[DEI & Leadership] Women on boards are not a "nice to have" anymore
This morning, I was delighted to attend a meeting where the inspiring Hedwige Nuyens, chair of European Women on Boards (EWOB) was interviewed.
No matter how many times I’ve heard Hedwige speaking, I always learn new things and ways to convey the importance of diversity and inclusion on boards.
Three messages stood out
1.- Some people are uncomfortable with quotas, targets, and mandates on boards around protected categories such as gender. However, can we imagine if the EU Commission was headed only by French people? Or Spanish people? Or Polish people? How could that represent the 450 million EU residents?
2.- Boards used to be “a group of friends”. Now boards have been professionalised and as such they must be intentional at implementing diversity and enabling inclusion so the decision-making is enriched by different points of view.
3.- Often women with a wealth of expertise to contribute to boards rule themselves out when offered a board position.
If you’re still doubting the value women bring to your boards, here’s some evidence for you
“According to Fortune Magazine, female-led companies perform three times better than the S&P 500. And a recent analysis of nearly 11,000 companies globally over the past eight years conducted by the largest bank in Scandinavia found that companies with a woman in the CEO or chairperson role more than doubled the performance of the MSCI World Index.
As for board representation, the Women’s Leadership Foundation reports that Fortune 500 companies with sustained representation of three or more women on their boards have significantly greater financial performance than those with no women.”
And if you’re a woman hesitating to apply for a board position, below are some pointers
- Be bold
- Know your value and own it
- Embrace ambiguity
- Seek mentors from all genders
- Know and lean into your strengths
Even better, you can join the Board Readiness Program from European Women on Boards
https://lnkd.in/eMbdke6c
Need even more convincing? Read my article about my journey towards my first board role.
https://lnkd.in/eT5UZYgy
#DiverseBoards #GenderEquity #GenderEquality #WomenInLeadership #WomenInTech #WomenInBusiness
Principal - M&A Integration and Separation Leader at RSM US LLP - Complex Delivery and Post Close Optimization - Healthcare Industry & Private Equity Strategy and Management Consultant
1moSo honored to work with this great team and blessed to be part of a dynamic event supporting women!