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Diversity Spotlight: Biogen Idek

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What does it look like when a company truly champions gender diversity? Look no further than Biogen Idek, a Cambridge, MA based biotech company with a commitment to developing its female executives into board-ready candidates.
 
The women who complete Biogen’s “Raising the Bar” program emerge with the proper preparation to step into directorships in and outside the biotech industry. The program, which launched in 2014, is already attracting the attention of companies such as Union Atlantic Electricity and Cocoon Biotech that are looking to diversify their boards.
 
Though board-ready women in biotech might face some unique obstacles such as abnormally slow leadership turnover, they also experience many of the same challenges women encounter across all industries. Dr. Carmen Bozie of Biogen told the Boston Globe that even though she was qualified to sit on a board, she needed a nudge in the right direction before she recognized her own potential.
 
“It had never occurred to me,” she admitted.
 
Other women reported feeling board-ready but noted a lack of female mentors to advocate for them or expressed that it was difficult to tap the right networks. This is where a company like Biogen can help its aspiring women directors.
 

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Is the United States Playing to Win?

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Is the U.S. Playing to Win?
 
This is the question Cindy Burrell, member of the 2020WOB Board of Leaders and Chicago Campaign Committee, wants answered. In an article for Directors & Boards Magazine, Burrell explains that “playing to win” involves maximizing the country’s resources, specifically the human capital contributed by talented working women.
 
According to a 2014 U.S. Census Bureau report, women hold a majority (51%) of jobs in professional and technical fields. Yet research from 2020 Women on Boards, Catalyst, ION, and others indicates that women remain troublingly underrepresented on corporate boards.
 
The 2020WOB Gender Diversity Index shows that women hold only 18.6% of board seats in America’s leading businesses as determined by last year’s Fortune 1000 list. Boards are not using the female talent available to them. Would you willingly play a card game with just half the deck?
 
How do we explain the discrepancy between the high number of women in business and their proportionally low representation on boards of directors? Research strongly suggests that there are institutional biases at work in the recruiting process.
 
Burrell observes, “Looking historically, especially prior to 2002 and Sarbanes-Oxley, CEOs had a dominant role in deciding on what type of background was needed in a new board director and who that board director would be. There was a strong tendency to favor other CEOs, people who would have a similar perspective, understanding and leadership background as the CEO. And very few women were CEOs of major companies.”
 

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Gender Equality in the C-Suite and Boardroom: Navigating Institutional Investor Demand & Business Capability

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Event Date: 
Tuesday, May 10, 2016 - 09:00

2020 Women on Boards is happy to be partnering with Skytop Strategies on their upcoming symposium entitled Gender Equality in the C-Suite and Boardroom: Navigating Institutional Investor Demand & Business Capability on May 10th in Stockholm Sweden. 

Boston Campaign Committee

Sperry Van Ness International Corporation

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Sponsor Category: 
Corporate Sponsor
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Los Angeles Campaign Committee

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Pittsburgh Campaign Committee

Oklahoma City Campaign Committee


Tampa Campaign Committee

San Francisco Committee

The Mid-Year Report: When Women Lead

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In our mid-year report, Boardroom Diversity: When Women Lead, we looked at the status of women on the boards of Fortune 1000 companies led by women. Not surprisingly, boards with female CEOs, Board Chairs and Nominating Chairs are significantly more gender diverse than boards with male leadership.

Compared to their male counterparts, women CEOs, Board Chairs and Nominating Chairs are much more likely to oversee gender diverse boards, exceeding the national average of 17.9 percent. Female CEOs, Board Chairs, and Nominating Chairs have an average of 30.0%, 27.7%, and 23.1% women on their boards, respectively, while men in these positions trail at 17.3%, 17.6% and 17.2% women.

Admittedly, far fewer companies in the Fortune 1000 are led by women: 49 companies have women CEOs, 37 have female Board Chairs and 158 have female Nominating Chairs. But the writing is on the wall: want to see diverse boards? Put a woman in charge!
 

National Conversation on Board Diversity: Charlotte

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Event Date: 
Thursday, November 17, 2016 - 17:00 - 19:00

On November 17, 2016, in cities across the U.S. and throughout the world, thousands of C-Suite and senior level executives will discuss:
Creating Change Through Collective and Individual Action: How Can We Harness Investor Influence, Legislation, Publicity, and Other Means to Accelerate Progress for Women on Boards?
Join us for an evening of networking, hors d'oeuvres and insightful conversation. The research is clear: diverse boards have stronger bottom lines. Please join us to build awareness in North Carolina and urge companies to increase the percentage of women on corporate boards.
 
