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Female board members more likely to have tech experience

Female board members more professional technology experience

Photo Courtesy of | © Cathy Yeulet

Female members of corporate boards of directors are nearly twice as likely as their male counterparts to have professional technology experience, according to new research from Accenture.

To understand the gender composition of corporate boards and the role technology plays in the careers of female board members, Accenture examined women’s representation on the boards of more than 500 Forbes Global 2000 companies in 39 countries across Europe, Asia, North America, South America and Australia.

The research found that 16 percent of female directors, vs. 9 percent of male directors, have professional technology experience.

While Accenture’s research shows a general shortage of technology experience in boardrooms in this digital era – with only 10 percent of all board members having professional technology experience – the findings point to the opportunity that women with professional technology experience might have in getting on corporate boards.

“As technology disrupts virtually every industry, companies need to think more broadly about the type of skills and experience needed for their boards, including getting more technology acumen into the boardroom. At the same time, they need to stay focused on gender diversity, since organizations with diversity at the board level perform better,” says Roxanne Taylor, Accenture’s chief marketing and communications officer. “Women directors with technology experience bring diversity and valuable insight – a clear recipe for strategic advantage.”

The research also reveals key differences among countries in the percentage of female directors with technology experience. For example, among the ten most-represented countries in the sample – the United States, Japan, Germany, China, France, the United Kingdom, Spain, Canada, the Netherlands and Australia – the U.S. has the highest percentage of female directors with professional technology experience, at 26 percent (vs. 17 percent of male board members).

In seven of those 10 countries, the percentage of female board members with technology experience exceeded the percentage of male board members with such experience. Only in Spain, Canada and China did male directors have more professional technology experience than female directors.

Accenture’s research also found notable differences between industries in the percentage of female directors with technology experience. Not surprisingly, of the 15 industries covered by the research, the one with the highest percentage of tech-savvy female board members is technology, at 51 percent – more than double the average of most other industries.

Communications ranks second (29 percent), followed by healthcare (22 percent). At the bottom of the list are banking (8 percent) and insurance (2 percent). In all but two industry sectors, both of which are part of the broader financial services sector, the percentage of women with technology experience exceeds the number of men with technology experience.

“It’s clear that more and more jobs – up to and including the board level – will require technology skills,” Taylor adds. “With the number of women pursuing computer science degrees hovering around 20 percent, we need to find new ways to get women excited about technology as early as possible.”

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