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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.
Wednesday, February 25, 2015
BY LINDA BAKER | OB EDITOR
The big news at Oregon Business is we’re getting a ping pong table. After reading the descriptions of the 2015 100 Best Companies to Work For in Oregon, a disproportionate number of which feature table tennis in the office, I decided it was time to bring our own workplace into the 21st century. It was a tough call, but it’s lonely at the top, and someone has to make the hard decisions.
Thursday, February 26, 2015
BY KIM MOORE | OB RESEARCH EDITOR
Employment in Oregon is almost back up to prerecession levels — and employers are having to work harder to entice talented staff to join their ranks. This year’s 100 Best Companies to Work For in Oregon project showcases the kind of quality workplaces that foster happy employees.
Friday, February 27, 2015
PHOTOS BY JASON E. KAPLAN
Images from the 2015 celebration of Oregon's great workplaces.
Friday, February 27, 2015
BY OB STAFF
The 100 Best list recognizes large, medium and small companies for excellence in work environment, management and communications, decision-making and trust, career development and learning, and benefits and compensation.
Tuesday, February 10, 2015
BY JACOB PALMER | OB DIGITAL NEWS EDITOR
The Portland in Perspective study, done by the City Budget Office, was released Tuesday.
Thursday, March 26, 2015
BY KIM MOORE
A conversation with Craig Wanichek, president and CEO of Summit Bank.
Friday, February 20, 2015
BY APRIL STREETER | OB CONTRIBUTOR
Leslie Carlson channels the big idea.
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