March 08, 2013: Corporate and Executive Search Firms invited to access database of Global Board Ready Women on International Women’s day

More than 8000 women being vetted by 150 Leading Business Schools and Professional Business Organizations and Associations from 56 countries and growing every day.

European Business Schools/Women on Board initiative notes progress at the Board Level positively influencing pipe.

08 March 2013: The European Business School/Women on Board initiative which launched the Global Board Ready Women (GBRW) searchable database on LinkedIn administered by the Financial Times Non Executive Director’s Club on 12/12/12 is now inviting executive search firms, companies and investors and those looking to make appointments on the boards of publicly quoted firms to access their database, just three months after its launch.

Already the more than 150 leading business schools, professional business organizations and corporate women from 56 countries constituting the initiative have vetted almost 2000 women out of a list of more than 8000 and the database is growing as fast as the candidates can be vetted.

The women in the GBRW searchable database come from all sectors of business from all over the world and are vetted according to quantitative and qualitative criteria established by the business schools and professional associations for service on a publicly quoted firms board before being admitted to the GBRW Database.

http://www.fortefoundation.org/site/PageServer?pagename=gi_boards. Once the qualified women have been accepted in to the GBRW LinkedIn Group, they may also access more than 500,000 corporations and Boards around the world in an agreement arranged by the European Business Schools/Women on Board initiative with BoardEx.

In addition to providing a searchable database of Global Board Ready Women ready to assume the responsibilities of transparent, accountable, global and diverse Corporate Governance in the 21st century, the group is pleased to see that this action has inspired a host of other activities, curricula, awareness, aspirations and human capital development across the entire pipe of women talent. Shattering the glass ceiling of the Board Room enables women to see light at the end of the tunnel. They can now work and aspire towards an achievable goal, helped by those who have gone before them as well as the Business Schools and Professional Business Organizations and Associations, themselves creating synergistic programs amongst themselves to prepare and strengthen the pool of female talent from manager to executive to Board member.

The GBRW welcomes requests from all of the Executive Search Firms and Corporations in the world to join the group and access its growing database of qualified Board Ready Women. Please contact the GBRW Administrator: Heidi Gains (Heidi.gains@ft.com)

All Board Ready Women desiring to join the group should contact their Business Schools or Professional Associations if they are a participating member.

Or contact the GBRW Administrator Julie Morel : julie.morel.bba@edhec.com

December 11, 2012: Global Nominating Commission Launches Campaign to Raise Number of Women on Boards Worldwide

Newly Formed Commission Identifies Action Steps and Resources to Build Diverse “Talent Supply Chain”

NEW YORK, NY — December 11, 2012 —

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.”

The Commission has developed Best Practices for Director Selection and Development as a tool for nominating committees and other influencers of board diversity. Produced by KPMG, it is the first comprehensive resource to pull together best practices for boosting diversity as well as links to:

Articles and thought leadership about diverse boards and governance practices;
Research reports on the metrics and impact of diversity; and
Director databases and education tools.

“Ultimately, the goal is to improve governance, which is a vital factor in helping organizations survive the current economic and political uncertainty globally,” says Ann Korologos, a director of Harman International Industries, Vulcan Materials, Host Hotels & Resorts, Kellogg, AMR Corp, and American Airlines, and former U.S. Secretary of Labor. “New mindsets are required for the multiplicity of challenges boards face – so that we can think expansively and consider all the opportunities.”

“Think of our Commission in terms of a supply chain, and our mission as ensuring that nominating committees have a ready pool of great candidates for every type of board,” says Maggie Wilderotter, chairman and CEO of Frontier Communications (NASDAQ: FTR), and a director of Procter & Gamble, Xerox, and Catalyst. “By streamlining the nominating process, we speed the time it takes to get a great director on a board, which makes it easier to nominate the next candidate. When we reach the magic number of three diverse directors, I believe the process will take on a life of its own at that company.”

