Why are there so few women directors on the boards of American companies?
by Martha Clark Goss and Lucille V. Corrier
Is there a "Silent Quota" embedded in board selection? And what do the shareholders think? Here, a panel of directors and industry observers give their views.
“The recruitment of women and minorities to the boards of U.S. companies has not changed in the last three years, “according to the January/February 2003 issue of "The Corporate Board" magazine, which reports that women account for only ten percent of all directorships.
Some board watchers feel that a “silent quota” pervades many boardrooms. One view holds that with the new focus on governance, shareholder activists are likely to target boards that don’t adhere to good principles of governance, of which board diversity is clearly one aspect.