|
CWDI In the News |
TSX Market Open
November 6, 2008
|
Hear from Voice of
America
about CWDI's 2007 Report, released
in Berlin, Germany
|
NASDAQ
MARKET CLOSE
September 2006
CNBC, CNBC Asia, CNN International, CNN
Pipeline, Report on Business (Canada), New Tang Dynasty TV, Bloomberg &
Bloomberg Brazil
|
|
REPORT ON WOMEN
DIRECTORS
Reuters, MSN Money,
Washington Post, Boston Globe, Chicago Public Radio, Vermont Public
Radio, WBUR Boston, Interactive Investor (UK), Scotsman Business News
(UK), National Post (Canada), Edicom (France), Times of India, New Tang
Dynasty Television (China), Xinghua News (China)
|
Women and Corporate Boards
By Irene Natividad, Co-Chair, CWDI
Full Article
|
WASHINGTON (Reuters) - Top women
executives do slightly better at U.S.-based healthcare and pharmaceutical
companies than in other industries, but 35 percent of big drug companies do not
have a single female director, according to a new survey...
Full Article
|
|
|
|
Competition and Change:
A Directors Approach
Colloquium for Women Directors |
 |
TSX
Market Open
November 6, 2008 |
CWDI Co-Chair Irene
Natividad and Canadian women directors open the Toronto Stock Exchange
on
Thursday, November 6, 2008 with Institute of Corporate Directors
President Beverly Topping
and TSX Chair of the Board Wayne Fox.
More about the 2008 Colloquium for Women Directors |
|
CO-CHAIRS |
|
Irene Natividad
President, Global Summit of Women
|
Roger W. Raber
Senior Advisor and Former
President and CEO of the National Association of Corporate Directors (NACD) |
| |
|
INTERNATIONAL ADVISORY
COUNCIL |
.png)
Barbara Barrett
Board Director, Exponent & Raytheon (USA) |
Mary K. Bush
Board Director, Brady Corporation, Briggs & Stratton, Mortgage Guaranty
Insurance Corp., and Pioneer Family of Mutual Funds (USA) |
Patricia
Diaz-Dennis
Board Director, CarrAmerica Realty, Mass Mutual and UST (USA) |
Amparo Espinosa
Rugarcia
Board Director, Telmex (Mexico) |
Carol Hansell
Founding Board Director, Institute of Corporate Directors (Canada) |
Sungjoo
Kim
Board Director, MCM Inc. (Germany) |
Reatha Clark King
Board Director, Department 56, Inc., ExxonMobil, Wells Fargo (USA) |
Wendy Lucas-Bull
Board Director, Eskom, AVENG, Dimension Data PLC and NURCHA (South
Africa) |
Jocelyne Cote
O’Hara
Board Director, Manitoba Telecom/Allstream,
Protus
IP Solutions, Inc., and
Xerox Canada |
Merle Okawara
Board Director, J.C. Foods and Avon Japan |
Toni Rembe
Partner, Pillsbury Winthrop Shaw Pittman LLP; Board Director, SBC and
Aegon, N.V. |
Kate Rodin
Board
Director,
National Association of Directors; Former Board Director, OBOS Real
Estate Company and Aker Kvaerner ASA (Norway) |
Louise Tager
Board Director, Barloworld and ABT Diamond Cutting Works Ltd (South
Africa) |
Karen Hastie Williams
Board Director, Chubb Corporation, Continental Airlines, Gannett
Corporation, SunTrust Banks, Washington Gas & Light (USA) |
|
|
2008 CWDI
REPORT: IMPACT OF WOMEN CEOS ON WOMEN’S ACCESS
TO CORPORATE BOARD SEATS & THE C-SUITE |
 |
“These findings answer the question of
whether it matters if a woman is in charge,” states CWDI Chair
Irene Natividad (left). “Clearly women CEOs are far more likely
to bring in other women to corporate leadership roles. It is
unfortunate, however, that there are so few of them in both the
US and Canada,” she adds. |
|
KEY
FINDINGS |
- Companies with
women CEOs in both the US and Canada tend to have a much
higher average percentage of women board directors than
other companies in the Financial Post 500.
- The
percentage of women serving on the Board of Directors of
the 22 Canadian companies with women CEOs is 29%, more
than double the average of all companies in the
Financial Post 500, which is 13%.
Percentage
of Female Board Directors of All Financial Post 500
Companies and Financial Post 500 Companies with
Female CEOs.
Percentage of Female Board Directors of All Financial Post
500 Companies and Financial Post 500 Companies
with Female CEOs.
Complete
listing of Canadian companies headed by women
- The percentage of
women serving on the Board of Directors of the 14 U.S.
companies with women CEOs in Fortune 500 is 27.7%.
