|By PR Newswire||
|December 12, 2012 05:51 PM EST||
NEW YORK, Dec. 12, 2012 /PRNewswire/ -- The Forte Foundation, an organization that differentiates itself by uniting top business schools and leading corporations to advance women in business, today celebrated a milestone as it released its list of Global Board Ready Women as part of an initiative led by EU Justice Commissioner Viviane Reding.
The list was announced at an event Forte convened in New York to advance the dialogue on the latest research, regulations and concrete actions to drive gender parity in corporate boardrooms.
Forte joined 27 events on 12/12/12 as part of the 2020 Women on Boards' united call for action to increase the percentage of women on US corporate boards to 20% or greater by 2020. Women now hold 17.1% of the boardroom seats of the Fortune 500, according to the latest 2020 Women on Boards Gender Diversity Index released in October.
"We are in a unique position to leverage our relationship with US business schools and corporations to identify women MBA alumni who are board-ready and raise their visibility with leading companies," said Elissa Ellis Sangster, executive director of the Forte Foundation, which celebrates its 10th anniversary this year. "Many top MBA alumni have the right experience for these roles, but may not be on the radar of leading companies. Working with our business school members and other partners, we aim to not only flag top women who are ready to serve on corporate boards, but to build the pipeline for the future."
Global Board Ready Women
The new US initiative follows Forte Foundation's collaboration with its five European business school members and the European Commission. The successful European initiative led by EU Justice Commissioner Viviane Reding inspired Forte Foundation to approach Commissioner Reding to expand the call for board-ready women to United States business schools.
The European Business Schools Women on Boards Initiative, of which Forte is a member, today announced the formal establishment of the Global Board Ready Women searchable database to respond to global corporate governance needs for more gender diversity on publicly traded company boards. The database of 8,000 women will be available on LinkedIn via a closed group, and each of the individuals selected for the Global Board Ready Women database will be linked with relationship capital management leader BoardEx's database of more than 500,000 corporations and companies.
Forte asked each of its 39 MBA partner schools to supply at least five board ready women and all of its member schools are participating. Forte has 33 member schools in the US, five in Europe and one in Canada. Forte is also considering self-nominations from its membership database of 60,000 professional women and will seek nominations and support from other partners. Forte will make the list available to corporate partners who wish an additional resource in identifying board candidates.
To recommend women for the US board-ready list, and in addition to its initiative with its US business school members, Forte will continue to partner with corporate governance consultant Intrabond Capital, the Watermark community for female executives, and the Women on Boards 2020 campaign to expand the list of board-ready women. Forte is also exploring with its partners, Intrabond Capital and Watermark, the best way to prepare women in the pipeline to be board ready and noted that many of its business school members provide board-member training classes.
12/12/12 Forte Foundation event
Columbia Business School Dean Glenn Hubbard opened the event with research demonstrating that as the number of female MBA graduates rises, women's representation in executive positions and corporate boardrooms lags behind.
Dean Hubbard's comments were followed by a panel featuring the following executives who added their diverse perspectives based on their business, board and consulting experience, while reinforcing the positive change already made by companies on MBA campuses:
Julie Hembrock Daum, Co-Head Board Practice & Director, Spencer Stuart
Donna Hamlin, CEO, Intrabond Capital
Stefano Natella, Managing Director and Co-Head of Securities Research & Analytics, Credit Suisse
Joyce Roche, Director AT&T, Tupperware, Macy's, Snapple, and Former CEO, Girls Inc.
Karyn Twaronite, Partner & Americas Inclusiveness Officer, Ernst & Young
Viviane Reding, vice president of the European Commission and EU Commissioner for Justice, Fundamental Rights and Citizenship, participated in the panel remotely.
An audio recording of the event is available upon request.
Research discussed at Forte Foundation event
Ernst & Young LLP, which hosted the Forte event and is a Forte member company, released new research discussed at the event that shows women are joining boards at a higher rate, although the pace of change is slow. Among other findings, it shows that boards with at least one female director are most likely to add more. Of the more than 1,800 directorships currently held by women, nearly 40% joined their respective boards in the last five years, according to Ernst & Young's research.
This progress is important to corporate performance, as recent research from the Credit Suisse Research Institute, discussed at the Forte event, indicates that companies with more women on their boards outperform those with fewer or no female directors. For instance, Credit Suisse found that net income growth over the past six years averaged 14% for companies with women directors compared to 10% for those with no female board members.
