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Business women can media review

Our lovely Lisa from Ulster Bank has just send us the media overview of women in business. Here it goes.

Credit Suisse Gender Diversity Study Aug 2012

Over the past six years, companies with at least some female board representation

outperformed those with no women on the board in terms of share price performance

Other key summary observations include:

1. Sectors that are closer to final consumer demand have a higher proportion of women onthe board. Sectors closer to the bottom of the supply chain tend to have a much lower proportion of women on the board.

2. Certain regions (e.g. Europe) and countries (e.g. Norway) tend to have relatively high ratios of women on the board, for others the numbers are extremely low (e.g. Korea).

3. Larger companies are much more likely to have women on the board than smaller companies.

4. Over the past six years, the fastest rates of change in female representation have come from European companies.

Sustainability and women

The “Women Create a Sustainable Future” study found that companies with one or more women on their board of directors are significantly more likely to have improved sustainability practices

IMAGE Businesswoman of the Year Awards

Susan Whelan, CEO of Leicester City Football Club and Board Director of King Power International was named winner of the prestigious IMAGE Businesswoman of the Year Award at a ceremony last night in The Hibernian Club, St. Stephen’s Green, Dublin.

Originally from Dublin, Susan Whelan is Group Senior Executive Vice President for the Hong-Kong based King Power International Group. When King Power bought Leicester City Football Club in 2010, Susan was appointed to the club’s Board as the owner’s representative and in July 2011 she was appointed CEO; she has executive responsibility for all aspects of the club’s day-to-day management. In addition to being awarded the overall title of Image Businesswoman of the Year, Susan also won the Overseas Irish Businesswoman award.

Richard Power, MD of IMAGE publications, said, Not only is Susan a fantastic winner and representative of IMAGE Magazine, she proudly represents Ireland in a global capacity.”

Other winners on the night included:

Entrepreneur of the Year AwardMargaret O’Connor, Joint MD, Quigleys bakery

Young Businesswoman of the YearSophie Morris, Director, Kooky Dough

Management Professional Businesswoman of the YearDeirdre O’Brien, Director of Sales and Marketing, Carton House

Creative Businesswoman of the Year:  Ann-Marie O’Neill, Joint MD, O’Donnell O’Neill Design Associates

Overseas Businesswoman of the YearSusan Whelan, Group Senior Executive Vice President, King Power International Group

Social EntrepreneurshipJoan Freeman, Founder and CEO, Pieta House

Start-upGrainne Barron, Founder, Foxframe technology

According to Julie Sinnamon, Enterprise Ireland Director for global business development, “Enterprise Ireland wants to encourage and assist many more women to start their own high-potential companies that can win business abroad and create jobs at home. The award recipients are all exemplary in their entrepreneurial spirit and commitment to business excellence. Female entrepreneurship is a vitally important element of the business landscape and these awards will help put the spotlight on the contribution of female entrepreneurship in Ireland.”

Women in senior positions UK

All executive search firms were today urged by the Business Secretary, Vince Cable to publish the numbers of men versus women they place in senior positions. This emphasis on transparency will help highlight those firms that are going the extra mile to find high calibre female candidates and tackle gender imbalance in UK companies.

Dr Cable also called on the CEOs of FTSE 350 companies to put firm plans in place to develop talented individuals in their organisations and ensure a healthy pipeline of female executives over the long term.

And he revealed that he is writing to every company and public body in which the Department for Business, Innovation & Skills (BIS) holds an interest with the same request, and will ask Ministerial colleagues to do the same.

Vince Cable said:

“The great majority of business leaders I meet with now recognise the economic case for gender balance and are actively working with us to increase the number of women on their boards and executive committees. But we must also challenge the paternalistic culture and silent assumptions about women’s priorities that are ultimately keeping the glass ceiling in place.

“Headhunters have a crucial role to play in making sure there is a diverse pool of talent for business to choose from. So we are urging them to fish in a bigger pond, to identify new talent and to shine a spotlight on the selection and appointments. I’m delighted that eight executive search firms have today agreed to publish the data they collect on the percentages of men and women longlisted, shortlisted and appointed to executive positions. This will allow businesses to work with search firms that promote and are transparent about this agenda.”

“The Government also needs to think about improving the gender balance on our steering committees, in our stakeholder groups and our overseas delegations. I am using every opportunity to drive this message home in my own department and across government and maintain the momentum we’ve seen since Lord Davies published his review 18 months ago.”

A progress report published today by Cranfield School of Management shows that women now account for 17.4% of FTSE 100 and 12.0% of FTSE 250 board positions. In the last six months, the percentage of new FTSE 100 appointments going to women has risen to 44.1%, and 36.4% in FTSE 250 companies.

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