This is again nearly double the average of all companies in
the Fortune 500, which is 14.8%
Percentage
of Female Board Directors of All Fortune 500 Companies
and Fortune 500 Companies with Female CEOs
Complete
listing of US companies headed by women
|
- Companies with
women CEOs in both the U.S. and Canada on average also have
more women as executive officers:
- 32.4% of
executive officers of companies with women CEOs in the
Financial Post 500 are women, compared to 15.1%
of executive officers of all companies in the
Financial Post 500
Percentage of Female Board Directors and Female Executive
Officers of Financial Post 500 Companies with Female
CEOs and All Financial Post 500 Companies
- 21.6% of
executive officers of companies with women CEOs in the
Fortune 500 are women, compared to 15.4% of
executive officers of all companies in the Fortune
500
Percentage of Female Board Directors and Female Executive
Officers of Fortune 500 Companies with Female CEOs
and All Fortune 500 Companies
|
- Canadian
companies outpace U.S. companies in placing women in
leadership positions in the following:
- 22 women lead
Canadian companies in the 2008 Financial Post 500
compared to 14 women CEOs heading companies in the U.S.
Fortune 500.
- Five Canadian
companies with women CEOs -- Vancouver City Savings
Credit Union, Ontario Lottery and Gaming Corp., Canada
Post, Manitoba Public Insurance Company, and Workplace
Safety and Insurance Board -- have at least 50% of women
on their board of directors, while no U.S. company with
a woman CEO in the Fortune 500 reaches 50%.
- Two Canadian
companies – Vancouver City Savings Credit Union and
Indigo Books and Music -- with women CEOs have women as
half of their executive officers, while no U.S. company
with a woman CEO has a majority of women as executive
officers.
- Crown
corporations, on average, do the best job of placing
women on boards of directors and in executive officer
positions. Of the seven crown corporations with
women CEOs, the average percentage of women board
directors is 41.3%, compared to 22.4% of the other 15
Canadian companies with women CEOs.
- However, U.S.
women CEOs tend to run bigger companies.
Revenues of the
U.S. companies with women CEOs range from $61 billion to
$4.9 billion. Revenues of the Canadian companies with
women CEOs range from $9.6 billion to $482 million.
|
|
·
The top Canadian company
led by a woman CEO with the highest percentage of women
directors and senior officers is Vancouver City Savings
Credit Union with seven women directors on a board
of 11 members, a percentage of 63.6%. Vancouver City
Savings Credit Union also is one of two Canadian
companies with half of its Executive Officers comprised
of women. The other company is Indigo Books and Music. |
 |
|
·
In the U.S., the top
company for women with a woman CEO is Kraft Foods
with five women directors out of 12 for a percentage of
41.7%. Kraft also leads US companies with 44.4% of its
Executive Officers being women. |
 |
|
|
Methodology
CWDI identified the women
currently leading companies in the 2008 Financial Post
500 and 2008 Fortune 500 and analyzed the composition of
each of these companies’ Boards of Directors and Executive
Officers as listed in Annual Reports, 10-k filings with the US
Securities and Exchange Commission, documents submitted to the
Ontario Securities Commission, federal filings necessitated by
the Canada Business Corporations Act and other public records,
along with listings from company websites and company contacts.
The data
for each company’s Boards of Directors and Executive Officers is
current as of October 31, 2008, except where noted. Data for
Financial Post 500 percentages and Fortune 500 percentages are
courtesy of the
2007 Catalyst Census of Women Board
Directors of the FP500 (data as of June 2007). Based
on 2006 Catalyst Census
of Women Corporate Officers and Top Earners of the
FP500
(data as of June 2006). |
|
|
DOWNLOAD
FULL FLYER |
Comparative Percentages of Women
Directors
|
Region/Country |
Percent of Female
Directors |
|
U.S.
1 |
14.8% |
|
Canada
2 |
13% |
|
Australia
3 |
8% |
|
South Africa
4 |
10.7% |
|
Spain
5 |
4.6% |
|
Europe
6 |
9.7% |
|
Japan
7 |
.2% |
Sources:
1 Based on data in the 2007 Catalyst Census “Women
Board Directors of the Fortune 500"
2 Information from the 2006 Catalyst Census of Women Board
Directors of Canada's Financial Post 500.
3 Information from the
2008 Australian Census of Women in Leadership
4 Information from the 2005 South African Women in Corporate
Leadership (Catalyst with the Businesswomens' Association of South
Africa)
5 Based on data in EPWN European Board Monitor 2004
6
European Professional Women's Network 2008 Board
Women Monitor
7 Information from the 1998 CWDI Report: Women Board Directors of
Japanese Companies, publication of Corporate Women Directors
International. Data for 2,396 companies listed in 8 Japanese
stock exchanges. The 842 OTC companies in the report were
excluded from the comparison because information for the U.S., U.K.,
and Canada include only the equivalent of the Japanese listed
companies
|
|
