We need diversity of thought to be effective. You get that well-rounded knowledge through a diverse group of people who represent your audience, customers and industry.
Nashville, TN (PRWEB) May 23, 2012
The InterOrganization Network (ION) President Sarah Meyerrose is an inaugural member of the task force organizing Moving the Needle, an initiative dedicated to identifying qualified women and ethnically diverse board members. Led by Corporate Board Member, an NYSE Euronext company, this invitation-only event is scheduled for July 18-19 at the New York Stock Exchange. Attendees will include public company CEOs, chairmen of the board, lead directors and their sponsored candidates – board-eligible women or ethnically diverse candidates not currently serving as directors of public companies.
Each prospective board candidate will have the opportunity to interact with public company governance and nominating committee members, as well as executive board search firms. ION, along with other prominent organizations such as The White House Project and Vision 2020, is an official resource for the program. After the event, a digital and printed book containing candidate profiles and board diversity research will be published and sent to board nominating/governance committee chairs of public companies.
“This event is unique because the referral system and networking format helps firms hone in on qualified diverse board candidates. For too long, corporations have perpetuated the myth that the pool of eligible women directors is shallow. This event will prove otherwise,” said Ms. Meyerrose.
The itinerary for Moving the Needle includes:
Wednesday, July 18
- 4:00 p.m. – Moving the Needle representatives will ring the NYSE closing bell. The bell ringing will be viewed globally by more than 100 million people.
- 6:00 p.m. - 7:30 p.m. – Cocktail reception on the NYSE trading floor.
- 7:30 p.m. - 9:30 p.m. – Dinner on the seventh floor for CEOs, chairmen/lead directors, candidates, public company nominating/governance committee chairs and members, search firms, pro-diversity organization leaders and invited guests.
Thursday, July 19
- 8:00 a.m. - 10:30 a.m. – Breakfast and interactive networking session for candidates, search firm representatives and nominating/governance committee chairs and members. Public company CEOs are invited to attend a peer workshop led by NYSE Euronext CEO Duncan Niederauer. Public company board chairmen/lead directors will attend a separate discussion-based seminar.
“Stonewalling the formation of a diverse board in today’s world does not make good business sense. We need diversity of thought to be effective. You get that well-rounded knowledge through a diverse group of people who represent your audience, customers and industry,” said Corporate Board Member President and ION Advisory Council Member TK Kerstetter. “Moving the Needle is about building boards that can improve U.S. public companies’ performance, which will ultimately enhance shareholder value.”
Before the main event in July, Moving the Needle will host a Diversity Think Tank on May 23 at the New York Stock Exchange. The think tank will review various studies that both support and refute the notion that shareholders benefit from diverse boards, as well as evaluate global trends mandating board diversity and discuss realistic options for the U.S. The think tank discussions will be videotaped for further distribution through various governance outlets. Video highlights will be featured in the Q3 2012 issue of Corporate Board Member and broadcast at the July 18 event dinner.
Founded by Corporate Board Member, Moving the Needle will host separate networking exercises and peer group workshops for board candidates, nominating/governance committee members and public company CEOs, chairmen and lead directors. Individuals who would like to suggest an eligible CEO or board candidate may contact sarah[at]ionwomen[dot]org.
About Corporate Board Member
Corporate Board Member, an NYSE Euronext company, is the leading information and education resource for senior officers and directors of publicly traded corporations, large private companies and Global 1000 firms. The quarterly publication, Corporate Board Member magazine, provides readers with decision-making tools to deal with the strategic and corporate governance challenges confronting their boards. Corporate Board Member further extends its governance leadership through an online resource center, conferences, roundtables and timely research. The magazine maintains the most comprehensive, up-to-date database of directors and officers serving on boards of publicly traded companies listed with NYSE Euronext and The NASDAQ OMX Group Inc stock exchanges. http://www.boardmember.com
ION, the InterOrganization Network, is a national nonprofit organization representing more than 10,000 women dedicated to increasing the number of women on for-profit boards and in executive suites. ION creates a national voice for its 15 regional member organizations to influence, build awareness and expand opportunities and connections. ION’s founding partner is KPMG LLP, the audit, tax and advisory firm and U.S. member firm of KPMG International Cooperative (“KPMG International”). ION recently published its eighth annual status report of women director and executive officers of public companies in 14 regions of the U.S., highlighting opportunities for both organizations and individuals to diversify the composition of national corporate leadership.
ION: Mar Junge, mar[at]c3PR[dot]com, 408-730-8506, mobile 208-219-0101
Corporate Board Member: Kimberly Crowe, kcrowe[at]boardmember[dot]com