This article questions why there is a lack of women board members in many companies and why women are essential for a company’s success. First, it pointed out that women make up more than half of the workforce. So to exclude women from the board can mean that the company may not be seen as a place that welcomes women at all. In turn, that has a direct effect on the company's competitiveness. Second, women are decision makers. Women have a perspective that can alter the development of a product or a service. Put women in executive roles and board positions and you can see how their perspectives may open new markets. Lastly, a woman joining a board of directors can have an effect on the men. They will be less likely to make sexist remarks and jokes. Shirley M. Hufstedler, an experienced corporate board member, observed that female board members usually understand, better than men, how to appeal to women as consumers and as employees. Also, because women are acculturated differently from men, they tend to listen more and see problems and solutions differently from their male colleagues. She feels in many ways this expands and enhances board discussion and deliberation.
Perhaps all of this is due to the fact that women tend to be more transformational leaders than men are. They are very attentive to others needs and they can motivate others to transcend their own self-interests for the good of the team or organization. This is a very effective form of leadership and can yield great outcomes. Most women have strong ideals and are very competent, and those are important qualities to have as a transformational leader.
The bottom line of this article is that companies with more women in executive positions tend to have higher profits. In fact, a study done by Roy Adler showed that "the companies with the highest percentages of female executives delivered earnings far in excess of the median for other large firms in their industries." In your opinion, do you feel that more women in the board room can lead to better innovation and success for a company?
Posted by: Amanda Goetz
http://www.nytimes.com/external/readwriteweb/2011/03/31/31readwriteweb-why-more-women-in-the-board-room-is-essenti-91468.html