Gender Gao

H. GENDER GAP lelena Morrissey remembers her worst moment as a woman in the City, London's financial district. It was almost 20 years ago, when she was the only fe- and we're not sure whether you can make it throuh'The sense Was that I was on a different path." Morrissey wound up proving him Wrong. She quit, joined Newton Imest- ment Manngement and, sven years Flint at HSEC Holdings Plk, to reach for that target. Her timing is good. Countries across Europe are adopting quotas to put Women in directars seata. Norway started the push in 2002 and has Feached its 40 percent mandate. Spain seta 40 percent goal in 2007 with a tar get year of 2015 Fance in Janunry re- quired 40 percent female boards by 2016. Italinn legislators are drafting a Inm with a 30 percent female require- ment at listed and state-run compa- Women directors are a minority even in countries with the most female friendly bHNIrds. male on a team with 16 male bond fund traders at Schroders TOP COUNTBES RANKEDDY PERCENTAGEOF WOMEN ON COHPORATE BOARDS Investment Management. Her young family's breadwinner, later, became chief executive officer at IWOMEN MEN she'd just returned from her first maternity leave and her boss passed her over for a promotion, saying he doubted herjob commitment. "I wanted to knowif I'd done some- nge 35 when Melkon FinancialCorp.took ONGT. Now 45, Morrissey remnins oneof the City's few femaleCEOx Sheoversces 47.2 billion pounds (8754billion) andal- thing wrong or I wasn't ready," says Morrissey, sipping wa- most #00 employves after boosting New UK12.$* ter ina conference room overlooking the London Eye. "The answer came back, Well, you've just had your first child, ton's business in the LUK.and expanding in the US. As to her previous manager's contention that child rearing might sap nies. Quotas may be coming in Germany, too, unless companies tap more women. Justice Miister Sabine Leutheusser-Schnarrenberger said in February. "A year ago, when I started talking about women on beards, people would tither be dismissive or say, Oh, wellget SWEDEN 273 FRANCE 12.7W FINLAND24.5 there anyway." Morrissey says "Now there's a whole grandswell of focus SOUTH AFRICA 15.8 实 AARK 33.0 anound it." Former UK. Trule Minister Mervyn Tavies isspearhHadingthecampaign on Morrissey's turf. He led a govermment- psored review released in February that concluded that women should make up 25 percent of FTSE 100 boards by 2015. Davies, a former chairman of Standard Chartered Plc, said he'll back legislation for quotas if things don't change in two years. "It's not just about gender equality."he said. "It's about im- proving the performance and produc- tivity of companies." Morrissey's 30 percent goal maystave off quotas. To make sure companies don't find exoISES to dawde, Morrissay has been meetingwith search firms and vorking with the Professional Boards Forum to develop a trove of qualified WIen and malch the candidates with chairmen, "I jersonally am passion- ately against quolas," she says. "They her work commitment, Morrissey has gone on to hawe eight more chiliren, for a total of nine. They range from age 2 to 9, and seven of them still live at home. Schroders declined to comment. stuck at about 10 percent. She decided to focus on the boardroom, where Homen can shape corporae decision making, help companies boost profits and show other women they can com- For years, Morrissey has quietly supported the drive to increase female managers in the workplace. These days, she's making more noise, and pete at the highest levels t0o. In No- vember, she formed the 30 Percent many of Britain'stopbosses are listen- ing She says she got tired of hearing alout diversity and never seeing prog- TUNE-wilh wITen in Britain's lop jobs Clubto presscompanies to employ that many female directors, up from 12 per- cent in 2010. She has persuaded more ihan 30 chairTen, about halffrom the FTSE 100, including Win Bischoff at Loyds BankingGroup Pleand Douglas Likyde ChairmanWNDSCHOFFutheacktor temale-only lists to ill boadut. * BLOOMILRG MARKIT: /nly M Jaly M BLDDMOLHO MARKETS B7 US 15.7 LANYO 