Board diversity a ‘significant opportunity’ for corporations

The number of women and minorities on corporate boards has remained static in the last 10 years, despite an increasing amount of data supporting the argument that board diversity is related to good business outcomes. “Businesses have a significant opportunity to improve performance through increasing the diversity – in many forms – of their board,” said Hillary Sale, JD, corporate governance expert and professor of law and management at Washington University in St. Louis. Sale offers thoughts for both corporations and potential board candidates.

Push for corporate board diversity set to increase in the U.S. due to European pressure

As Germany prepares to enact quotas that will mandate quotas for female participation on major corporate boards, the United States is feeling the pressure to improve board diversity, says Hillary A. Sale, JD, corporate governance expert and professor of law at Washington University School of Law. After years of little growth, the percentage of women directors on U.S. Boards remains at 12 percent.

Pressure mounting to add women to U.S corporate boards

Despite evidence supporting boardroom diversity as a driver of corporate performance, “the percentage of women directors on U.S. boards stagnated some years ago and remains at or near 12 percent, with fewer than 10 percent of boards having three or more women,” says Hillary A. Sale, JD, the Walter D. Coles professor of law at Washington University School of Law. “The pressure to add women directors is, however, growing.”  Sale discusses options to grow board diversity.

Contemporary corporate architecture’s impact on communities examined

Soumen Rakennustaiteen Museo (SRM)McDonald’s-Finland Headquarters in HelsinkiHas corporate architecture doomed the city? Over the last century, corporate headquarters — as well as churches, universities and government institutions — have been pillars of the urban environment, embodying the culture, values and aspirations of their societies. Yet today’s corporations — competing in global, open-market economies; distanced and disassociated from the means of production — have increasingly situated themselves on the suburban periphery, replacing civic engagement with simple displays of technological prowess. As a result, “corporations must be seen as potential ‘dissolving agents’ of the cities in which they have chosen to locate,” argues Peter MacKeith, associate director of the Sam Fox School of Design & Visual Arts at Washington University in St. Louis, where he also serves as associate dean of Architecture.