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

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

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)
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)
Kellogg School of Management (USA)
London Business School (GB)
Oxford (GB)
University of Mumbai (India)

Professional Organizations:
American Chamber of Commerce France and Spain Bellisario Foundation
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:

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:, 

March 07, 2012: European Business Schools and Senior Women Executives Publish First List of 3,500 Board-Ready Women

Group hails European Commission Vice President Reding’s call to shatter Glass Ceiling in Europe’s Board Rooms and improve corporate governance for 21st Century Europe

07 March 2012: The European Business Schools/Women on Board initiative has published a first list of more than 3500 board-ready women to bring Europe into the 21st Century and support European Commission Vice President Reding’s initiative to shatter the glass ceiling for women in Europe’s publicly listed corporation’s board rooms.

The list includes individual profiles of 150 senior executive women who are publicly supporting Commissioner Reding’s initiative as well as European Business Schools who have culled their alumnae, faculty, and Board members to identify more than 3500 “board ready” women.

The group has also published five sets of criteria for board membership. These criteria were used as guidelines for the selection of the individual women and by the business schools for their selection of board ready women (see below).

The group includes Business Schools such as IESE (ES), EDHEC (F), INSEAD (F), Cambridge Judge Business School (UK), IMD (CH) , RSM (NL), Boston University Leadership Institute(BE), ESMT (D) and the business school association EFMD (European Foundation of Management Development) as well as professional organizations such as the GTWN (Global Telecom Women’s Network), WiTT (Women in Telecoms and Technology), WoB (Women on Boards), the FT Non- Executive Director’s Club, EPWN (European Professsional Women’s Network), IFA (Institut Francais des Administrateurs), TIAW (The International Alliance for Women).

Lady Barbara Judge, Bridget Cosgrave, Sherry Coutu, Claire Enders, Janice Hughes, Audrey Mandela, Candace Johnson, Brigitte Boone, Lori

Gonnu, Cristina Vicini, Helene des Lauriers, and Lesley Stephenson head up the corporate women of the group, complemented by European Business School senior women professors Bettina Buechel, Monique Valcour, Joelle du Lac, Diane Bevelander, Herminia Ibarra, and Nuria Chinchilla.

The group would like to emphasize that this first list represents but a very small tip of the iceberg and is meant to inspire individual women, organizations, and business schools to publish similar lists which can be made available to corporations and head-hunters throughout Europe and the world.

The group which published a “Call to Action” on 05 December 2012 (see below) with concrete steps to improve corporate governance and gender equality in general also recognizes the need for this improvement throughout the entire management chain as well as at the governance level for publicly quoted companies, family-owned businesses and SME’s.

By publishing this first list, the group believes it will do away with oft- cited remarks such as “there are not any qualified women” and “where can board ready women be found”. It also believes that such a list will help increase not only the gender diversity but also the international diversity of companies since many corporations may wish to avail themselves of the talent of senior executive women from other countries than where they are based.

The list includes:


1) 181 senior executive women who support Vice President Reding’s initiative and who have been identified by the European Business School/Corporate Women initiative by each member simply recommending 10 other women in their professional circles, as well as the GTWN (Global Telecom Women ‘s Network), Women in Technology and Telecommunications (WiTT), and Women on Board (Belgium)

BUSINESS SCHOOL Alumnae, Faculty and Board Members (For Privacy and Data Security reasons, the alumnae contact has been given for each school)

1) London Business School has 330 Alumnae they have identified as Board Ready – 330. (

2) Cambridge Judge Business School has identified 160 women from its networks who are either already on boards or board ready according to the criterion provided – 160. (

3) EDHEC has 300 Alumnae, Faculty and Board Members they have identified as board Ready – 300. (

4) ESMT – Out of 24 women Executive MBA alumni from its three graduated Executive MBA classes, ESMT has identified 6 board ready women – 6. (,

5) IESE has identified 900 women in top executive positions, 155 of whom are on boards already and 300 of which are board ready currently and the rest will become board ready in the coming years – 455/900. (

6) The IFPM Female Board Pool at the University of St. Gallen/Switzerland has identified 526 women who are Board ready (245 from their Female Board Pool Network and 281 women who work at the Board of Directors or Top Management Team level of Swiss companies) – 526. (

7) IMD has identified amongst its alumni 348 board-ready women with more than 25 years of experience plus 12 senior Faculty – 360. (

8) INSEAD has identified 2000 women — 67 of whom are on boards already 500 of which are currently board ready and the rest will become board ready in the coming years – 567/2000. (Ludo.van-der-,,

9) RSM (Rotterdam School of Management/Erasmus University) has identified 32 board ready women – 150. (

