This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Global Nominating Commission Launches Campaign To Raise Number Of Women On Boards Worldwide

NEW YORK, Dec. 11, 2012 /PRNewswire/ -- Announced at the WomenCorporateDirectors (WCD) Global Institute this spring, the WCD Global Nominating Commission has launched a series of initiatives – beginning this fall and to be rolled out in 2013 – designed to improve board diversity worldwide. Co-chaired by Myra Hart , Ann Korologos , and Maggie Wilderotter , the Commission is a high-level task force of top board nominating chairs and committee members, as well as CEOs, dedicated to actively building diverse boards and candidate slates. In the first six months, the group has grown rapidly, with 40 members representing six continents.

Along with debuting new board education seminars in early 2013 – first in New York, Chicago, and Washington, D.C., and then moving on to other cities – the Commission is today issuing its "Best Practices for Director Selection and Development." The report comes out just as Catalyst releases its 2012 Catalyst Census of Fortune 500 Women Board Directors, which reports that this year women hold 16.6% of board seats of Fortune 500 companies, a number unchanged from last year, and years previous. 

Ilene H. Lang , president and CEO of Catalyst and a member of the WCD Global Nominating Commission, says: "Despite heightened conversation globally around women's representation on corporate boards, the 2012 Catalyst Census once again showed no change for the seventh consecutive year – and the challenge is not lack of qualified women." She continues, "our research also shows the advantage to companies when women gain access to the boardroom. Catalyst hopes that by bringing research-based data to the table, we can work together towards gender diversity on corporate boards, which will enable companies to benefit, finally, from the expertise of their talented women leaders."

"Companies are becoming starkly aware of the push for diverse boards from multiple stakeholders, including regulators, but they need guidance on how to get there," says Susan Stautberg , a member of the Global Nominating Commission and co-founder/co-chair of WCD.

"Our goal is to provide decision makers with a roadmap to build diverse boards that are multi-gender, multi-skilled, multi-national, multi-ethnic, and multi-generational. In order to do this, WCD is creating partnerships with leading organizations around the world such as Catalyst."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs