What’s Still Missing from Our Boardrooms?
If you guessed women, well then, you’d be correct! Indeed, the news is not good: the percentage of women directors in the Fortune 500 at 16.9% has remained flat (it was 16.6% in 2012 and 16.1% in 2011).* This despite numerous studies stating one way to make any team smarter is too add more women.**
What Makes a Team Smarter? More Women (Harvard Business Review June 2011)
“You realize you’re saying that groups of women are smarter than groups of men.Woolley: Yes. And you can tell I’m hesitating a little. It’s not that I don’t trust the data. I do. It’s just that part of that finding can be explained by differences in social sensitivity, which we found is also important to group performance. Many studies have shown that women tend to score higher on tests of social sensitivity than men do. So what is really important is to have people who are high in social sensitivity, whether they are men or women.”
It’s time to support companies that support women in Board positions.
Thanks for reading-Melayna Lokosky