10) IFA (Institut Francais des Administrateurs) has 250 women board- ready or active on boards with readily available biographies – 250. (

11) The Financial Times Non-Executive Directors’ Club currently have 105 people undertaking the new Financial Times Non-Executive Director’s Certificate which provides a formally recognized qualification for non-executive directors, 27 of whom are women – 27. (

12) TIAW – The International Alliance for Women has 50 board ready women in Europe – 50. (

13) Boston University Leadership institute Europe has identified 50 board ready women – 50. (

14) GTWN – The Global Telecom Women’s Network which has contributed more than 30 names to the names and profiles publicly listed. (

15) WiTT – Women in Telecoms and Technology has identified more than 70 individual senior executive women publicly supporting this initiative. (

16) WoB – Women on Board has identified 90 Senior Executive board- ready women in Belgium alone. (

17) The EPWN (European Professional Women’s Network) has identified 349 members across their networks throughout Europe – 349. (

For more information, please contact: info@gtwn.orgFor full list of 3500 women please consult the attached pdf file.For Selection Criteria Guidelines, please consult the attached pdf file.

The European Business Schools/Women on Board initiative and Call to Action:

Already on 26 September 2011, a group of leading European Business School Deans and Women Corporate Directors met with European Commission Vice President Reding to find concrete ways of shattering the glass ceiling for women in Europe’s corporate board rooms.

Background to European Business School/Women on Board participants:

On 05 December, the group issued the following Call to Action:


European Commission Vice-President Viviane Reding furthered her initiative to obtain more gender balance in European boardrooms by joining together with Europe’s leading business schools and the female board members within their eco-systems to support their launch of a “Call to Action” to shatter the glass ceilings impeding senior women executives from acceding to corporate boardroom seats throughout Europe.


Business schools hold one of the keys to obtaining more women in the corporate boardrooms of Europe over time and this because of three reasons:

■ As a question of ethics and performance, business schools should promote and advocate the diversity of leadership of which female leadership makes an integral part
■ Business schools form one of the key sources of the development of new future talent. They develop our future (male and female) leaders
■ Business schools have a unique access to both our female leadership and to the corporate and academic world and can act as an ‘intermediary’ and catalyst

Business schools have an important role to actively promote female leadership and to build awareness in the corporate world. They are one of the starting points of female executive talent development.


The following “Call to Action” identifies specific actions for business schools to take and/or which are already being taken to promote current senior female leadership in Europe in the corporate world and at the same time ensure that the pipeline of female talent is filled.

The initiatives below are a synthesis of the actions put forward by concerned, contributing business schools and the female board members in their eco- systems, committed to making this happen. McKinsey & Company has facilitated the synthesis of the actions and provided further fact base and insights from the McKinsey’s Women Matter research. The implementation and success of the respective measures will be tracked by the Women on Board Task Force which is currently in place within the Directorate of Justice, Fundamental Rights and Citizenship at the European Commission.

The “Call to Action” for Europe’s business schools to shatter the glass ceiling in Europe’s Board Rooms comprises 4 pillars:

■Pillar 1: Play a prominent role in identifying and promoting qualified senior female leadership from their eco-systems
■Pillar 2: Inspire and enable women participate and gain entrance to professional and informal networks and networking which provide mentoring and promote gender equality
■Pillar 3: Increase the inflow of women in business schools
■Pillar 4: Adapt the curriculum and focus more on capability building

Boston University Institute of Leadership Brussels (B)

Cambridge Judge Business School Cambridge University (UK)

EDHEC Business School (F)

EFMD – European Foundation for Management Development

Erasmus University: Rotterdam School of Management (NL)




University of St. Gallen: Institute for Leadership and Human ResourceManagement – Female Board Pool (CH)

Brigitte Boone – Fortis Private Equity Group
Bridget Cosgrave – SES (L), Steria (F)
Hélène Deslauriers – Fluxys (B)
Lady Barbara Judge -Statoil ASA (Norway), NV Bekaert SA (Belgium) and Magna International Inc (Canada)
Lori Gonnu – Truffle Capital Investee Companies (F)
Candace Johnson – Succes Europe (F), Inovent (TR) and long-time SES (L)
Lesley Stephenson – Financial Times Non-Executive Directors Club
(The above Women Corporate Directors are also Alumnae and/or Board Members of Harvard Business School, London Business School, EDHEC, Wharton, INSEAD, and SOAS)

European Professional Women’s Network

Financial Times Non-Executive Director’s Club

GTWN – Global Telecom Women’s Network

GUBERNA – Belgian Governance and Board Members Association w&Itemid=131

Institut des Administrateurs (F)

TIAW – The International Alliance for Women

WiTT – Women in Telecoms & Technology

WOB – Women on Board (B)