Women on Boards: A Conversation with Male Directors
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, 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. The publication (download pdf)includes interviews with Gilberto Mifano (Brazil), Peter Dey (Canada), Zhang Shude (China), Ashraf Gamal (Egypt), Christian Strenger (Germany), Jaspal Bindra (India), Nasser Saidi (Lebanon), Patrick Zurstrassen (Luxembourg), Paul Chang (Malaysia), Zaffar Khan (Pakistan), Mervyn King (South Africa), Lars Thunell (Sweden), Yilmaz Argüden (Turkey), John Plender (United Kingdom), Peter Browning (United States), Patrick Chisanga (Zambia).
Focus #9 was compiled and edited by Marie-Laurence Guy, Carmen Niethammer, and Ann Moline. Foreword by Nena Stoiljkovic, IFC Vice President for Business Advisory Services.
Women and Business – Drivers of Development. This publication includes human interest stories on leading IFC investment and advisory projects from all regions, showing the many impacts of our work to increase job creation for women and women's overall role in private sector development.
Optimizing Board Effectiveness with Gender Diversity: Are Quotas the Answer? Private Sector Opinion #21, by Annemarie Durbin. The author cites evidence that using quotas to increase female representation on the board 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.