Janice Reals Ellig, Chair of the Corporate Board Initiative and Past President of the Women’s Forum of New York, authored an editorial appearing in the Huffington Post this week, “The Case for “Breaking into Boardrooms:” A Call for Gender Parity on S&P 500 Boards by 2025.”
The article indicates that according to current rates of board-membership growth for women (as documented by Catalyst) we would not reach gender parity in U.S. boardrooms until 2090. A statistic which may come as a shock at a time when more workplaces appear to be taking heed of the importance of gender balance among executives.
Ellig writes, “more women on boards is not the nice thing to do – it is the right thing for two compelling reasons: groupthink does not lead to good decision making and gender diversity on boards is highly correlated with stronger company financial performance.”
Janice Reals Ellig is Co-CEO of Chadick Ellig, an executive search firm based in NYC (www.chadickellig.com). Janice’s prior 20-year corporate experience includes Pfizer, Citibank and Ambac Financial Group, which she helped take public.
Janice has co-authored two books: Driving The Career Highway, 20 Road Signs You Can’t Afford To Miss (2007) and What Every Successful Woman Knows: 12 Breakthrough Strategies to Get the Power and Ignite Your Career (2001).
In 2011, the Women’s Forum of New York launched the Women’s Forum Corporate Board Initiative, which Ellig chairs, in an effort to increase the pool of qualified women candidates for corporate boards. Currently the Women’s Forum of New York keeps a “Women’s Forum Corporate Board Database” This national database, housed and administrated by the Women’s Forum of New York, is accessible free of charge to “only” Board Nominating Committees and Search Firms, verified as such. The intent is to increase the pool of board-ready women candidates who have the sponsorship of CEOs/Board Chairs.
To read the full article from Huffington Post click here.