Women in the Boardroom: A Global Perspective, examines the legislative efforts being pursued across 17(i) countries to encourage more women to serve on listed company boards.
The updated edition of the report, by the Deloitte Global Center for Corporate Governance, comes after numerous governmental developments have evolved in several countries since the January 2011 publishing of the first edition. The new research highlights a variety of approaches to support diversity on boards, including requiring more disclosure, setting targets, and implementing quotas. According to the study, strong variations exist among countries regarding the most efficient way to achieve higher levels of diversity.
The Deloitte Global Center for Corporate Governance report has added a personal dimension to the research by incorporating the unique views of three prominent women directors from around the world. Each director shares her personal insights into increasing boardroom diversity and discusses the steps organizations are taking in this direction.
Highlights from their comments include:
-- "Gender balance is likely to benefit the companies that do adopt it. It
is increasingly being recognized as a badge of good governance and
therefore desirable. Investors should demand it. If this progress
continues and disclosure targets work, then there may be no need to
Jane Diplock, Director, Singapore Exchange Limited and Australian
Financial Services Group Pty Limited, International Advisory Committee
of the Chinese Securities Regulator and the International Advisory
Council of the Center for Financial Regulation; Ambassador for the
International Integrated Reporting Committee
-- "There is no hiding that men and women, even with similar educational
backgrounds, often differ in their perspectives. The female perspective
is neither necessarily better nor more insightful, but different.
Ultimately, board diversity is about combining alternative and
complementary views that in the end lead to better board decisions."
Liselott Kilaas, Managing Director of Aleris AS in Norway and Denmark;
Deputy Chairman of the board of Telenor ASA, and a member of the
Norwegian Central Bank's Executive Board
-- "The need for critical mass in areas traditionally underrepresented -
boardrooms, the C-Suite - even the Supreme Court of the United States -
is critical if we expect to see systemic improvements.... We all know
that we are well past the time where this should be an issue.... It
boils down to respect, common sense, and good business."
Maggie Wilderotter, Chairman and Chief Executive Officer of Frontier
Communications Corporation; Director of Procter & Gamble and Xerox
Corporation; Vice Chair, President's National Security
Telecommunications Advisory Committee
(i)Countries profiled: Australia, Canada, China, Hong Kong, India, Malaysia, New Zealand, Singapore, United States, Belgium, France, Germany, Italy, Netherlands, Norway, Spain, and United Kingdom.
Deloitte, one of Canada's leading professional services firms, provides audit, tax, consulting, and financial advisory services through more than 8,000 people in 56 offices. Deloitte operates in Quebec as Samson Belair/Deloitte & Touche s.e.n.c.r.l. Deloitte & Touche LLP, an Ontario Limited Liability Partnership, is the Canadian member firm of Deloitte Touche Tohmatsu Limited. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.
From the press release