With women on their boards, would financial organizations have better forseen, or even prevented the current crises?


How many crises do we need to move from wishful thinking to gender diversity reality?

Who do you feel is responsible for the current financial crisis? Do you think that having more women on the boards of financial institutions would have prevented it from going so far into the vicious circle of trying to cover mistakes by packaging them into a neat marketing stuff, again and again, until bursting point?

If you don’t understand how the crisis arose, visit Subprime for dummies to get the overview.

Out of the 123 people who responded to our October poll, 53 percent think that with women on their boards, financial organisations would have better foreseen or even prevented the crisis. Twenty-four percent don’t know, and only 20 percent think that it would not have changed the situation.

This same question was asked recently at several women’s events, and the majority responded agreed that having more women in executive and board roles can contribute to safer management and a healthier future. Although, we need to ask if it is women’s different leadership style that would have led to better management, or even exposed the state of affairs, or is it that having women on boards is just a sign that everything generally will be better handled in a company; more transparent, more collaborative, more sustainable?

Catalyst made it clear a while ago that having more women on boards leads to better results with several studies, the last one having been published just a year ago. Read about it
here

But until crisis happens, things hardly move. Then, when a crisis occurs, many people start to think, as Hudson reports in their study Could the right man for the job be a woman? or even more appealing, as 17 UK FTSE 100 CEOs declare in a letter entitled ‘More than ever, we need women on boards’, which they sent to the Daily Telegraph on 20 October.

“How many crises will we need to move from wishful thinking to reality?”

Cecile Demailly
EuropeanPWN
November 2008


Print Print this page

Articles






Poll result, April 2009

Poll result, April 2009

Positive thinking helps, as 34% of the women surround themselves with positive thinking people, while 14% try not to worry so much and 10% read inspirational books and magazines ...

More ...


Poll result March 2009

Poll result March 2009

80% of women reports negative impact on finances and 30% lost her job ...

More ...



Poll debrief, January 2009

Poll debrief, January 2009

Employers, be aware. If our January poll applies to your workforce, then more than half of your female employees have decided to change jobs this year; most of them will be looking ...

More ...



Poll result November 2008

Poll result November 2008

The respondents to the November poll confirmed what I suspected; overall, it is our own initiative, drive, and a wealth of well-nurtured personal contacts which makes the ...

More ...


September 2008 Poll Debrief:

September 2008 Poll Debrief:

The motivation for running this poll stems from Lucy Kellaway’s article “Board battles won on playing fields of youth” published 6 July in her FT column ...

More ...




One out of three women networks more than 3 hours a week for business

One out of three women networks more than 3 hours a week for business

It is common knowledge that taking the time to network is important to one’s personal and professional growth. However, the hours spent cost you money and take valuable time from ...

More ...


Stress tactics

Stress tactics

It is interesting to see that while this poll’s number of propositions were many, it also gathered the more respondents then usual (134 compared to an average of 80). How to ...

More ...


What holds you back from “showing-up” professionally

What holds you back from “showing-up” professionally

This month we asked to members from the HR consultancy and executive coaching fields to comment the poll results. Here are five reactions full of insights ...

More ...


If you had only one wish for 2008

If you had only one wish for 2008

While it must have been difficult to whittle down the possibilities to just one wish, 140 of you cast your votes in a flush of New Year motivation, rating everything from goals for ...

More ...


Dec 2008 Poll Results - Businesswomen 2.0

Dec 2008 Poll Results - Businesswomen 2.0

Are we 2.0 business persons yet? In fact, we are, since we are using the greatest ever collaborative business platform from EuropeanPWN - business networking, collaborative ...

More ...


November 2007 Poll Debrief

November 2007 Poll Debrief

This month’s EuropeanPWN survey asked members to describe women’s current professional positioning. Most responses reflected a cautious optimism, laced with a healthy dose of ...

More ...


Poll debrief: Social interaction crucial for Work-Life Balance

Poll debrief: Social interaction crucial for Work-Life Balance

Last month’s EuropeanPWN poll asked members to share the essentials that allow them to achieve work-life balance. Although we may not always succeed, most of us strive for some ...

More ...


Do You Use Technology To Improve Your Work-life Balance?

Do You Use Technology To Improve Your Work-life Balance?

Empowering The Internet Generation Q & A with María José Sobrini, internet business solutions manager and head of women’s initiatives, Cisco Spain ...

More ...


What women want ..

What women want ..

Despite the rise of the new economies in India and China and the ongoing tendency to shift offshore, corporations are starting to feel the effects of babyboomers retiring and are ...

More ...


Would you say the International Women's day has some impact?

Would you say the International Women's day has some impact?

The above answers are based on our April poll across Europe. The poll showed that many of you believe International Women’s Day (IWD) has had an impact in the press and media, as ...

More ...


Should professional equality start at home?

Should professional equality start at home?

What helps achieve professional equality? For many of you professional equality starts with the right division of tasks within the home. Is this because you want to have more ...

More ...


"Dream boss" poll: is managing women a matter of guiding them?

What would your dream boss provide? I asked four people their thoughts about the results of this poll: a manager, a coach, a mentor and a shrink, all respected experts in their ...

More ...


What do you think about Multitasking?

What do you think about Multitasking?

Multitasking is in women’s DNA Which one of us has never brushed her teeth while organizing her day, or done her nails while talking on the phone, or rehearsed her presentation ...

More ...


Being a Successful Global Team Leader

What are the most important qualities needed to lead an international team successfully? Going Global: Life Experience is the Best Training By Cécile Demailly and Maureen Rabotin ...

More ...


What women want ..

What women want ..

What makes you chooseor stay in a company? Despite the rise of the new economies in India and China and the ongoing tendency to shift offshore, corporations are starting to feel ...

More ...


What kind of networker are you

What kind of networker are you

Last month’s poll asked members to tell us how they connect with colleagues, friends and each other. The results highlight our collectively strong communication skills, but also a ...

More ...


Quotas : for or against ?

Quotas : for or against ?

Do you think governments should set quotas for women on boards, as is currently planned by the government in Norway ...

More ...


Show 10 articles

SUBSCRIBE TO OUR
NEWSLETTER