“Our findings show that the boards of elite private firms are incredibly homogenous.”
of women in the venture capital industry, women were least represented among executive directors and investor directors . But the numbers trend even lower than one would expect given this very skewed pipeline. Women represent 10% of VC partners overall, but private-company female investment directors are outnumbered about 20-to-1 by men, double the expected rate.
Broadly, we suspect that the dearth of women on private company boards may be driven by reduced accountability pressures faced by these companies, greater reliance or personal and professional networks in board member recruitment, and increased emphasis on prior board or CEO experience,The largest is that private firms have a lot of work to do toward improving board diversity, given how much they lag behind their public counterparts in this area.
In our private-firm sample, 115 companies were based in California. Only 44 of them had at least one female board member. The majority would fail to meet the state’s near-term requirement; only four of the boards we studied would meet the 2021 mandate. In short, most such private California-based firms looking to go public soon will have to make big governance changes.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
This Season's Best Fashion Has No GenderFashion embraces conscious coupling this season:
Read more »
America's Best Employers For Diversity 2020Where are the most diverse places to work? We polled 30,000 U.S. employees and came up with a ranking of the top 500 large employers and the top 250 midsize ones. Is your company on the list?
Read more »
Attorneys for Ousted Grammys Chief Deborah Dugan Call for Her ReinstatementThe statement comes after interim CEO and board chair Harvey Mason sent a memo to the Academy’s 25,000 members Sunday morning with specific directions that the Academy was taking on diversity issues.
Read more »
‘Forever Chemicals’ In Your Drinking Water, It Is Worse Than Previously ThoughtA new study from the Environmental Working Group (EWG) found levels of these chemicals to be much higher.
Read more »
Carey Mulligan, Time's Up U.K. Compile Alternative BAFTA Nominees ListCarey Mulligan is among British celebrities who teamed with Time's Up U.K. in drawing up their own list of BAFTA nominations following this year's diversity controversy. Details:
Read more »
Recording Academy CEO Harvey Mason Sends Letter Promising Initiatives On Diversity And InclusivenessUnder fire from within his organization and outside of it, Harvey Mason Jr., the interim CEO and board chairman of the Recording Academy, has issued a memo to the organization’s 25,000 member…
Read more »