Prediction certainty 4/5 debate potential 3/5

Reaching 30% Female Board Representation Will Take 33 Years

Geri Elliott · a16z Podcast | Building a Better Board · Jan 2, 2019 · at 23:48

Geri Elliott, corporate board director at Whirlpool and Bed Bath & Beyond, speaks on an Andreessen Horowitz panel about the slow pace of gender diversity on Fortune 500 boards.

0:00 / 0:04exact quote · 4.1s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“Current course and speed, to get to 30%, it will take 33 years.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Geri Elliott

Prediction Held up
27% of Fortune 500 Board Seats Will Turn Over in Five Years
“And so E&Y did a study, and they said in the next five years, they thought 27% of the Fortune, 501,000 board members would turn over.”
Geri Elliott Jan 2, 2019 ▶ 26:40 a16z Podcast | Building a Better Board
Insight
Board Candidates Must Articulate a Clear Value Proposition
“Know what your value proposition is, and write it down, and actually have that five minute elevator pitch in your head, because if you can't articulate the value proposition to that board, then the conversation doesn't start.”
Geri Elliott Jan 2, 2019 ▶ 14:31 a16z Podcast | Building a Better Board
Assertion Partly supported
Higher Board Meeting Frequency Correlates With Better Financial Performance
“And the studies show that the longer the boards meet, or the more the board meets, it actually translates better to the bottom line. It's between 20 and 40 days a year with an average of 28.”
Geri Elliott Jan 2, 2019 ▶ 19:05 a16z Podcast | Building a Better Board
Assertion Supported
70% of Corporate Board Seats Are Sourced Through Networks
“Shelley was saying only 30% of board seats get, get sourced by a recruiter. The other 70% is through the network.”
Geri Elliott Jan 2, 2019 ▶ 20:47 a16z Podcast | Building a Better Board
Assertion Contradicted
Fortune 500 Board Seats Dropped 12% Since 2009
“And since 2009, the number of board seats in the Fortune 500 has reduced by 12%. Boards are getting smaller. Used to be an average of 10.8. It's now closer to nine.”
Geri Elliott Jan 2, 2019 ▶ 24:08 a16z Podcast | Building a Better Board
What-if
Early Board Service Improves Operating Executive Performance
“I wish I had done it earlier, because I would have been a better operating executive.”
Geri Elliott Jan 2, 2019 ▶ 30:51 a16z Podcast | Building a Better Board
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 1,000 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.