It is not unusual for even large corporate boards to have no women or minorities
ID: 426591 • Letter: I
Question
It is not unusual for even large corporate boards to have no women or minorities on them. In the US, women held 16 percent of board seats at Fortune 500 companies in 2012. In her 2013 book, Lean In, Sheryl Sandberg points out that this number has been flat for 10 years— or, as she puts it, there has been no progress in the past 10 years. In Europe, of the total number of board members in Britain, only 12 percent were women; Spain, France, and Germany all had less than 10 percent. In Norway, by contrast, female members comprised 40 percent of the boards.
So how did Norway do it? In 2005, the government of Norway gave public firms two years to change their boards’ composition from 9 percent female to 40 per-cent female. Is this a good idea? Spain, Italy, France, and the Netherlands must think so: Each country is considering implementing a similar quota (though generally with more than two years to implement it).
Questions
b. Why has representation by women on US boards not increased over the past 10 years? What actions could be taken by companies to increase participation? What actions could be taken by women who seek to be directors?
Explanation / Answer
Women needs to be given equal opportunities to become a part of everything. The situation in US is same from 10 years because no efforts were put in to increase the percent or even women did not try to get their share. This situation must be changed . The government must bring in orders for increasing the percentage of women . Women who want to be directors must come out and put in efforts to get what they want. The situation must be changed in such a way that seats are considered as per eligibility and based on gender.
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