Register Here

Affiliated Chapter: 

National Conversation on Board Diversity: Bentley University

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Event Date: 
Thursday, November 17, 2016 - 17:30 - 20:00

Please join the Center for Women and Business at Bentley University on Thursday, November 17, 2016, for this year's 2020 Women on Boards National Conversation on Board Diversity.
 
Topic: Creating Change Through Collective and Individual Action
 
The event will include a wine and hors d'oeuvres reception, panel discussion and Q&A.
 
Companies with a strong proportion of women on their Boards of Directors perform better - it’s just that simple. 2020 Women on Boards' mission is to increase the percentage of women on U.S. corporate boards to 20% or greater by 2020.
 
On November 17, 2016, 2020 affiliates, friends, and supporters will hold events in cities across the U.S. to share ideas, strengthen and grow our networks, and change business for the better. Our November 17th event will promote the work being done to increase the number of women on U.S. corporate boards and will raise critical funding for the 2020 Women on Boards' national campaign.
 
Use the registration link and/or contact Dorothy Polatin (781-891-2189) for assistance. 

Affiliated Chapter: 

National Conversation on Board Diversity: Simmons College

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Event Date: 
Thursday, November 17, 2016 - 17:30 - 19:30

On November 17, 2016, in cities across the U.S. and throughout the world, thousands of C-Suite and senior level executives will discuss:
 
Creating Change Through Collective and Individual Action:
How Can We Harness Investor Influence, Legislation, Publicity, and Other Means to Accelerate Progress for Women on Boards?
 
Join us for an evening of networking, hors d'oeuvres and insightful conversation. The research is clear: diverse boards have stronger bottom lines. Let us implement actions, policies and programs needed to promote gender equality on company boards.
 
Register Here

Affiliated Chapter: 

National Conversation on Board Diversity: Columbus

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Event Date: 
Thursday, November 17, 2016 - 07:00 - 09:00

7:00 am - Breakfast
 
7:30 am - Welcome - Dr. Kathy Krendl, President, Otterbein University
 
7:35 am - Data Overview:  Women on Boards Nationally and in Central Ohio - Julie Graber, CEO, GenderEQA
 
7:45 am - Panel Discussion moderated by Chasity Kuttrus, Partner and Executive Coach, Executive Elements
 
Panelists:
Eleanor Bloxham, President and CEO, The Value Alliance and Corporate Governance Alliance
Steven Davis, Chairman, CEO & Board Director
Kathleen Ransier. Esq.
Susan Tomasky, former Senior Executive at American Electric Power (AEP)
 
8:45 a.m. - Questions/Answers
 
9:00 a.m. - Closing Remarks  - President Krendl 
 
Register Here


National Conversation on Board Diversity: Los Angeles

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Event Date: 
Thursday, November 17, 2016 - 11:30 - 14:00

On November 17, 2016, in cities across the U.S. and throughout the world, thousands of C-Suite and senior level executives will discuss:
 
Creating Change Through Collective and Individual Action: How Can We Harness Investor Influence, Legislation, Publicity, and Other Means to Accelerate Progress for Women on Boards?
 
Join the 2020 Women on Boards/Los Angeles Host Committee for a luncheon and program in the Dorothy Chandler Pavilion at The Music Center from 11:30 AM - 2:00 PM.
 
Register Here

Affiliated Chapter: 

National Conversation on Board Diversity: Pittsburgh

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Event Date: 
Thursday, November 17, 2016 - 07:30 - 11:00

On November 17, 2016, in cities across the U.S. and throughout the world, thousands of C-Suite and senior level executives will discuss and explore the benefits that gender diversity brings to organizations and corporate boardrooms.
 
Join us at the Wyndham Grand Downtown Pittsburgh from 7:30 AM - Noon. Engage with your peers in a benchmarking discussion as to what innovative organizations - and individual executive women - can do to address the key question of:
 
"Creating Change Through Collective and Individual Action: How Can We Accelerate Progress for Women on Boards?"
 
Research shows that it is hard to find qualified women for board membership, so how do you know when you are ready to serve? What skills, experiences and network do you need to achieve a seat at the table? Join us for the best programming to find the answers.
 
