Making the San Diego region the best place to live and work means ensuring our workforce has what it needs to be successful. An important part of that is looking at who is leading our companies and organizations and making sure our leadership is diverse and gender-balanced.
It’s why we have created the All Our Talent: Women on Boards and Commissions initiative, an effort of the San Diego Regional Chamber Foundation with support from Mine The Gap, focused on addressing the need for more women on corporate, nonprofit, and government-appointed boards & commissions in our region.
Why This Focus
Women represent nearly half of the US workforce yet continue to be significantly underrepresented in leadership roles. Women represent a quarter of the C-Suite and 20% of board seats for the largest 3,000 companies in the U.S. Research shows that organizations perform better, are more successful, and have a competitive advantage when they are driven by a diverse and gender-balanced leadership. In 2018, the state of California took steps to affect change in this space with the first-in-the-nation law requiring publicly held companies to put women on their boards of directors.
Global research shows that companies with a critical mass of women on their boards are significantly more profitable. Credit Suisse conducted a six-year global research study showing that women on boards improve business performance for key metrics, including stock performance; companies with women directors on their boards outperformed shares of comparable businesses with all-male boards by 26 percent. Likewise, a 2016 study by Morgan Stanley Capital International found that United States companies with three or more female directors reported earnings that were 45 percent higher than those companies with no female directors.
But it’s not purely about economic success. Companies are more innovative and nimble when women and men are leading together. Varied perspectives, experiences, and backgrounds bring robust analysis, thoughtful workplace policies, and enhanced decision-making.
Report and Landscape Analysis
A landscape analysis on the state of women on boards and commissions locally and the disparities and barriers in our region’s leadership was released on June 23, 2020. To substantively address the gender gap issue, in the following months, the initiative will provide support to match qualified and trained women ready to serve on boards and commissions.
All Our Talent Legislative Summit
This event highlighted women in policymaking roles who have been working on issues related to women’s advancement in the workplace. Women elected officials and policy experts discussed how public policy and cutting-edge initiatives like — All Our Talent: Women on Boards & Commissions — are growing the influence of women leaders at work and building more inclusive workplaces. Watch the recording here.
This initiative depends on the support and involvement of women in serving on a board or commission, and businesses and organizations interested in diversifying their boards.
If you are interested in learning more and participating in this initiative please click the button below to fill out our interest form.
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