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Special Interest Group: Women in Information Management (WIIM)

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  • 1.  Women in Leadership Benefit the Bottom Line

    Posted 07-18-2019 16:10
    More research is emerging on diversity, inclusion, and gender-balanced leadership.  Did you know:

    Companies with the highest representation of women on their senior teams reap 34% more profits than companies with the lowest female representation, according to Catalyst.

    Fortune 500 companies with the highest number of women directors reported a 42% greater return on sales and a 53% higher return on equity than the rest, according to the Harvard Business Review.

    .... in the business world gender-balanced leadership teams were 21% more likely to experience above-average profitability than companies with the least gender-balanced teams, according to a McKinsey Report.

    Source:  2019 Forbes article found here:  https://www.forbes.com/sites/shelleyzalis/2019/01/04/6-equality-trends-to-watch-in-2019/#1a0bd4364ad4

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    Laura Downey, PhD
    WIIM-LC Chair
    Branch Chief, Applied Architecture
    TSA
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  • 2.  RE: Women in Leadership Benefit the Bottom Line

    Posted 02-03-2020 17:41
    Another interesting and timely business decision in the news about diversity and inclusion.  

    Goldman Sachs CEO says it won't take a company public without diversity on its board

    Goldman Sachs chief executive David Solomon said Thursday that the bank, one of the largest underwriters of initial public offerings, would not take companies public in the United States and Europe if they do not have at least one diverse board director, the latest move to push companies to increase the number of women and people of color in corporate boardrooms.

    Speaking on CNBC, Solomon said the bank would implement the policy starting this summer, and would have a "focus on women." It plans to increase the number to two by 2021, he said.

    "From a governance perspective, diversity on boards is a very, very important issue. We have been very, very focused on it. So we're trying to find ways to encourage that," Solomon said, noting that IPOs with a woman on the board had performed "significantly better" than those without. "We realize that this is a small step but a step in a direction of saying, 'You know what? We think this is right.' "

    See rest of article here:  
    https://www.washingtonpost.com/business/2020/01/23/goldman-sachs-ceo-says-it-wont-take-companies-public-without-diverse-board-member/




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    Laura Downey, PhD
    Chief, Applied Architecture
    TSA
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