WCD Supports Women’s Voices - at Davos and Around the World
As a not-for-profit foundation with a two-fold mission, WomenCorporateDirectors (WCD) seeks to inspire and educate female board members around the globe, and to serve as a powerful advocate for greater diversity on corporate boards. We are pleased to lend our support to the Women’s Voices social media campaign being launched this week at the World Economic Forum in Davos, to showcase the power of women helping to create a shared future in a fractured world.
Societies everywhere are pushing for a sea change in corporate culture. Organizations can no longer afford to accept the “status quo.” Today, companies need to demand diversity on their boards of directors and to engage and recruit women of every ethnicity and professional background.
Multiple research studies have found that board diversity leads to a greater return of equity. However, outdated and uninformed attitudes have continued to hinder the growth in the number of qualified professional women recruited to serve as board members.
WCD, Spencer Stuart, and the Harvard Business School conducted a recent study of thousands of male and female board members from around the world. This survey found that male directors, especially older respondents, reported that the “lack of qualified female candidates” was a primary reason boards lack women members. However, women directors saw another reason for the lack of women on boards: women respondents saw that diversity is not a priority in board recruiting and that traditional networks tend to be male-dominated.
I’m here to tell you that the “lack of qualified female candidates” is a myth. If you are seeking qualified women to serve on your board, please contact WCD. We have thousands of members who have proven themselves in the boardroom and are ready to shepherd crucial changes in today’s corporate culture.
Remember, when the #FutureIsInclusive, we all win.
Susan C. Keating
CEO, WomenCorporateDirectors Foundation