Monday, August 11, 2008

More Lady Board Members, More Lady Bosses

I'm still catching up on things that were released while I was away mooning over honey. And here's one I particularly wanted to share, as it's from one of my favorite orgs, Catalyst.

According to a new study released on July 23, Advancing Women Leaders: The Connection Between Women Board Directors and Women Corporate Officers, the more women on the board, the more women higher ups. To wit:

-Companies with 30 percent women board directors in 2001 had, on average, 45 percent more women corporate officers by 2006, compared to companies with no women board members.

-Companies with the highest percentages of women board directors in 2001 had, on average, 33 percent more corporate officers in 2006 than companies with the lowest percentages.

-Companies with two or more women members on a company’s board in 2001 had 28 percent more women corporate officers by 2006 than companies with one woman board member in 2001.

Seems rather significant in this era when folks continue to scratch their heads and ask "where are the women in senior management?" The study drew on data from the 359 companies that were in the Fortune 500 during the years under investigation, 2000, 2001, and 2006. For more on the results, click here.

1 comment:

Virginia Rutter said...

Related research: In "Working for the Woman? Female Managers and the Gender Wage Gap" (October 07 issue of the American Sociological Review), Philip Cohen and Matt Huffman demonstrate that the greater representation of women in management jobs narrows the wage gap among non-management workers. When ladies are boss, all the ladies do better. But for it to really make a difference, women need to be in the higher levels of management. In fact, the authors reference the "title inflation" phenomenon: they saw evidence of a concentration of women in lower management--and that concentration doesn't give the workers much relief in terms of the gender wage gap. Reason I like this story--and the one on board membership here--is that it gives us concrete evidence for the glass ceiling, and why breaking through matters.