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Increased focus on gender diversity

An interesting comment from the Head of our Global Board practices Group:

The recent survey by Catalyst shows an increased focus on gender diversity on public company boards across the globe.

diversity

In the current economic climate -- for most countries, anyway – that does not require immediate turn-arounds or crisis management this is good news. Heterogenity is widely proven to be a stronger catalyst for both innovation and risk management (and thus ideal for growth scenarios), whereas homogenity in a team fosters fast decision-making and execution.

Nevertheless, companies around the world need to be more alert to the fact that pressure – in several countries in the form of direct legislation – for increased gender diversity is not going to go away. For this reason alone, I would advise all companies to make it a top priority to identify and attract the best qualified women to their boards. Several other studies on the subject over the years (notably from McKinsey & Co and Credit Suisse) suggest that there is quantifiable, positive impact to be found on a company's bottom line when there is representation from more than one woman on its board.

Whether for business reasons or because of regulation, no company today should neglect this issue. Consult with your trusted leadership advisor on how to move forward – and do it fast.

 

Jakob Stengel
Managing Partner
Global Head of Board Practice
Case Rose / InterSearch Denmark

About InterSearch Worldwide

InterSearch Worldwide is a global organization of executive search firms consistently ranked amongst the largest retained executive search practices in the world. InterSearch is currently operating with over 90 offices in more than 50 countries, staffed by local professionals selected for their experience and reputation in their own markets and their ability to operate internationally. Established in 1989, InterSearch prides itself on carefully selecting the best local firms to partner as a member of a global entity with high integrity, excellent reputation and vast experience in its local market, with the ability to operate internationally. Each partner is committed to excellence in every search and our Standards & Quality Committee (SQC) governs best practise across our network.
For additional information, please visit InterSearch.org.  Media contact: [email protected]

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