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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.
Thursday, October 08, 2015
BY JACOB PALMER | DIGITAL NEWS EDITOR
Based on several metrics, Oregon has one of the lowest performing K-12 education systems in the country. Teacher compensation is part of the problem.
Wednesday, September 30, 2015
BY KIM MOORE
Oregon Business magazine’s seventh annual 100 Best Nonprofits to Work For project attracted more than 150 nonprofits from around the state from a variety of sectors, including social services and environmental advocacy. More than 5,000 employees and volunteers filled out the survey, rating their satisfaction with work environment, mission and goals, career development and learning, benefits and compensation, and management and communications.
Tuesday, October 06, 2015
BY CHRIS NOBLE
As we worked on the October cover, it became evident that Nick Symmonds is a hard man to catch — even when he’s not hotfooting it around a track.
Monday, September 28, 2015
BY BEN WATERHOUSE
How Portland's Garden Bar plans to become the Starbucks of salad.
Tuesday, November 03, 2015
PHOTOS BY JASON E. KAPLAN
Wednesday, October 14, 2015
BY JASON E. KAPLAN | STAFF PHOTOGRAPHER
Thursday, November 05, 2015
BY LINDA BAKER
Gov. Kate Brown delivered the keynote speech at the Associated Oregon Industries annual policy forum yesterday. Speaking to a Republican-aligned audience of about 100 business and public policy leaders, the governor was out of her comfort zone.
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Economic diversity has proven a smart strategy for the Port of Hood River. How can other Oregon communities replicate the model?
Phone, Internet needs of small community school districts earn attention of top-five telecom provider.
Farmland LP grows its vision for organic farming in Oregon.
The Salem Convention Center has capped its tenth anniversary year by earning the prestigious “Best of the Best 2015” award from NW Meetings & Events magazine. Selected as the Best Convention/Conference Venue in Oregon by meeting and event planners from Alaska, British Columbia, Idaho, Oregon and Washington, the Salem Convention Center ranked above the Oregon Convention Center and the Portland Art Museum.
The Oregon Cooperative Hall of Fame honors individuals for their outstanding contributions to the successful building and operation of Oregon agricultural cooperatives.
Health insurer reports $10.2 million in net income after taxes through the first nine months of 2015.