Made possible through a generous gift from Linda Rabbitt, founder and CEO of Rand Construction Corporation, GW Trustee and IWF member, On the Board promises to reshape the business landscape by building a pipeline of women prepared to serve on the boards of leading international companies. The goal of the program is to be recognized, by 2020, as a major international initiative for advancing women’s executive committee and board leadership.
On the Board welcomed its first class of 15 Fellows at a critical time: though more women in the U.S. earn advanced degrees than men and 75 percent of purchasing decisions are made by women, their representation on corporate boards has stalled at 16 percent for the last decade. More than 1,100 directors currently serving on Fortune 1000 boards are more than 70 years old. With their retirement looming, demand is surging for a new generation of directors. On the Board seeks to ensure that this new generation is gender balanced.