主 N H. GENDER GAP lelena Morrissey remembers her worst moment as a woman in the City, London's financial district. It was almost 20 years ago, when she was the only fe- and we're not sure whether you can make it throuh'The sense Was that I was on a different path." Morrissey wound up proving him Wrong. She quit, joined Newton Imest- ment Manngement and, sven years Flint at HSEC Holdings Plk, to reach for that target. Her timing is good. Countries across Europe are adopting quotas to put Women in directars seata. Norway started the push in 2002 and has Feached its 40 percent mandate. Spain seta 40 percent goal in 2007 with a tar get year of 2015 Fance in Janunry re- quired 40 percent female boards by 2016. Italinn legislators are drafting a Inm with a 30 percent female require- ment at listed and state-run compa- Women directors are a minority even in countries with the most female friendly bHNIrds. male on a team with 16 male bond fund traders at Schroders TOP COUNTBES RANKEDDY PERCENTAGEOF WOMEN ON COHPORATE BOARDS Investment Management. Her young family's breadwinner, later, became chief executive officer at IWOMEN MEN she'd just returned from her first maternity leave and her boss passed her over for a promotion, saying he doubted herjob commitment. "I wanted to knowif I'd done some- nge 35 when Melkon FinancialCorp.took ONGT. Now 45, Morrissey remnins oneof the City's few femaleCEOx Sheoversces 47.2 billion pounds (8754billion) andal- thing wrong or I wasn't ready," says Morrissey, sipping wa- most #00 employves after boosting New UK12.$* ter ina conference room overlooking the London Eye. "The answer came back, Well, you've just had your first child, ton's business in the LUK.and expanding in the US. As to her previous manager's contention that child rearing might sap nies. Quotas may be coming in Germany, too, unless companies tap more women. Justice Miister Sabine Leutheusser-Schnarrenberger said in February. "A year ago, when I started talking about women on beards, people would tither be dismissive or say, Oh, wellget SWEDEN 273 FRANCE 12.7W FINLAND24.5 there anyway." Morrissey says "Now there's a whole grandswell of focus SOUTH AFRICA 15.8 实 AARK 33.0 anound it." Former UK. Trule Minister Mervyn Tavies isspearhHadingthecampaign on Morrissey's turf. He led a govermment- psored review released in February that concluded that women should make up 25 percent of FTSE 100 boards by 2015. Davies, a former chairman of Standard Chartered Plc, said he'll back legislation for quotas if things don't change in two years. "It's not just about gender equality."he said. "It's about im- proving the performance and produc- tivity of companies." Morrissey's 30 percent goal maystave off quotas. To make sure companies don't find exoISES to dawde, Morrissay has been meetingwith search firms and vorking with the Professional Boards Forum to develop a trove of qualified WIen and malch the candidates with chairmen, "I jersonally am passion- ately against quolas," she says. "They her work commitment, Morrissey has gone on to hawe eight more chiliren, for a total of nine. They range from age 2 to 9, and seven of them still live at home. Schroders declined to comment. stuck at about 10 percent. She decided to focus on the boardroom, where Homen can shape corporae decision making, help companies boost profits and show other women they can com- For years, Morrissey has quietly supported the drive to increase female managers in the workplace. These days, she's making more noise, and pete at the highest levels t0o. In No- vember, she formed the 30 Percent many of Britain'stopbosses are listen- ing She says she got tired of hearing alout diversity and never seeing prog- TUNE-wilh wITen in Britain's lop jobs Clubto presscompanies to employ that many female directors, up from 12 per- cent in 2010. She has persuaded more ihan 30 chairTen, about halffrom the FTSE 100, including Win Bischoff at Loyds BankingGroup Pleand Douglas Likyde ChairmanWNDSCHOFFutheacktor temale-only lists to ill boadut. * BLOOMILRG MARKIT: /nly M Jaly M BLDDMOLHO MARKETS B7 US 15.7 LANYO 主 N