What Can Be Done To Improve Gender Balance In The Boardroom?

A: STUDIES DEMONSTRATE GENDER-BALANCED BOARDS have improved shareholder value, good corporate governance, better decision making, and a more positive corporate image. Some of the ways to increase the number of women on boards include:

1. Share the business case for change – this goes beyond the “right thing to do” to being a business imperative.
2. Demand executive recruiters bring a balanced slate – having at least two women increases the chance that a woman is the final candidate.
3. Ensure your board and C-suite sponsor women – the primary route to the board room is through a recommendation.
4. Encourage women leaders in your organization – supporting the advancement of women will provide you greater talent at all levels.
5. Leverage and celebrate your company’s efforts – visibility as an industry leader gets positive coverage and contributes to attracting and retaining top female talent.

LAURIE P. COOKE, BS, RPH, PGDIP, CAE
Laurie is the CEO of the Healthcare Businesswomen’s Association (HBA), a global nonprofit professional association.