06/27/2012 10:34 am ET

The New Case for Women on Corporate Boards: New Perspectives, Increased Profits

On the same day that Sheryl Sandberg was named the first woman to Facebook's board, I found myself attending an extraordinarily relevant event coordinated by the Committee for Economic Development (CED), a DC-based policy group that focuses on business. The event, based around their new report 'Fulfilling the Promise: How More Women on Corporate Boards Would Make America and American Companies More Competitive,' made a strong case for putting more women on corporate boards is not only good for women individually and collectively, but it is good for business and the economy.

The percentage of women on U.S. corporate boards has been stuck at around 11-12% over the last decade. That, said the CED, isn't going to cut it.

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