Archive | October, 2011

Why women? A few suggestions

17 Oct

Yes – still here,  still blogging and prompted to do so again by noting that there’s a link to the Gender Blog on my new employer’s intranet – so hello, new colleagues from the Women Professionals Portal!

Here I am in my new hard hat,  as handed out during induction on Day One a couple of weeks ago.

My next post will be about what I’ve been up to in recent months but here in the interim is a useful reminder,  courtesy of Forbes Women, as to the value women bring to leadership positions.

List compiled by Magus Consulting.

• “…. Companies with three or more women in senior management functions score more highly on average (on nine dimensions of company excellence). It is notable that performance increases significantly once a certain critical mass is attained, namely, at least three women on management committees for an average membership of 10 people. “ (Women Matter, McKinsey 2007)

• “Fortune 500 companies with the highest representation of women board directors attained significantly higher financial performance, on average, than those with the lowest representation of women board directors.” (Catalyst, October 2007)

• “A selected group of companies with a high representation of diverse board seats (especially gender diversity) exceeded the average returns of the Dow Jones and NASDAQ Indices over a 5 year period.” (Virtcom Consulting)

• “An extensive 19-year study of 215 Fortune 500 firms shows a strong correlation between a strong record of promoting women into the executive suite and high profitability. Three measures of profitability were used to demonstrate that the 25 Fortune 500 firms with the best record of promoting women to high positions are between 18 and 69 percent more profitable than the median Fortune 500 firms in their industries.” (European Project on Equal Pay and summarized by researcher Dr. Roy Adler in Miller McCune).

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