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Posted: 01/29/2014 1:01 pmEST Updated: 01/29/2014 1:59 pmEST
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Why Are There So Few Women
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Women, Watermark, Economy, Marilyn Nagel, Davos, Davos, Quotas, Gender Quotas, Women
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'Biggest Loser' Winner Rachel
Frederickson 'Lost Too Much Weight'
forum)recently about the lack of women attending one of the most important global
events of the year: the World Economic Forum. Back in 2011 at the APEC Summit
held in San Francisco, Hillary Clinton spoke
(http://www.thedailybeast.com/articles/2011/09/16/hillary-clinton-s-apec-speech-
women-are-key-to-global-economy.html)at length about Women being the next
global economy. Clearly, from that talk and other studies, the only way we can
achieve economic vitality on a global scale is to "unlock a vital source of growth that
can power our economies in the decades to come. And that vital source of growth is
women. Because by increasing women's participation in the economy and enhancing
their efficiency and productivity, we can bring about a dramatic impact on the
competitiveness and growth of our economies." So it is hard to believe that WEF has
still not found a way to include more women in one of the most important and
powerful forums in the world.
What is interesting is that the forum, in an effort to increase the representation of
women, asked companies who send five delegates to include one woman, and the
result was that companies only sent four delegates -- the ratio of women to men
actually decreased after this request. Hannah Kain, CEO of ALOM
(http://alom.com)and Watermark Board member commented:
I think the problem is that many of the participants are 'grandfathered' in. Since
this is such a prestigious place to go and network, nobody is giving up a slot.
Organizations can chose between tradition (grandfathering in) and recognizing
the past on the one hand, or embracing innovation or diversity on the other
hand. Kudos for the organizers to think about gender diversity, but they are
sitting between two chairs here. Quotas are in general problematic. If they
organized a high-level women-only event in conjunction with the symposium,
then more organizations might actually 'voluntarily' send women such that they
could participate in both events.
I agree with Hannah's assessment and recommendation, and it is reminiscent in
some ways to the challenge we have in seeing more women on boards. There are
plenty of qualified candidates, but unless there is a commitment to better gender
balanced boards, and some form of term limits are imposed, there is no space at the
table for women, on boards or at this most prestigious and important event.
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