Leading from the Chair: The Benefits Women Can Bring to Organizations as Board Chairs
In this excerpt from our discussions centered around leadership and being an effective board chair, Marge Magner, former chair ofΒ ...
Vice Chairman and Co-Managing Partner of the Global Chief Executive Officer & Board Practice, Heidrick Struggles Intl
Search every verified Bonnie Gwin interview, podcast appearance, and on-the-record quote β each transcript cross-checked by AI and human review to confirm speaker identity. Bonnie Gwin, Vice Chairman and Co-Managing Partner of the Global Chief Executive Officer & Board Practice at Heidrick & Struggles, has spoken about the importance of increasing women's representation on corporate boards. In 2021, she stated that getting more women to serve as board chairs is critical because companies perform better when women hold these roles, and that having a woman as board chair tends to lead to more women on the board overall. She also said that issues such as diversity, equity, and community service are better addressed when women are in these positions. In a 2017 interview, Gwin noted that while diversity in the boardroom is beneficial for business decision-making, progress has been slow. She observed that about 29 percent of new Fortune 500 board directors in recent years were women, but because some were replacing other women, gender parity in the U.S. was not projected until around 2040. Gwin expressed opposition to quotas, advocating instead for serious and purposeful intent and best practices to achieve diverse candidate slates. She advised aspiring board members to assess their readiness and business acumen, and highlighted that boards are increasingly seeking skills in investment experience, Asia and emerging markets, consumer experience, and digital expertise.
“Getting more women to serve as chairs of corporate boards is critical, because companies do better when women are in these roles.”
“There will be more women on the board when the chair of the board is a woman.”
“Other issues that are important to the company beyond performance, including issues of diversity and equity and community service and all, will be well addressed.”
“Diversity helps businesses make better decisions and diversity in the boardroom is a natural extension of that, and boards are really focused on it.”
“For the last couple of years, about 29 percent of new Fortune 500 board directors have been women, but some of those women are replacing women, so the number of women on boards is not projected to reach gender parity until 2040-ish in the U.S.”
“I'm not a fan of quotas; I think that serious and purposeful intent and a lot of the best practices boards are embracing will get you a diverse slate of candidates to choose from.”
“One step that anybody who wants to join a board ought to take is look at your resume and really think and reflect: am I ready, do I really want to do this, do I have the general management breadth and business acumen that everybody needs to be on a board?”
“Boards are now looking for skills including investment experience because investors, especially activists, are pushing boards to add people who understand the investment and capital market side.”
“People who have experience in Asia and emerging markets, the developing world, consumer experience, and digital skills are in demand on boards.”
In this excerpt from our discussions centered around leadership and being an effective board chair, Marge Magner, former chair ofΒ ...
Executive Editor, Edie Lush talks with Bonnie Gwin, Vice Chairman of Heidrick & Struggles, about women on corporate boardsΒ ...
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