Friday, June 29, 2012

Over-achieving and under-represented: The case for women on boards

The Vice President of the European Commission, Viviane Reding, says quotas are the only way to move women into the boardroom quickly enough. But will this really open the door? Virginia “Ginni” Rometty may not be a name you are familiar with but by the New Year it will be. On 1st January 2012 she takes over the helm at IBM and, as the first female CEO of one of the largest technology companies in the world, her every move in and out of the boardroom will be watched, scrutinised and publicised across the business pages. Her appointment is a rarity in Corporate America. There are currently only 12 women CEOs/Presidents in the Fortune 500 and while Rometty will be joined by e-Bay founder and erstwhile political contender Meg Whitman, who takes over at Hewlett Packard on the same day, the American boardroom is still a male preserve. Cross the Atlantic and the European boardroom is a little more diverse but not by much. See Video.