WomenCorporateDirectors has exploded in membership worldwide, with new chapters opened in Cleveland, Finland, Japan, Milan, New Zealand, and San Diego this fall, and plans for Chile, Netherlands, Panama, Philippines, Rome, and Turkey in early 2013. The organization now comprises more than 1,800 members serving on over 2,100 boards worldwide. WCD issued a “Call to Action” at its inaugural Global Institute in 2011 – calling on multiple stakeholders to do their part in improving board diversity – and the Commission’s recent and upcoming activities mark the progress in shifting board perspectives.

“As companies expand globally in their supplier networks, employee bases, and customer markets, they need the new kind of thinking that more diverse boards can bring,” says Dr. Myra Hart, a director of Kraft Foods, Nina McLemore, Inc., and the Smithsonian Institution.

“The Global Nominating Commission is already helping companies think differently about the directors they bring on who will help guide them into the next chapter of their growth.”

For more information about the Global Nominating Commission and WomenCorporateDirectors, or to receive a copy of the Best Practices report, please contact CEO Davia Temin or Managing Director Suzanne Oaks of Temin and Company at 212-588-8788 or news@temin.co.

About WomenCorporateDirectors (WCD)

WomenCorporateDirectors (WCD) is the only global membership organization and community of women corporate directors, comprised of more than 1,800 members serving on over 2,100 boards in 49 chapters around the world. In 2012, WCD launched the Global Nominating Commission, a high-level task force of select corporate board nominating committee chairs and members from around the world, as well as CEOs, focused on proactively building diverse boards and candidate slates. Each year, WCD conducts a Global Board Survey in conjunction with Heidrick & Struggles and researchers from the Harvard Business School. Heidrick & Struggles and KPMG are Global Founding Partners of WCD.

WCD has 49 global chapters, located in Arizona, Atlanta, Beijing, Boston, Brazil, Charlotte, Chicago, Cleveland, Colombia, Dallas/Fort Worth, Delhi, Denmark, Finland, France, Germany, Gulf Co-operative Council, Hanoi, Ho Chi Minh City, Hong Kong, Houston, Indonesia, Israel,, Japan, London, Los Angeles/Orange County, Malaysia, Melbourne, Mexico, Milan, Minnesota, Morocco, Mumbai, New York, New Zealand, Nigeria, Northern California, Peru, Philadelphia, San Diego, Seattle, Shanghai, Singapore, South Africa, South Florida, Switzerland, Sydney, Tennessee, Toronto, and Washington DC. For more information, visit www.womencorporatedirectors.com.

June 19, 2012: Women on Boards: Vice-President Viviane Reding meets with leaders of Europe’s business schools and industry

Today, EU Justice Commissioner Viviane Reding met with European Industry Associations, European Business Schools and Senior Executive Women to discuss progress being made on improving the gender balance in company boardrooms.

Despite around 60% of university graduates being female, women still represent only 14% of board members in Europe’s biggest listed companies and only 3% of board presidents. Business schools play a crucial role in equipping young women for a career in business and helping them to reach the top. They are helping women to prepare for professional careers through seminars, training programmes and providing networking opportunities.

“I do not accept the argument that there aren’t enough qualified women to fill supervisory boards – you just need to look at the list of 7 000 ‘board ready’ women that European Business schools published a few months ago to see that there are,” said Vice-President Viviane Reding, the EU’s Justice Commissioner. “The pool of talent is there – companies should now make use of it.”

In September 2011, the European Business Schools and Senior Executive Women launched a call to action to shatter the glass ceilings which impede senior women executives from acceding to corporate boardroom seats throughout Europe. Their ever growing list of “Board Ready Women” – up to 7 000 today from 3 500 in March 2012 – makes it clear that there are more than enough eminently qualified women to help lead Europe’s and the world’s corporations into the 21st century and that it is now time to shatter the ceiling that has kept these women from ascending to these board of directors positions.

Why gender-balanced boards?

