• Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer
Thursday, June 1, 2023
McLennan County News
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
No Result
View All Result
Home Business

Morton Marcus: Women In The Board Room | Business News | Tribstar.com – Terre Haute Tribune Star

morton-marcus:-women-in-the-board-room-|-business-news-|-tribstar.com-–-terre-haute-tribune-star
Share on FacebookShare on Twitter

The Jan. 17, 2022, issue of Bloomberg Businessweek featured “The year ahead, 2022.” It seemed a few weeks late for such an ambitious venture, but I enjoyed its review of the many open questions in our economy.

The last major section of the magazine was devoted to “50 companies to watch.” The choices were based on anticipated stock price movements, up or down.

There were many foreign companies from Abrdn (formerly Standard Life Aberdeen) to Willis Towers Watson. Likewise there were very familiar firms from Airbnb, Alphabet (Google),Coca-Cola, Netflix to Volkswagen.

Six items of information accompanied text on each firm. I understood the reason for most of the information — Market capitalization, 3-year annualized total return, 12 months of sales, and the 2020 sales growth rate.

However, why did Businessweek publish the female percent of board membership and the gender of the CEO? Why not the number of employees, the median wage, or other indicators of corporate reality? The questions did not stop there.

Is the gender composition of the Board of Directors and that of the Chief Executive Officer now an investment factor? Will the speed at which General Motors moves toward an electric fleet be influenced by having a woman as CEO and a board that is 54.5% female? Was the extraordinary 3-year total return (93%) of Australia’s Fortescue Metals Group a consequence of a female CEO working with a board that has 44.4% female membership?

Should we believe a board with 85.7% women and a male CEO brought about a decline of 27.9% in 2020 sales for Victoria’s Secret? Or was that setback brought about by the Covid pandemic?

Does the presence or absence of women in the governing body of a contemporary corporation make a difference in the fortunes of a firm? According to a review of the evidence as of 2017 by Katherine Klein, Wharton School management professor,

“the presence of more female board members does not much improve — or worsen — a firm’s performance.”

However, there are many dimensions of performance beyond standard accounting statements. If women, or other excluded groups, offer a diversity of experience, attitude, and judgement, the effects might be seen in corporate lobbying behavior, charitable giving, employee recruiting and retainment.

Studies of recent corporate behavior with regard to the Covid pandemic have yet to be published. Were boards with women more attentive to health and family concerns of employees? Did such boards make temporary or permanent policy changes relative those concerns?

It is likely women selected for corporate boards are not much different from the men already sitting on those boards. Hence, we would not expect noticeable changes in corporate metrics. But that is not a reason for limiting the opportunity for women to join the club or to use the executive spittoon.

Morton Marcus is an economist. Reach him at mortonjmarcus@yahoo.com. Follow him and John Guy on Who Gets What? wherever podcasts are available or at mortonjohn.libsyn.com.

McLennan County News

© 2021 McLennan County News Online

Navigate Site

  • Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer

Follow Us

No Result
View All Result
  • Home
  • DMCA Policy
  • Medical Disclaimer
  • Privacy Policy
  • Disclosure
  • CCPA
  • Terms of Use

© 2021 McLennan County News Online

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT