKER
Child care in Oregon is expensive and hard to find. We delved into the numbers and talked to a few executives and managers about day care costs, accessibility and work-life balance.
Thursday, October 01, 2015
PHOTOS BY JASON E. KAPLAN
Images from the big 2015 celebration of worker-friendly organizations that make a difference.
Wednesday, August 19, 2015
BY JACOB PALMER | DIGITAL NEWS EDITOR
One of the hottest new investment trends has proven quite lucrative for some companies.
Wednesday, September 16, 2015
BY GREGG LEWIS | OP-ED
The issue of green-washing remains a significant challenge to those of us who would like to see the building sector in this country do more than make unverifiable claims of sustainability. Transparency about the impacts of a given material is the only way to allow designers to make intelligent choices when selecting building products.
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