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Workforce Diversity For Engineering And IT Professionals Magazine, established in 1994, is the first magazine published for the professional, diversified high-tech workforce, which encompasses everyone, including women, members of minority groups, people with disabilities, and non-disabled white males. to advance in the diversified working community.

This magazine reaches engineering or information technology graduate students or professionals nationwide at their home addresses.

If you are an engineering/IT graduate student or professional, Workforce Diversity for Engineering & IT Professionals is available to you FREE!


Workforce Diversity

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BOARDROOM DIVERSITY AT A STANDSTILL
The Alliance For Board Diversity (ABD) reported that women and minorities have made no real gains in the boardrooms of corporate America. The ABD is a collaboration of four leadership organizations: Catalyst, The Executive Leadership Council (ELC), the Hispanic Association on Corporate Responsibility (HACR), and Leadership Education for Asian Pacifics, Inc. (LEAP).

According to the report, women and minorities remain vastly underrepresented at the decision-making tables of corporate boardrooms, with white/ Caucasian men comprising nearly 70% of the 1,214 seats. The trend is similar in the Fortune 500, with white/Caucasian men accounting for 73.3% of the total 5,488 board seats. Overall, there have been only very small gains in boardroom representation since the first ABD census of Fortune 100 board directors in 2004.

Women and minorities also continue to be underrepresented in leadership roles in boardrooms. Among the five major categories assessed—board chair, lead director, audit committee chair, nomination/governance committee chair, and compensation committee chair—women and minority men experienced small increases in leadership positions on boards. Minority women were the only group that did not make any gains in leadership positions.

“We continue to find the research troubling because the ABD believes in the business proposition that when diversity leads, business succeeds. We know that in order to sustain longterm success, companies must continually create new ideas and solutions,” states ELC president and CEO Ronald C. Parker. “This innovation is driven by diversity of thinking at every level of the organization, especially within senior leadership teams and in the boardroom. Women and minorities are an important part of that equation."

The ABD believes that there are valuable benefits to corporate diversity. This belief is, in part, based on research that shows that diverse teams, well managed, yield better results. The research also indicates that diverse teams help drive new and independent perspectives and better group performance as well as provide market-based insights that are critical for innovation and business success over time.

According to the ABD, the challenge to board diversity is not on the supply side. There are more qualified women and minority executives than ever before for board positions at Fortune 500 companies. The ABD is doing its part to ensure that qualified candidates are considered for board opportunities. Each ABD member supports initiatives that position qualified women and minorities for service on Fortune 500 corporate boards. For more information on this report and the Alliance for Board Diversity, visit www.theabd.org.

 

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