WASHINGTON, DC: Research suggests that the presence of women on boards contributes to improving corporate performance. Yet, globally over 90 percent of directorships are held by men. To better understand the opportunities for and obstacles to increasing the number of women on boards, the International Finance Corporation (IFC) invited over 15 prominent male chairpersons, CEOs, and directors of listed and unlisted companies across a range of industries and countries to share their opinions on how women add value to the corporate decision-making process. They offer practical ideas on how to encourage recruitment of women to boards through networking, training, and improving transparency of the director nomination process.
Released recently, Women on Boards: A Conversation with (Male) Directors features MACD Deputy President, Paul W Chan, who shares insights on the presence of women on boards (see page 22 of report).