BREAKING NEWS Woman injured in fireworks accident Full Story

The key to more female CEOs: More female board members

You've seen the headlines about the lack of female leadership, the challenges women overcome to reach the C-suite and...

Posted: Jun 8, 2018 6:27 PM
Updated: Jun 8, 2018 6:27 PM

You've seen the headlines about the lack of female leadership, the challenges women overcome to reach the C-suite and the dwindling numbers of women at the top.

Some companies are testing out structured mentoring, empowerment programs and ambition summits to fix the problem and correct gender imbalances. But other experts say this may not be a bottom-up problem as much as a top-down one, which begins with a startling lack of diversity on company boards.

Related: Why it matters so much every time a woman CEO leaves

A majority of companies in the S&P 500 have at least one woman on their boards, but only 25% have two, according to a recent study from PwC.

In order for boards to appoint more female CEOs, there first have to be more female board members to vote for them, says Anna Beninger, senior director of research and corporate engagement partner at Catalyst, a non-profit studying women and work.

"It's complicated when you look at the board, but we have to appreciate the incredible influence that they have in determining who is going to be that CEO-level role, and notably, if they stay and how successful they are," she says.

Related: This is what women have to do to become CEO

There's a direct line between diversity on boards and diversity in the C-suite, says Paula Loop, a leader at PwC's governance insights center.

"If you have more diversity on the board, it'll help the talent management oversight role that the board is responsible for," she says. "You'll start to see more push around gender diversity."

Women may be the most vocal advocates for diversity sitting on those boards, according to the PwC study. Women were "notably more likely" than men to consider different factors that could help recruit more minorities and women.

Term limits could also help increase board turnover and free up seats for younger, more diverse candidates, Beninger says.

Loop serves on the board of PwC, her first board appointment. She credits the power of her network with connecting her to the position.

"I think the challenge is that you do have some very talented female executives that would do well on a board, but one of the key enablers to finding a board position is your network," she says. "If you don't have a robust or deep personal network that you can leverage to get onto a board, that'll be a hurdle you have to figure out how to get over."

Huntsville
Overcast
75° wxIcon
Hi: 89° Lo: 71°
Feels Like: 75°
Florence
Few Clouds
76° wxIcon
Hi: 90° Lo: 72°
Feels Like: 76°
Fayetteville
Clear
73° wxIcon
Hi: 87° Lo: 71°
Feels Like: 73°
Decatur
Overcast
75° wxIcon
Hi: 89° Lo: 70°
Feels Like: 75°
Scottsboro
Broken Clouds
73° wxIcon
Hi: 90° Lo: 71°
Feels Like: 73°
WAAY Radar
WAAY WAAY-TV Cam
WAAY Temperatures

Alabama Coronavirus Cases

Confirmed Cases: 41362

Reported Deaths: 983
CountyConfirmedDeaths
Jefferson4944152
Montgomery4021103
Mobile4005134
Tuscaloosa222642
Marshall170210
Lee135937
Madison13597
Shelby122723
Morgan10715
Walker91424
Elmore90314
Franklin88914
Dallas8799
Baldwin8469
Etowah72713
DeKalb7075
Butler62428
Chambers62427
Tallapoosa58869
Autauga58312
Russell5450
Unassigned50323
Lauderdale4896
Limestone4810
Houston4794
Lowndes46721
Cullman4394
Pike4205
Colbert3916
Coffee3732
Bullock36810
St. Clair3662
Covington3547
Barbour3472
Escambia3376
Calhoun3325
Hale31021
Talladega3037
Marengo30211
Wilcox2908
Sumter28412
Dale2820
Clarke2736
Jackson2682
Winston2543
Chilton2392
Monroe2342
Blount2301
Pickens2276
Marion21913
Conecuh2047
Randolph2009
Choctaw19512
Bibb1871
Macon1859
Greene1838
Perry1701
Henry1323
Crenshaw1253
Lawrence1070
Washington1057
Cherokee857
Geneva790
Lamar751
Fayette681
Clay642
Coosa581
Cleburne361
Out of AL00

Tennessee Coronavirus Cases

Confirmed Cases: 50140

Reported Deaths: 637
CountyConfirmedDeaths
Shelby11560198
Davidson10726118
Rutherford291935
Hamilton271635
Sumner159352
Trousdale14965
Williamson126815
Out of TN11647
Knox11425
Wilson91017
Putnam8827
Robertson82611
Sevier7903
Lake6910
Bradley6743
Tipton6375
Unassigned6351
Bledsoe6191
Bedford5595
Montgomery5497
Macon4523
Maury3423
Hardeman3295
Hamblen3174
Fayette3122
Madison2912
Loudon2801
Rhea2780
Dyer2481
McMinn23218
Cheatham2251
Blount2183
Dickson2060
Cumberland1804
Lawrence1576
Washington1490
Lauderdale1433
Monroe1386
Anderson1342
Gibson1281
Jefferson1270
Coffee1170
Smith1161
Sullivan1162
Obion1122
Hardin1097
Greene1012
Cocke910
Haywood912
Marshall891
Franklin843
Wayne820
Hickman800
Warren730
Marion704
White703
McNairy690
DeKalb660
Lincoln630
Weakley631
Overton611
Roane610
Grundy591
Giles581
Carter571
Hawkins562
Unicoi550
Campbell481
Carroll481
Henderson450
Polk450
Claiborne440
Henry440
Johnson440
Grainger420
Sequatchie380
Cannon360
Crockett353
Chester340
Perry340
Meigs320
Humphreys271
Jackson260
Morgan251
Stewart230
Decatur220
Fentress220
Union180
Scott170
Clay160
Houston150
Benton131
Moore120
Van Buren80
Lewis60
Pickett60
Hancock40

 

 

Community Events