Board Turnover – Where’s the Balance?
If you look at your Board Members, do they resemble “founding fathers” or is the makeup of your board a portrait of a well-balanced, progressive looking team? Is there diversity? Is there a balance of men and women on the board? Two studies have found that Fortune 500 companies with the most women on their boards did significantly better financially than those with the fewest. [Worth.com, October-November 2014]. The trend, it appears, is that women held only 16.9 percent of board seats in 2013. And that percentage is for all industries – I would have to venture that it would be even more woeful in the AEC industry. Develop a board strategy to bring more women and more diversity to take seats at the table. It sounds mutually beneficial to me!