To be globally competitive, US companies must do a better job of prioritizing board diversity, the panelists discussed. Some European countries have already adopted board-diversity quotas and the European Commission recently adopted Viviane Reding's proposed European Union law for a 40% "objective" designed to ensure women hold 40% of non-executive board positions by 2020. As non-US companies with more aggressive targets for board diversity begin to tap board-ready women based in the US, this could impact US company efforts to increase board diversity and American competitiveness.
About Forte Foundation
Forte Foundation is a non-profit consortium of leading multinational corporations, top business schools in the US and abroad, and the Graduate Management Admission Council. Its mission is to launch women into fulfilling, significant careers through access to business education, opportunities and a community of successful women. Forte is the leading organization that provides a national infrastructure for women at all stages of the career continuum to access the information, scholarship support and networking connections they need to succeed in business careers. Additional information about the Forte Foundation is available online at www.fortefoundation.org.
Lisa Westlake Chen
SOURCE Forte Foundation
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Jul. 30, 2016 05:15 AM EDT Reads: 2,708
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effi...
Jul. 30, 2016 04:00 AM EDT Reads: 2,126
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
Jul. 30, 2016 03:00 AM EDT Reads: 1,646
SYS-CON Events announced today that MangoApps will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device.
Jul. 30, 2016 02:45 AM EDT Reads: 1,490
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, explained how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
Jul. 30, 2016 02:15 AM EDT Reads: 1,189
“delaPlex Software provides software outsourcing services. We have a hybrid model where we have onshore developers and project managers that we can place anywhere in the U.S. or in Europe,” explained Manish Sachdeva, CEO at delaPlex Software, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 30, 2016 02:00 AM EDT Reads: 1,690
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
Jul. 29, 2016 10:15 PM EDT Reads: 2,080
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
Jul. 29, 2016 08:00 PM EDT Reads: 2,750
We all know the latest numbers: Gartner, Inc. forecasts that 6.4 billion connected things will be in use worldwide in 2016, up 30 percent from last year, and will reach 20.8 billion by 2020. We're rapidly approaching a data production of 40 zettabytes a day – more than we can every physically store, and exabytes and yottabytes are just around the corner. For many that’s a good sign, as data has been proven to equal money – IF it’s ingested, integrated, and analyzed fast enough. Without real-ti...
Jul. 29, 2016 07:45 PM EDT Reads: 1,205
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Jul. 29, 2016 06:00 PM EDT Reads: 945
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it ...
Jul. 29, 2016 05:15 PM EDT Reads: 409
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Jul. 29, 2016 04:45 PM EDT Reads: 1,270
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus...
Jul. 29, 2016 04:15 PM EDT Reads: 1,097
ReadyTalk has expanded the capabilities of the FoxDen collaboration platform announced late last year to include FoxDen Connect, an in-room video collaboration experience that launches with a single touch. With FoxDen Connect, users can now not only engage in HD video conferencing between iOS and Android mobile devices or Chrome browsers, but also set up in-person meeting rooms for video interactions. A host’s mobile device automatically recognizes the presence of a meeting room via beacon tech...
Jul. 29, 2016 04:15 PM EDT Reads: 472
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet a...
Jul. 29, 2016 03:15 PM EDT Reads: 719
On Dice.com, the number of job postings asking for skill in Amazon Web Services increased 76 percent between June 2015 and June 2016. Salesforce.com saw its own skill mentions increase 37 percent, while DevOps and Cloud rose 35 percent and 28 percent, respectively. Even as they expand their presence in the cloud, companies are also looking for tech professionals who can manage projects, crunch data, and figure out how to make systems run more autonomously. Mentions of ‘data science’ as a skill ...
Jul. 29, 2016 03:00 PM EDT Reads: 561
IoT generates lots of temporal data. But how do you unlock its value? You need to discover patterns that are repeatable in vast quantities of data, understand their meaning, and implement scalable monitoring across multiple data streams in order to monetize the discoveries and insights. Motif discovery and deep learning platforms are emerging to visualize sensor data, to search for patterns and to build application that can monitor real time streams efficiently. In his session at @ThingsExpo, ...
Jul. 29, 2016 02:00 PM EDT Reads: 1,217
"delaPlex is a software development company. We do team-based outsourcing development," explained Mark Rivers, COO and Co-founder of delaPlex Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 29, 2016 01:00 PM EDT Reads: 2,140
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
Jul. 29, 2016 11:15 AM EDT Reads: 702
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
Jul. 29, 2016 11:15 AM EDT Reads: 1,359