28 Directors Need to Put in the Spadework
The Quota Bandwagon: Female Execs Debate the Benefits, Dangers of Quotas
The debate over corporate board quotas has come to Australia. Recent employment equality reforms will require companies to disclose the numbers and roles of women in their organizations, with companies falling short of legislative standards at risk of losing the government’s business. Quotas are being pushed for by some prominent politicians, and even those against them are calling them a tool of “last resort”, leaving the door open for future mandates. The Australian newspaper recently attended a roundtable of female corporate directors and advisers, who openly shared their concerns about the threatened quotas, female career paths, and the need for women to sustain their own support systems.
- Even among those supportive of corporate board quotas, some of the directors were worried about the implications the quotas may have on how younger women visualize their career paths.
According to one director, “the focus in the media has been about directors, directors, directors, [so now] there’s a lot of women mid-career who think: oh I should go now from where I am to be a director because I don’t want to miss the opportunity.”
- The artificial push, another director suggested, thus leads some younger women to believe that they can prematurely step into a role that is designed to reward the sort of career success that is built over years—if not decades—of diligent work. The focus on the top underrates the important equality work that needs to be done in the middle levels of management, where the real issues in female advancement exist.
- Addressing those issues requires a team effort, both from aspirant women and their supervisory counterparts. Female executives who have risen to higher levels in their careers are, according to the panel, falling short when it comes to fostering the next generation of female businesswomen.
- Unlike their male counterparts, who tend to more actively support the career development of their protégés, female executives tend to be more competitive, and can be less generous in sharing the largesse of their success and experience. While the trend has moved away from this tendency in recent decades, women are still fighting each other for progress, instead of working together for advancement, according to some panelists.
- Yet the onus is not only on those capable of nurturing a colleague’s career, panelists said. Younger career women also need to cultivate their own experience, assert their priorities and actively seek out—and request—paths of advancement. Such behaviors, which more closely mirror the tendencies of male employees, are examples of how women may need to re-envision their approach to better cope with the structural iniquities that often retard their promotion.
- Ultimately, the panel seemed to agree, corporate culture is fraught with obstacles for women who aspire to top spots. Whether females can overcome by their own impetus, or whether their way needs to be cleared by extra-corporate pressure and law remains unclear, and opinions are divided.
A former corporate executive, who is unsupportive of the quota mandates, suggested that the best route, for now, is internal, saying “I’m not so comfortable about a quota … I think it’s much better to start with the … softer (approach) and particularly take it down to management levels”.
The Australian’s full coverage of the executive roundtable be found on their website.
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Comments
Jen Dalitz wrote on 12.06.2011 03:25:52:
I was the facilitator of this round table discussion that was hosted by ANZ Private Bank and it was great to hear the feedback from some of our women business leaders. The story didn\'t pick up well that this was actually a mixed forum - the men and women present contributed equally to the discussion on board diversity and the lack thereof in most Australian boardrooms. Gender was a hot spot that was debated by all and identified as an area that needs to be adddressed immediately if we are serious about creating the most talented teams at the top of business. Many of the men present were able to articulate the good work already under way in their companies.
Jennah wrote on 24.08.2011 06:36:45:
I wntaed to spend a minute to thank you for this.