Register Here

Affiliated Chapter: 

National Conversation on Board Diversity: San Francisco

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Event Date: 
Thursday, November 17, 2016 - 16:00 - 18:00

Creating Change Through Collective and Individual Action: How Can We Harness Investor Influence to Accelerate Progress for Women on Boards?
 
Our panel of investment experts, involved in both public and private companies, will share the why and how actions around investments are being aimed at helping increase the number of women in executive management and the boardroom.
 
Eileen Rominger, Partner, CamberView Partners, Moderator
Jennier Holmstrom, Talent Partner, Highland Capital Partners
Liz Michaels, Chief of Staff and Director ESG/SRI & Women's Inclustion Project, Aperio Group
Martha Schuman, Vice President, Western Division, PAX World Investments
 
-  Board Candidate Pitch Tank
Our Pitch Tank features five women board candidates selected from a pool of qualified applicants. These candidates will be each be featured in a filmed 90-second "Pitch" highlighting why they would make a good board member.
 
-  Table Discussion:  Getting to "Yes" for a Board Position
What are effective ways to use networking and references to be considered as a board candidate?       
 
-  Bay Area Board Honor Roll Presentations
We will honor Northern California public companies with the highest number of board leadership positions held by women.
 
6:00–7:00 PM     RECEPTION with TABLE TOPICS DISCUSSIONS and INFORMAL NETWORKING 
Enjoy refreshments and hors d'oeuvres in your choice of an informal networking environment or pick two structured sit down discussion sessions with specific board-related table topics.
 

Affiliated Chapter: 

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The 2016 National Conversation on Board Diversity - Chicago

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Event Date: 
Thursday, November 17, 2016 - 17:30 - 19:30

Welcome & Introductions: Cindy Burrell, 2020 Women on Boards/Chicago Committee Chair
 
Host Speaker: Carl Allegretti, Chairman and Chief Executive Officer of Deloitte Tax LLP
 
Panelists:
Eileen Kamerick, Board Director: Associated Banc-Corp; Hochschild Mining (LSE); Legg Mason
Sheila Talton, CEO of Gray Matter Analytics and Board Director, Deere & Company; Wintrust Financial Corporation; OGE Energy Corp
 
Moderator: Pam McElvane, Founder & CEO of Diversity MBA/A P&L Group.
 
Platinum Sponsor: Deloitte
 
Gold Sponsor: The Metropolitan Club
 
Silver Sponsors: Associated Bank, First Bank of Highland Park, Legg Mason Global Asset Management, US Bank
 
Bronze Sponsors: Brownson, Rehmus & Foxworth, Inc.; Dennis Chookaszian; Lin Coughlin; Freeborn & Peters LLP; The Governance Partners LLC; The HQ Companies; Challis Lowe; Dr. Charles Moses; Pelham S2K Managers, LLC; Seyfarth Shaw LLP; Shanita Speaks
 
Media Sponsor: Diversity MBA/A P&L Group
 
Hosted by: 2020 Women on Boards/Chicago Campaign Committee
 
REGISTER HERE

Affiliated Chapter: 

Mad Men

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Last fall it sure looked like we were closing the year on a high. Our 2016 Gender Diversity Index showed we were within a hair’s reach of achieving our goal of women holding 20% or more corporate boards seats. We looked forward to our 5th Annual National Conversation on Board Diversity, where a record breaking 2500 people registered to attend events in cities across the country to hear about women’s progress in the boardroom. We were poised to make history by electing the first woman president.
 
We all know what happened. As the inauguration approaches and confirmation hearings begin, those who will govern us are beginning to look like they belong in the hit show Mad Men: stale, pale and male. Four female appointments have been named to the cabinet, Nikki Hailey, Ambassador to the UN, Betsy DeVos, Education Secretary, Linda McMahon, Small Business Administration and Elaine Chao, Transportation.
 
It’s easy in this “I can’t believe it happened” moment to forget some of the progress we’ve made. According to our 2016 Gender Diversity Index, women hold 19.7% of the board seats in Fortune 1000 companies. Women had a net gain of 74 board seats in 2016 compared with a net loss of 71 seats for men. One hundred and twenty companies added women to their board last year, and of those 70 did so by increasing the size of their board to accommodate women rather than waiting for a man to step down.
 

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