It is common knowledge that there are far fewer women than men in corporate board rooms today. For example, only one in five board members of S&P 500 companies are women. Accenture decided to look deeper and understand what these women are bringing to the table and found a very interesting trend*.
We found that women are nearly twice as likely to have professional tech experience compared to their male counterparts. ”As technology disrupts virtually every industry, companies need to think more broadly about the type of skills and experience needed for their boards, including getting more technology acumen into the boardroom. At the same time, they need to stay focused on gender diversity, since organizations with diversity at the board level perform better,” said Roxanne Taylor, Accenture’s chief marketing and communications officer. “Women directors with technology experience bring diversity and valuable insight—a clear recipe for strategic advantage.”
Learn more about the key insights from this research.
Accenture examined women’s representation on the boards of 518 Forbes Global 2000 companies in 39 countries across Europe, Asia, North America, South America and Australia. In total, 7,188 board of director profiles were screened, including those of 1,166 female directors. The research covered 15 industry sectors: automotive and industrial; banking; insurance; capital markets & diversified financials; communications; consumer goods & services; energy; healthcare; media; natural resources; pharmaceuticals, chemicals and life sciences; retail; technology; travel, and utilities. For the purpose of the research, professional technology experience was defined as holding a key technology position – such as serving as a chief technology officer, chief information officer or chief digital officer – at their current company or at a previous company, or having senior responsibility at a technology firm. The research was conducted between February and April 2016