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Article

26 Nov 2011

Author:
Economist

Too many suits: And not nearly enough skirts in the boardrooms

Across Europe the proportion of women on company boards averages around 10%...the numbers everywhere have barely moved over the past decade…A…study…published in 2003, describes the efforts of the then boss of Deloitte…to stem the attrition among the firm’s senior women…it commissioned research from Catalyst…to find out why they were leaving. It got a big surprise. The firm had assumed that most of the women had quit to start a family…It turned out that 90% of them were…working…for other firms. They had got disenchanted with a work environment which they found male-dominated and alienating…Deloitte…set about reinventing itself as a more women-friendly employer…Ernst & Young now has three women on its global executive board…McKinsey also takes great care to look after its women…Vodafone has a “1+1” programme that requires all managers to put an additional woman on their team each year. Deutsche Telekom last year promised to raise the number of women in the company’s middle and upper management to 30%... [also refers to Porsche, E.ON and Robert Bosch, Kraft Foods, PepsiCo, Sabanci Group, IBM, Facebook, McKinsey, Walmart, Time Warner]