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Former Obama advisor Valerie Jarrett has just been appointed to Ralph Lauren’s board, joining effective Tuesday (Oct. 20), reports MarketWatch. Jarrett now makes up four of the 13 directors on the board that are women. “We are pleased to welcome Valerie to the Ralph Lauren Board of Directors,” said Ralph Lauren, Executive Chairman, and Chief Creative Officer, according to CityBizList . “Valerie is a proven and highly respected leader with a clear passion for citizenship and making a positive impact on the world.” He adds: “Valerie’s breadth of experience across the public and private sectors and unparalleled expertise in government, law, and leadership will bring a new perspective as we continue to build the future for our iconic Company.” She is the longest-serving Senior Advisor to the Obama Administration where she oversaw the Intergovernmental Affairs, the Offices of Public Engagement, and chaired the White House Council on Women and Girls. In addition to her role as an advisor...
An organization’s biggest asset is arguably its board, which provides leadership and ensures responsible execution of the organization’s vision. However, boardrooms across the nation are much the same as the venture capitalist landscape: predominantly white and male. Creating a more balanced board has become a corporate conundrum, hampering diversity initiatives and recruitment efforts. The National Diversity Council’s 2018 study of business leadership in Texas revealed that white males made up more than two-thirds of C-suite and board members, though the state’s white male population is less than 45 percent. Overall, minority women represent less than two percent of executive and board composition in the state . The picture painted in Texas is a window into a larger, national issue, where the growing diversity of the U.S. population is not reflected in corporate leadership. Fortunately, there are options for companies working to achieve more diversity in the boardroom. Since low...
California governer Jerry Brown just signed a bill into a law that will diversify the boards of major companies headquartered in California. This new law requires that major companies, including Apple, Snap and Tesla, need to have at least one woman on their boards by 2019. And for larger boards, they could require the presence of up to three women by 2021. Failure to comply will result in a $100,000 fine for the first violation and $300,000 per violation after that. And startups would also be required to add at least one woman to their board before going public. Despite Brown signing it into a law, according to Recode, some business groups are already opposing it. When Brown signed the message, he said the following: “Given all the special privileges that corporations have enjoyed for so long, it’s high time corporate boards include the people who constitute more than half the ‘persons’ in America.” Having women on corporate boards has also been shown to have more effective...