For the first time in its 110-year history, General Motors now has more women than men on its board. It represents a rising trend in corner suites across the globe.
For the first time in its 110-year history, General Motors now has more women than men on its board. It's a sea change in the clubby, tight-knit world of corporate boards, where members are typically drawn from the ranks of former chief executives, but it represents a rising trend in corner suites across the globe.of companies with predominantly female boards. They include advertising giant Omnicom, Viacom, and Best Buy, according to the data-tracking company MSCI.
“Board oversight of culture is becoming more important," said Paula Loop, who leads the governance insights center of the consulting firm PwC, which provides advice to corporations on good practices."In many cases the female members of the board are the first ones who bring it up.” More women on boards “will make sure that behavior and conduct in a company are balanced," said Janice Ellig, co-chief executive of Ellig Group, an executive recruitment firm. She argues that boards with women perform better."Women are known as great whistle-blowers,” she said, pointing to CBS as an example and to the rise of the MeToo movement, which has pushed for better treatment of women in the workplace.
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