Managing Partner » Key To Board Diversity – Pass A Law

Key To Board Diversity – Pass A Law

December 19, 2018

woman looking at modern city
Diversity advocates who lobby corporations about seating women on their boards are wasting their time. They should be lobbying congress. According to a study by executive search firm Egon Zehnder, virtually all countries that average three or more women on corporate boards operate under a gender quota system mandated by the government. The only exception is Sweden. Large corporations in the U.S. average 2.5 female directors, a figure that shows little sign of growing. Most companies won’t appoint anyone who hasn’t served as a CEO, which diminishes the pool of eligible female candidates considerably. California recently passed a law requiring at least one woman on boards with headquarters in the state by next year, and three by 2021.

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