(Fred Greaves/Reuters)To fix the stubbornly low numbers of women serving on corporate boards, investors have tried to pressure companies to add more female directors. Lawmakers have pushed to make boards report their diversity statistics and have passed resolutions urging companies to add more female directors voluntarily. Having three or more female board members has been linked to more innovation and limits the chances that women's views will be sidelined. "It’s truly a two-step process,” said Shannon Gordon, CEO of the Boardlist, which manages a directory of female board members recommended by other top executives and investors. She said chairmen and CEOs in particular need to make sure they demonstrate not only to the new female directors — but to their fellow directors — the valuable expertise they bring to the boardroom.

Source: Washington Post September 10, 2018 20:28 UTC