Optimizing Board Effectiveness with Gender Diversity : Are Quotas the Answer?
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World Bank, Washington, DC
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Women are underrepresented on corporate
boards but are quotas the answer? Not according to the
author. Annemarie Durbin cites evidence that using quotas to
increase female representation can lead to tokenism,
diminish the overall value of diversity on boards, affect
board dynamics, and potentially lead to diluted commitments
from existing female board directors. She recommends that,
instead of quotas, companies should take a holistic approach
toward improving board nominating criteria and processes,
developing female middle and senior management talent, and
ensuring positive dynamics among diverse board members.
Palabras clave
ADVICE TO WOMEN, ADVOCACY, BOARD MEMBERS, BOARD MEMBERSHIP, CEOS, CHEMISTRY, CHIEF EXECUTIVE, CHIEF FINANCIAL OFFICER, COMPANY, CORPORATE BOARD, CORPORATE BOARDS, CORPORATE FINANCE, CORPORATE GOVERNANCE REFORM, CORPORATE PERFORMANCE, CORPORATE SOCIAL RESPONSIBILITY, CORPORATION, CORPORATIONS, COURT, CUSTOMER BASE, ECONOMIC CLIMATE, ECONOMICS, EMPLOYEE, FEMALE, FEMALE ENTREPRENEURS, FEMALES, FINANCES, FINANCIAL PERFORMANCE, FINANCIAL PRODUCTS, FINANCIAL SERVICES, GENDER, GENDER DIFFERENCES, GENDER GAP, GLOBAL CORPORATE GOVERNANCE, GROUP OF WOMEN, INDEPENDENT DIRECTORS, INDIVIDUALS, INTERNATIONAL BUSINESS, INTERNATIONAL FINANCE, LAWS, LEADERSHIP PROGRAM, LIMITED, LOAN, LTD., MANAGERS, NONPROFIT ORGANIZATION, PRIVATE SECTOR, RISK MANAGEMENT, SHAREHOLDER, SHAREHOLDER VALUE, SHAREHOLDERS, SHARIAH, SOCIAL RESPONSIBILITY, SPONSORSHIP, STAKEHOLDERS, STOCK EXCHANGE, SUBSIDIARY, WILL, WOMAN, WOMEN ENTREPRENEURS, WOMEN IN BUSINESS