<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=290086984736480&amp;ev=PageView&amp;noscript=1">
Search
word-map-thumb

The Alternative Board Blog

Why More Female Business Owners Are Joining Boards

Jan. 10, 2019 | Posted by Phil Spensieri, TAB York Region
Phil Blog-1

It’s encouraging to see more women business owners joining boards. I’ve found that most women in management, specifically on boards, offer a different style of leadership and a fresh perspective, taking companies to a whole new level of decision-making. It’s wonderful to see so many women interested in assuming strong leadership roles on boards, and I’m excited to report that the numbers are growing.

The number of women who own businesses and operate at senior levels has increased by 114% over the past 20 years. This increase shows that there are more women who are willing to take on prominent leadership roles, which has ultimately contributed to the rise of their participation on boards. With stronger board diversity, more female leaders offer a welcome change of pace.

So, what exactly is attracting more women to the boardroom?

The following factors have contributed to the continuing rise of women on boards:

Fulfillment of diversity quotas

Yes, the fulfillment of a diversity quota may seem a bit trite, but it’s an important point to touch on. As the business world evolves, there’s a greater emphasis on the filling of diversity quotas. These quotas are in place to ensure that equal opportunity is given, regardless of gender or cultural background. Because of this, more women are stepping up to the challenge and putting themselves on the boardroom frontline.

Although there are many other reasons why women are taking on stronger leadership roles, this factor has opened the floor for further discussion towards a better gender balance in the boardroom.

Want additional insight? Download Easy Ways to Improve Your Company Culture

DOWNLOAD
A different perspective

I’ve seen many women on our TAB Boards communicate their ideas and initiatives in a way that makes for a stronger, more connected dialogue amongst board members. In terms of leadership, I’ve found our female board members are not afraid of passion and drive. Their enthusiasm helps other board members to see business not just as a means to an end, but as a journey towards something infinitely more rewarding.

Ability to relate to a wider audience

A strong board needs to be one that reflects the community at large, in which people can feel free to provide input, as well as receive it. Often, women will stay in management roles longer due to family commitments, allowing them to gain a better understanding and offer input from a broader perspective.  Female board members’ experiences in achieving a work/life balance will often help them better understand the plight of employees, and in turn, offer that perspective to the board.

The presence of more women in leadership roles is an essential step towards equality and balance in the workforce. In a board setting, as well as in other management roles, women comprise a valuable demographic that offers unique perspectives and opportunities for expansion.

I’m looking forward to increasing the diversity on our TAB boards in 2019 by inviting more female entrepreneurs to our boards. Contact me if you’re interested in joining my TAB Board.

Read our 19 Reasons You Need a Business Owner Advisory Board

DOWNLOAD

Written by Phil Spensieri, TAB York Region

Phil Spensieri is a TAB Facilitator in the York Region of Ontario, Canada.

Related posts

7 Benefits of a Mastermind Group or Advisory Board
Nov. 11, 2019 | Posted by The Alternative Board Worldwide
Being a successful CEO or business owner is challenging enough when you have a capable support team of executives and fellow employees. But when the business landscape is continuously in flux, that...
What Are Mastermind Groups and Advisory Boards?
Nov. 8, 2019 | Posted by The Alternative Board Worldwide
Every CEO and business owner experiences moments of great isolation. They feel that no one grasps the enormity of their job or understands the scope of their decision-making process. Some business...
How to be an Effective Manager in a Small Business
Jul. 23, 2019 | Posted by Ronita Mohan
People are what make up a business and managing them is one of the key tasks of any business owner or managerial level employee. Being an effective manager at a small business requires you to...
What's the Difference Between Business Development and Sales?
Jul. 18, 2019 | Posted by The Alternative Board Worldwide
At first glance, there doesn’t appear to be much distinction between business development and sales. Aren’t both activities geared towards generating more profit for the organization? Isn’t a sales...
5 Customer Acquisition Strategies that Spur Growth
Jul. 9, 2019 | Posted by The Alternative Board Worldwide
Maintaining a strong base of existing clients is essential for every business, but acquiring new customers is equally important. Without an influx of new and prospective customers, a business may...
5 Tips to Effectively Scale Business Growth
Jun. 27, 2019 | Posted by The Alternative Board Worldwide
All businesses need to grow, but at what pace and how quickly should they scale that growth? These questions intrigue (and sometimes torment) business owners, because there’s no single “right” answer...
Create a Customer Satisfaction Survey that Gets Results
Jun. 20, 2019 | Posted by The Alternative Board Worldwide
Crafting a customer survey that gauges satisfaction with your business isn’t as easy as it looks. If the survey is comprised of misleading questions, or comes burdened with too many instructions,...
4 Tips on Creating a “Customer Experience” Strategy
Jun. 6, 2019 | Posted by The Alternative Board Worldwide
In your company, how much thought is given to the quality of interactions between your customers and your business? The experience your customers have when interacting with your brand can make all...
Are You Looking to Expand Your Business?
Jun. 4, 2019 | Posted by Phil Spensieri, TAB York Region
Over the years, I’ve coached many business owners as they’ve worked to expand their business. Whether it’s the physical expansion of your office space, expanding your workforce, or investing in new...
Turning Loyal Customers into Brand Ambassadors
May. 30, 2019 | Posted by The Alternative Board Worldwide
Gaining loyal customers is just the first step in an effective growth strategy. For many companies, the hunt is on for individuals who are so taken by their products or services that they are willing...