gender balance on boards. is it different for girls?

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Jane Wilson @thatwilsonwoman Gender balance at the top: Why is it Different for Girls?

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Evidence is increasingly showing that a gender balanced Board is more effective and that the Woman Effect has a positive impact on profit. What is the current problem wth Boards, and how can prospective Board members and organisations change this imbalance at the top?

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Page 1: Gender balance on Boards. Is it Different for Girls?

Jane Wilson

@thatwilsonwoman

Gender balance at the top:

Why is it Different for Girls?

Page 2: Gender balance on Boards. Is it Different for Girls?

• Is there a problem at the top?• The Leaking Pipeline• The gender balance business

case• The future of leadership• Practical steps, positive

action

Page 3: Gender balance on Boards. Is it Different for Girls?

• 15% of private business are owned by women

• 19% of FTSE 100 Directors are female• 6% of FTSE 100 Exec Directors are

female• 24% of FTSE 100 Non Exec Directors

female• 22% UK MPs female

Is there a Problem at the top?

Source:Department for Business, Innovation & SkillsOctober 2013

Page 4: Gender balance on Boards. Is it Different for Girls?

In my world

In the PR profession:• Women more likely to hold mid level /

manager positions than men (31% v 23%)• Men twice as likely as women to be

Directors, Partners or MDs (27% v 14%)• Men 3x more likely to earn highest salaries

in the industry (9% over £150k v 3%)• Glass ceiling at £47k / manager level

Source:Chartered Institute of Public Relations State of the Profession Survey 2012

Page 5: Gender balance on Boards. Is it Different for Girls?

The Leaking Pipeline

Page 6: Gender balance on Boards. Is it Different for Girls?

• Women have to take extended time out to have children and lose skills

• There are not enough women to fill senior roles

• Women are not as ambitious as men• Corporate life doesn’t suit women as

much as men

Source:Women in Leadership, Ernst & Young Australia

Debunking the myths

Page 7: Gender balance on Boards. Is it Different for Girls?

The gender balance business case

Studies show that significant presence of female leaders in an organisation measurably contributes to its health and wealth.

Page 8: Gender balance on Boards. Is it Different for Girls?

Don’t take my word for it

Fortune 500 companies with three or more women in board positions created a competitive advantage over companies with no women on their boards in the following three areas:• Return on Sales: 84% advantage• Return on Invested Capital: 60%

advantage• Return on Equity: 46% advantage

Source:Catalyst, The Bottom Line: Corporate Performance & Women’s Representation on Boards (2004–2008)Further supporting research by McKinsey, HBR, Tinbergen Institute via www.inpowerwomen.com

Page 9: Gender balance on Boards. Is it Different for Girls?

“The Woman Effect” is already making a difference

Good news

Page 10: Gender balance on Boards. Is it Different for Girls?

“The Feminisation of Leadership”

Cass Business School predicts

Page 11: Gender balance on Boards. Is it Different for Girls?

• Be assertive. Studies show women leaders no longer rated down for expressing assertiveness

• If you are not on the Board but in a senior management role, ask to attend meetings when the Board is considering projects from your area. 

• Analyse the skills and experience currently on your Board and others.  What are the skills that bring value?

• Add something new.  Success is rarely about replicating something that already exists. 

• Get experience elsewhere. But participate fully or you will not add value or learn anything.

• Get qualified.

Source:British Journal of Psychology, 2013

Practical steps .. for women

Page 12: Gender balance on Boards. Is it Different for Girls?

Positive action.. for business

• Build a gender neutral culture• Make childcare a parental not maternal issue &

re-look at the economics of childcare• Consider mentoring and positive role modelling• Take a positive attitude to diversity and equality

and open your eyes to unconscious bias• Consider your stance on targets v quotas for

leadership roles• Re-look at how contribution is valued,

particularly for those flexible or part-time roles

Page 13: Gender balance on Boards. Is it Different for Girls?

“Lean in…”

Sheryl SandbergCOO, Facebook

Some final words of advice

Page 14: Gender balance on Boards. Is it Different for Girls?

“If we lean in any further we’ll fall over”

Avril LeeEx CEO, Ketchum London

Page 15: Gender balance on Boards. Is it Different for Girls?

Thank you