Stakeholders -- investors, customers and the workforce are demanding change. The U.S. can't be seen to lag behind Europe. We need to rectify an imbalance rooted in dated stereotypes and male-dominated cultures. If quotas are not the solution, we need to revise recruitment strategies and processes, to ensure we find qualified women.
Director-shareholder engagement may not advisable for every board for a number of legitimate reasons. But there is no question it is an emerging practice. Those who have engaged say it is worthwhile and can be a powerful strategy to strengthen shareholder relationships in an age of increasing investor activism.
As 2014 rolls in, I would like to suggest a bold resolution for corporate board chairs: We will search for and find, not just one, but several, competent, capable, qualified women to join our board of directors this year -- even if we have to expand the size of our board, which we have the authority to do.