In these difficult economic times – when we are facing the challenges of an ageing population and skills shortages, in addition to the financial crisis – it is more important than ever to take advantage of everyone’s skills: both female and male.
There are four main reasons for breaking the glass ceiling on company boards:

• The economic imperative: Getting more women into the labour market is an important factor in improving Europe’s competitiveness. Having more women in the workforce will also help achieve the EU’s goal of raising the employment rate for adults to 75%

• The business case: a growing number of studies show a link between more women in senior positions and companies’ financial performance

• The need for a level playing field: several EU Member States have started to act and have introduced legally binding quotas for company boards. These varyingquota rules are new, and they can be a challenge for businesses operating in several EU countries.

• Public demand: Europeans strongly support better gender balance. In a recent Europe-wide opinion poll, 88% of people said that, given the same qualifications and skills, women should be equally represented in top business jobs and 75% said they were in favour of legislative measures to enforce this.

Background

On 1 March 2011, EU Justice Commissioner Reding met chief executives and chairs of boards of publicly listed companies to discuss the under-representation of women on corporate boards. She challenged all publicly listed companies in Europe to sign up to the “Women on the Board Pledge for Europe” and commit voluntarily to increasing women’s participation on corporate boards to 30% by 2015 and to 40% by 2020 (see IP/11/242 and MEMO/11/124).

A year later, only 24 companies had signed the pledge, prompting the European Commission to launch a three month long public consultation that closed at the end of May, seeking the opinion of citizens and stakeholders. (IP/12/213) The number of responses received shows the great interest in this matter: the Commission received responses from almost 500 individuals, companies, organisations and governments from all over Europe.

The Commission is now analysing the responses and preparing an economic analysis. The Commission’s Legislative Work Programme for 2012 announces a legislative initiative on improving the gender balance in companies listed on stock exchanges.

For more information
European Commission – Gender balance in decision-making positions
Justice Directorate General Newsroom
Homepage of Vice-President Viviane Reding, EU Justice Commissioner

June 19, 2012: European Business Schools, Senior Executive Women and European Industry Associations meet with European Commission Vice President Reding in Brussels to create new framework for Global Corporate Governance in the 21st Century

Clear Message of Smashing Myths and Shattering Ceilings to Corporate Europe: “The Ball is now in your Court”

Brussels, 19 June 2012: At a high-level meeting today, Chairs of Europe’s Industrial and Employee Associations, Deans of Europe’s leading business schools, and Senior Executive Women furthered their support of European Commission Vice President Reding’s mission to attain Gender Diversity not only on Europe’s Corporate Boards but on those throughout the world.

With more than 7000 “Board Ready Women” being put forth by Business Schools and Senior Executive Women throughout Europe, the USA, and India, it is clear that Vice President Reding’s initiative is gaining worldwide momentum and that the role of business schools in identifying, promoting, educating, and training women is key to obtaining a more effective, ethical, and harmonious corporate governance throughout Europe and the world.

Smashing Myths and Shattering Ceilings: Vice President Reding noted the work by Europe’s leading Business Schools and Senior Executive Women to establish global criteria for Board Selection and then identifying thousands of alumnae, women faculty, and sitting women board members. Senior Executive Women, usually on boards themselves, powered into action peer networks across the globe to help smash the “lack of availability myth” – often cited by corporations and sometimes even the executive search firms tasked with the identification of candidates to support achievement of gender diversity on boards –proving that there are more than enough eminently qualified women to help lead Europe’s and the world’s corporations into the 21st century, and that it is now time to shatter the ceiling that has kept these women from ascending to board of directors positions.

Response to Vice President Reding’s Public Consultation on Gender Diversity in Europe’s Corporate Board Rooms: The European Business Schools and the Senior Executive Women also organized individual responses to Vice President Reding’s Public Consultation on Gender Diversity in Europe’s Corporate Board Rooms. This followed the group’s “Call to Action” published on 05 December 2011 in cooperation with McKinsey and the group’s first publication of 3500 Board-Ready Women with selection criteria guidelines on 07 March 2012. The group’s individual responses to the Public Consultation revealed a majority trend that while European Business Schools and Senior Executive Women were not in favor of quotas, particularly given all the work that they have done to draw the attention of corporations to the supply of eminently qualified women to serve on boards, such measures should be put in place for a limited time to obtain 30% gender diversity by 2014 and 40% by 2020 in Europe’s Corporate Board Rooms.

