Women Directors: Selection, Acceptance and Benefits of Board Membership

Abstract

This study examined views of women directors on criteria for their being selected, reasons for serving and benefits derived from their directorships. Data were collected from 280 women serving on Canadian corporate boards of directors using anonymous questionnaires. A successful career in traditional business organizations emerged as the major selection criteria. Personal contacts and visibility to male board members was essential. Company/industry interest and broadening skills and knowledge motivated women’s board service. Finally women board members reported considerable benefits from serving. Efforts to broaden the selection and nomination process to include more qualified women may benefit women, men and organizations.