Money isn’t everything when it comes to enticing women onto boards
First Women Exclusives · February 2, 2016
According to Ruth Sacks, principal lecturer of leadership and professional development at Westminster Business School, boards should remember that recruitment is a two way process: it’s not just appointing women to join the existing board but it’s important for the board to make membership an attractive career option.
In essence, Sacks is of the belief that bosses shouldn’t be resigned to thinking money will entice women onto boards.
As such, she suggested the initiative to have reward transparency is very positive – once organisations are required to be open about salaries and associated rewards, this should provoke people to question the approach used to decide how rewards are allocated, thus ensuring the issue is debated widely.
This only works where the individual has visibility and credibility within the organisation and s/he can influence and promote such a policy, Sacks said, and more of her opinions can be found on Real Business.