Gender and International Diversity: Vice President Reding also noted with satisfaction that the European Business School/Women on Boards initiative had more than doubled the number of Board Ready Women published from 3500 on 07 March 2012 to more than 7000 today and that this increase was due to a more wide- spread geographic representation among the European Union member countries, including notably Germany and Italy as well as the newer member countries such as Romania and Bulgaria and even extending to the United States and India. The European Business Schools/Women on Board initiative themselves note that gender diversity also very often means international diversity into new markets and this is helping all corporations towards a new global corporate governance for the 21st century,

The European Business School/Women on Board initiative is now partnering with a global, professional database organization in order to make their lists more transparent and accessible to corporations and executive search firms and will soon announce the publication of this database.

Please see below the members of the European Business School/Women on Board initiative supporting Vice President Reding’s initiative:

Business Schools:
Bocconi (IT)
Boston University Management Institute Europe (B) Cambridge Judge Business School (GB)
EADA (ES)
EDHEC Business School (FR)
EFMD – European Federation of Management Development ESMT (DE)
HR College of Commerce and Economics (India)
IAUW – International Association of University Women (global) IESE (ES)
IFPM Female Board Pool at the University of St.Gallen(CH)
IMD (CH)
INSEAD (FR)
Kellogg School of Management (USA)
London Business School (GB)
Oxford (GB)
RSM (NL)
University of Mumbai (India)

Professional Organizations:
American Chamber of Commerce France and Spain Bellisario Foundation
BoardEx
Business and Industry Advisory Council (OECD)
IFA Institut Francais des Administrateurs
Deutscher Juristinnenbund e.V.
EPWN (European Professional Women’s Network)
Forte Foundation – Major Corporations and Business Schools (global) The Financial Times Non-Executive Directors’ Club
TIAW – The International Alliance for Women
GTWN – The Global Telecom Women’s Network
WiTT – Women in Telecoms and Technology
WCD – Women Corporate Directors (Global)
Women’s Forum of New York (USA)

Corporate Women:
Lady Barbara Judge (UK)
Bridget Cosgrave (IR/CAN)
Lori Gonnu (FR/USA)
Candace Johnson (LUX/USA)
Cristina Vicini (IT)
Lesley Stephenson (GB)
Brigitte Boone (BE)
Audrey Mandela (UK)
Indu Shahani (India)
Susan Ness (USA)
Ingrid Silver (UK)

For more information, please contact: info@gtwn.org

May 07, 2012: European Business Schools/Women on Board initiative responds to “Public Consultation” and adds senior executive women, Business Schools and organizations to their ever‐growing list of “Board Ready Women” in support of European Commission Vice President Viviane Reding’s call to increase Women on Boards to 30 % by 2014 and 40 % by 2020

Momentum grows as initiative adds Italian Parliament, Bocconi, Fondazione Bellisario, EFMD, International Association of University Women, Deutscher Juristinnenbund e.V., (German Women Lawyers Association), Geneva Group International, American Chamber of Commerce in France, and Corporate Women to group.

07 May 2012, Brussels: The European Business Schools/Women on Boards initiative has announced today that the Italian Parliament, Bocconi University, Fondazione Bellisario, the European Federation of Management Development (EFMD), the International Association of University Women ((IAUW), Geneva Group International (GGI), the American Chamber of Commerce in France and Corporate Women have all joined together with the their initiative to support Vice President Reding’s campaign to get more women on Europe’s publicly quoted corporate boards. The European Business Schools/Women on Boards is in particular widening their efforts to identify as many Board Ready Women as possible throughout all the member states of the European Union and beyond since they firmly believe this is a global initiative and that Europe is leading the way.

