Athena Alliance strives to place more women in seats at tech’s leadership table
The tech world moves fast, but when it comes to female representation at senior levels, it doesn’t move fast enough.
Representation of female board members among companies with $100 billion or more in market capitalization is currently 23%. That drops to 9% for private companies or firms up to $500 million in market cap, and the current pace of improvement is just 1% per year, according to data supplied by The Athena Alliance.
The organization was formed in 2016 with a mission to support women, boards and corporations in building the strongest talent bench. Progress has been made, yet four years later there remains a lot of work to do.
“A big part of the challenge is companies having the disposition collectively to see the board as a competitive advantage for the business, as a very necessary and productive piece of the business,” said Coco Brown (pictured), founder and chief executive officer of The Athena Alliance. “When they see that, they take more proactive measures to make sure they have an evolving and strong board.”
Brown spoke with Jeff Frick, host of theCUBE, SiliconANGLE Media’s livestreaming studio. They discussed positive trends in changing the percentage of female representation and advice for women seeking a seat at the table.