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2011 Global Summit of Women May 5-7, 2011 Istanbul, Turkey Accelerating Board Diversity Globally Dr. Jane E. Shaw Chairman of the Board Intel Corporation. United States: status. There are currently no mandated quotas for women on boards or in senior management positions
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2011 Global Summit of WomenMay 5-7, 2011Istanbul, TurkeyAccelerating Board Diversity GloballyDr. Jane E. ShawChairman of the BoardIntel Corporation
United States: status • There are currently no mandated quotas for women on boards or in senior management positions • Since 2009, the SEC requires disclosure as to how diversity is considered in selection of board candidates • Women occupy 15.2% of Fortune 500 company board seats* • Women occupy 12.2% of 1,754 listed companies** • Women occupy 33% of Independent Directors seats at Intel • *Provided by Catalyst, from the 2009 Catalyst Census: Fortune 500 Women Board Directors • **Provided by GovernanceMetrics International, from Women on Boards: A Statistical Review, March 2010
Susan L. Decker Private Investor and Advisor Additional Women on Intel Board • Ambassador Barshefsky • Partner, Wilmer Cutler Pickering Hale and Dorr LLP
Driving Improvement • Increase the Talent Pool • Companies draw from the pool of C-suite executives • Women hold 15% of C-suite positions • Companies must do a better job of: • Hiring women • Supporting their careers • Sponsoring them • Expand Board Search Practices • At Intel, we broadly seek specific expertise • Hold Companies Accountable • Ensure corporations have an effective diversity program in place • Sponsor senior women executives to get placed on boards
Intel’s Approach to Diversity • Comprehensive diversity and inclusion strategy • Paul Otellini, President & CEO is executive champion • Office of Diversity partners with the business to drive results • Initiatives drive hiring, retention and development • Measure success; results tied to annual executive bonus • Share the value proposition for diversity • Communicate! Generate enthusiasm and commitment