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.
State Symposium Best Practices
In another landmark for gender equity at the highest levels of business in the region, the Chamber revealed the top best practices born from its statewide symposium this summer in a San Diego Union-Tribune op-ed series.
From broadening a Board Search Committee’s pool of candidates to the importance of vocal male allies and support for child and elder care, this year’s best practices aim to help companies grow diverse women’s leadership at the top – specifically increasing the numbers of women on company and nonprofit boards, and local government commissions.
Read about them here:
- Board Search Committees Should Broaden Reach for Talent
- Vocal Male Allies Are Essential
- Support for Child/Elder Care Must Be Understood and Addressed
On June 18, the Chamber held a statewide, virtual conversation focused on the dynamic challenge of increasing the number of women serving at the board level of public and private companies, nonprofit organizations, and government commissions throughout California.
This event brought together city chambers from around the state, business leaders, advocates, and experts to share what is working, where we can identify talented women from diverse backgrounds and experiences to serve, and develop next steps so that business is seen as a champion for board diversity and inclusion work. Watch the recording here.
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.
Get Involved – All Our Talent + theBoardlist
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.
All Our Talent is proud to partner with theBoardlist to connect talented women in San Diego with companies and organizations looking to diversify their boards and leadership teams. All Our Talent and theBoardlist want to see boards use the exceptional experience of women in our region. Unfortunately, oftentimes women do not have access to the networks that decide who fills board seats for public and private company boards, as well as nonprofit organizations. This partnership will allow interested women to sign up and create a profile so that companies and organizations in the San Diego region and around the world can see a candidate’s experience and connect for board opportunities.
If you are interested in learning more and participating in this initiative please click the button below.
THANK YOU Sponsors