In an interim report on their progress growing from their inception just a little over 8 months ago, the European Business Schools/Women on Boards initiative announced that they will have doubled the number of their 3500 “Board Ready Women” list published on 07 March to 7000 “Board Ready Women” in just 2 months with the inclusion of the Italian Parliament/Bocconi and Fondazione Bellisario lists as well as the International Association of University Women, Geneva Group International (GGI), the American Chamber of Commerce in France and Corporate Women, and the European Federation of Management Development (EFMD).

The EFMD gathers more than 700 Business Schools and Corporate Members throughout Europe and the world and is the premiere rating agency for business schools. They will now be contacting all of their members to participate in the initiative’s program of listing “Board Ready Women” according to the group’s selection criteria guidelines http://www.edhec.com/html/Communication/womenonboard.html, as well as urging all of their members to respond to Vice President Viviane Reding’s Public Consultation:

In addition, the group’s members will all be replying to the Public Consultation launched by Vice President Reding on this initiative. http://ec.europa.eu/justice/newsroom/gender‐equality/opinion/120528_en.htm

The group notes with satisfaction that since the publication of their Call to Action on 05 December 2011 and their publication of Board Ready Women together with selection criteria guidelines on March 7th, a growing number of business schools, universities and professional associations have shown interest in the work of the EBS/WOD task force.

In the coming months, the group will therefore focus on 3 priorities:

  • Extend the geographical coverage of the list of board‐ready women to more European countries
  • Increase in the number of participating business schools and professional organizations to reflect the full breadth of the European female board‐ready talent pool
  • Growing the Data Base of board‐ready women profiles

Contact: info@gtwn.org

For more information:

http://www.edhec.com/html/Communication/womenonboard.html, http://www.gtwn.org/call_to_action/

May 07, 2012: European Business Schools/Women on Board initiative annouces cooperation with the Italian Parliament Bellisario Foundation and Bocconi in support of European Commission Vice President Viviane Reding’s campaign to attain gender diversity in Europe’s publicly quoted corporations Board

2000 Women to be added to the ever growing list of “Board‐Ready” Women being compiled by the European Business Schools/Women on Board initiative.

May 2012, Brussels: The European Business Schools/Women on Board initiative announced today that they are cooperating with the Italian Parliament, the Bellisario Foundation and Bocconi University support European Commission Vice President Reding’s campaign to attain gender diversity in Europe’s public quoted corporations board rooms.

On the occasion of the Italian Cultural Institute’s “Women on Board” Seminar taking place in Brussels in support of Vice President Reding’s “Public Consultation” on the matter and in the presence of the Godmothers of Italy’s “Board Women Quota” regulation, Lella Golfo, Member of the Italian Parliament; Alessia Mosca, Member of the Italian Parliament, the European Business School/Women on Board initiative is delighted to welcome the cooperation with this prestigious group of women in the Italian Parliament, the Bellisario Foundation, and Bocconi University to bring forward the agenda of corporate governance in the 21st century.

More than 2000 women have been identified as”Board Ready” by the Italian group. These women will be added to the European Business School/Women on Board initiatives growing list of “Board Ready” Women and published on their web site along with the group’s “Call to Action” which was written together with McKinsey & Co. and Europe’s leading business schools .

The European Business Schools/Women on Board initiative is also particularly pleased to welcome Bocconi University as a member of the European Business Schools initiative together with such renowned universities as Cambridge, Oxford, Edhec Insead, St.Gallen, Rotterdam School of Managemtn, etc. , which not only support the Women on Board campaign but which makes a strong plea for developing the entire eco-system of women in corporations from entry to board level.

Finally, the European Business Schools/Women on Board initiative would like to pay specific homage to the Bellisario Foundation and Marisa Bellisario who pioneered the role of women in telecommunications and business in Italy and throughout the world. The Bellisario Foundation joins such prestigious groups as the Global Telecom Women’s Network and Women in Telecoms and Technology, all of who would not have been possible without Marisa Bellisario, in this initiative.For more information: info@gtwn.org http://www.edhec.com/html/Communication/womenonboard.html, http://www.gtwn.org/call_to_action/