CanWIT (Women in Tech) would like to share with members and supporters a new study, authored by Vell entitled: Women Board Members in Technology Companies: Strategies for Building Diverse High Performing Boards. The report takes an in-depth view at the topic. The resulting facts and figures suggest specific recommendations for creating greater diversity.
This report looks at an ecosystem of companies to determine opportunities and bottlenecks. Three key factors are examined: company size, industry sector and the number of insiders.
400 companies have at least one woman on their board; but 30 percent of tech companies have zero women on their boards, and 66% have zero or one woman on their boards. In stark contrast, less than 12 percent have three or more women on their boards — the minimum number of women required to correlate with greater company performance.
The smaller the companies, the fewer women board members. Companies in the $100 million to $500 million revenue size have 216 women board seats versus 1,662 male seats. Nearly all companies with over $5 billion in revenue have at least one woman…
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CanWIT (Women in Tech) is a CATAAlliance initiative designed to promote mentorship, STEM disciplines, Innovation advocacy and successful women led enterprises in Canada.
CanWIT crowdsources ideas and guidance from thousands of opt in members in moderated social networks in Canada and key global markets.
Among it key programs are, the Sara Kirke Awards for recognizing women entrepreneurs, Social Groups for peer information exchange, Video Sharing Channels for sharing of best practices, Competitive Innovation nation advocacy and member events on topics of the day.