Home Back Issues November 2011 Few women sit on public companies' boards

Few women sit on public companies' boards

| Print |  Email
Articles - November 2011
Wednesday, October 19, 2011
Article Index
Few women sit on public companies' boards
Page 2
Page 3
Page 4
Page 5
Page 6
Companies with/without women on boards
1111_NoSeatAtTheTable_03
Judith Johansen, president of Marylhurst University, serves on the boards of four companies, including the Idaho Power Company and Roseburg Forest Products.
// Photo by Matthew D'Annunzio
Gender disparity in the boardroom is an issue that extends far beyond the Oregon border. Nationwide, only 15% of board members in Fortune 500 companies are women. In the European Union, 9.7% of board members in the top 300 companies are women. Women make up about 12.5% of directors at the 100 largest publicly traded companies in the U.K., and many companies have never had a woman on the board.

Concerns about board diversity are also unfolding at a time when the responsibilities of directors are becoming more demanding. Corporate cataclysms ranging from the collapse of Enron to the 2008 financial crisis have increased pressure on boards to hold CEOs accountable to shareholders, business experts say.

“Regulation has gone through the roof,” says Dyess, referring to the hundreds of pages of quarterly and annual reports she is responsible for. “Particularly in today’s world, you’re putting yourself on the line.”

The pressures of the job are making it more difficult to find male or female candidates willing to serve. But heightened board scrutiny is just one of many reasons why so few women serve on corporate boards, Dyess and other female board members say. “The problem is there is not a pipeline of women who are coming up and making it into the C-suite: CEOs or CFOs,” says Judith Johansen, president of Marylhurst University and a director on Schnitzer Steel’s and Bank of Cascades’ boards. Johansen, a former president and CEO of PacificCorp, adds that boards prefer CEOs as directors because they know what it’s like to be in the CEO’s chair.

“Having senior experience with your own boards raises the bar in terms of board performance,” she says.

 



 

More Articles

Risks & rewards of owning triple net investments

Contributed Blogs
Thursday, July 24, 2014
NNNinvestmentBY 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.


Read more...

Report Card

September 2014
Tuesday, August 26, 2014

Strong public schools shore up the economy, survey respondents say. But local schools demonstrate lackluster performance.


Read more...

Shipping News

September 2014
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.


Read more...

What I'm Reading

September 2014
Wednesday, August 27, 2014

Kim Ierian, President of Concorde Career Colleges, and Deborah Edward, Executive Director of Business for Culture & the Arts, share their recent reads.


Read more...

A Good Leap Forward

September 2014
Wednesday, August 27, 2014
BY AMY MILSHTEIN

Agriculture businesses ramp up to meet international demand as workforce and succession challenges loom.


Read more...

Video: The 100 Best Survey

News
Thursday, August 28, 2014

100-best-logo-2015 500pxw-1OB Research Editor Kim Moore shares some pointers about the 100 Best Companies to Work For survey.


Read more...

Is this employee right?

Contributed Blogs
Wednesday, August 13, 2014
081314 thumb employeefeelingsBY TOM COX | OB BLOGGER

When I say, “Your Employee is Always Right,” I do not mean “right about the facts,” but rather “right about how they feel” and “right about how they want to be led.”


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS