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

Source: Life Science Leader
Laurie Cooke LN 450x300

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 is the CEO of the Healthcare Businesswomen’s Association (HBA), a global nonprofit professional association.