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New WBL Foundation Survey Shows Robust Pool of Women Available for Corporate Board Service
Date:3/4/2008

Group will unveil report at Tuesday event attended by local health care executives

WASHINGTON, March 4 /PRNewswire-USNewswire/ -- The typical health care industry senior executive is 51 years old, the sole or major breadwinner of the family, and runs a company with revenue of more than $250M per year. Did we mention that this senior executive is a woman, and that she is rarely given the chance to participate on the corporate boards that govern America's corporations?

According to a report being released on Tuesday, March 4, 2008 by the Women Business Leaders of the U.S. Health Care Industry Foundation -- a non-profit organization based in Washington, D.C. -- a robust pool of senior executive women from the health care industry are interested in corporate board service, but simply aren't being given the chance. When asked why, the survey (which polled nearly 100 women corporate executives from the health care industry) found that half of the women considered "exclusion from informal networks" to be the major problem, and that a quarter of them considered "lack of mentoring" as another major underlying cause.

To date, only 15.7% of the women surveyed report participation on the board of directors of a for profit company, but two thirds of the women report spending their time serving on non-profit boards. Two recent studies, one by Catalyst and the second by Wellesley Centers for Women, demonstrate that companies enjoy improved boardroom dynamics and increased return on equity, investment, and sales when companies have three or more women in the boardroom. Despite this research, less than a third of the women surveyed reported more than one woman on their own company's board; 16.7% reported zero women on their company's board of directors.

WBL will be hosting an open house event (http://www.womenleadinghealthcare.org/wbl/document
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SOURCE Women Business Leaders of the U.S. Health Care IndustryFoundation
Copyright©2008 PR Newswire.
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