Featured Research

from universities, journals, and other organizations

'30% club' could work in U.S. with better defined objectives

Date:
May 8, 2014
Source:
Washington University in St. Louis
Summary:
A group of two dozen corporate leaders, including Warren Buffet, is trying to influence American companies to increase the number of women in positions of senior leadership. The effort, called the 30% Club, is an expansion of an effort in Great Britain to increase female corporate board representation there to 30 percent by the end of 2015. But can it work in the United States? Maybe, with more defined objectives, says an expert on women in the workplace.

A group of two dozen corporate leaders, including Warren Buffett, is trying to influence American companies to increase the number of women in positions of senior leadership.

Related Articles


The effort, called the 30% Club, is an expansion of an effort in Great Britain to increase female corporate board representation there to 30 percent by the end of 2015.

But can it work in the United States? Maybe, with more defined objectives, says an expert on women in the workplace at Washington University in St. Louis.

"I think this is a good start," said Michelle Duguid, PhD, assistant professor of organizational behavior at Olin Business School and author of the paper "Female Tokens in High-Prestige Work Groups: Catalysts or Inhibitors of Group Diversification?"

"In order to increase representation of women at the highest levels of organizations," she said, "it is very important for business leaders at the level of chief executive and chairman to show their commitment to the outcome."

By making this public commitment, business leaders themselves will put more effort into reaching this goal, Duguid said.

"However, unlike the club launched in Britain -- which has the specific objective of getting 30 percent female representation on the boards of FTSE-100 companies by the end of 2015 -- the U.S. group does not seem to have very definite goals," Duguid said.

According to the British club, there are now 92 members of the 30% Club in the U.K. The FTSE-100, a stock index in London, has moved to 20.8 percent women directors as of March 2014 from 12.5 percent in 2010, with the 30% Club seen as a driving force behind the change.

"Specifically, the United States group does not have a percentage goal for women in leadership positions, and they have not specified the types of leadership positions they intend to focus on," Duguid said. "For example, does female senior leadership mean representation in the corporate suite and boardroom?

"Individuals tend to work harder to meet clear and concrete goals vs. ambiguous goals," she said. "Therefore, I am not sure we will see the dramatic increases that we are noticing in the U.K."

"We should also keep in mind," Duguid said, "that as women move into the higher levels of organizations they should receive comparable compensation to their male counterparts."


Story Source:

The above story is based on materials provided by Washington University in St. Louis. The original article was written by Neil Schoenherr. Note: Materials may be edited for content and length.


Journal Reference:

  1. Michelle Duguid. Female tokens in high-prestige work groups: Catalysts or inhibitors of group diversification? Organizational Behavior and Human Decision Processes, 2011; 116 (1): 104 DOI: 10.1016/j.obhdp.2011.05.009

Cite This Page:

Washington University in St. Louis. "'30% club' could work in U.S. with better defined objectives." ScienceDaily. ScienceDaily, 8 May 2014. <www.sciencedaily.com/releases/2014/05/140508151243.htm>.
Washington University in St. Louis. (2014, May 8). '30% club' could work in U.S. with better defined objectives. ScienceDaily. Retrieved February 26, 2015 from www.sciencedaily.com/releases/2014/05/140508151243.htm
Washington University in St. Louis. "'30% club' could work in U.S. with better defined objectives." ScienceDaily. www.sciencedaily.com/releases/2014/05/140508151243.htm (accessed February 26, 2015).

Share This


More From ScienceDaily



More Science & Society News

Thursday, February 26, 2015

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

Apple Ordered to Pay $533 Mln

Apple Ordered to Pay $533 Mln

Reuters - Business Video Online (Feb. 25, 2015) A Texas jury ruled that Apple&apos;s iTunes software infringed three patents. Apple says it&apos;ll appeal. Fred Katayama reports. Video provided by Reuters
Powered by NewsLook.com
Mayor Says District of Columbia to Go Ahead With Pot Legalization

Mayor Says District of Columbia to Go Ahead With Pot Legalization

Reuters - News Video Online (Feb. 25, 2015) Washington&apos;s mayor says the District of Columbia will move forward with marijuana legalization, despite pushback from Congress. Rough Cut (no reporter narration). Video provided by Reuters
Powered by NewsLook.com
GOP Voices Concern Over Net Neutrality Vote

GOP Voices Concern Over Net Neutrality Vote

AP (Feb. 25, 2015) The debate surrounding net neutrality was on full display at a congressional hearing Wednesday, a day before the FCC is set to vote on on whether to put Internet service in the same regulatory camp as telephone communications. (Feb. 25) Video provided by AP
Powered by NewsLook.com
Marijuana Nowhere Near As Deadly As Alcohol: Study

Marijuana Nowhere Near As Deadly As Alcohol: Study

Newsy (Feb. 25, 2015) A new study says marijuana is about 114 times less deadly than alcohol. Video provided by Newsy
Powered by NewsLook.com

Search ScienceDaily

Number of stories in archives: 140,361

Find with keyword(s):
Enter a keyword or phrase to search ScienceDaily for related topics and research stories.

Save/Print:
Share:

Breaking News:

Strange & Offbeat Stories


Science & Society

Business & Industry

Education & Learning

In Other News

... from NewsDaily.com

Science News

Health News

Environment News

Technology News



Save/Print:
Share:

Free Subscriptions


Get the latest science news with ScienceDaily's free email newsletters, updated daily and weekly. Or view hourly updated newsfeeds in your RSS reader:

Get Social & Mobile


Keep up to date with the latest news from ScienceDaily via social networks and mobile apps:

Have Feedback?


Tell us what you think of ScienceDaily -- we welcome both positive and negative comments. Have any problems using the site? Questions?
Mobile: iPhone Android Web
Follow: Facebook Twitter Google+
Subscribe: RSS Feeds Email Newsletters
Latest Headlines Health & Medicine Mind & Brain Space & Time Matter & Energy Computers & Math Plants & Animals Earth & Climate Fossils & Ruins