NEW YORK–(BUSINESS WIRE)–Today, social impact venture Him For Her presented a Commitment to Action at the Clinton Global Initiative (CGI) 2023 Meeting to solve gender diversity on corporate boards. CGI convenes global and emerging leaders to create and implement solutions to the world’s most pressing challenges.
Speaking from the mainstage at the event, Him For Her CEO and Founder Jocelyn Mangan committed to ensuring that every public and high-growth private company in the country has a critical mass of women directors in the next ten years.
The boardroom is the most influential room in business; boards oversee decisions that affect not only shareholders but also customers, employees and communities. Diverse boards have been shown to deliver better outcomes for all stakeholders and yet less than a third of the directors on public company boards are women. Among high-growth private companies, only 16 percent of directors are women and just 4 percent are women of color.
“Board diversity is completely solvable,” said Mangan. “The solution is simple, though the work isn’t easy.”
When it comes to adding a director, boards tap people they already know. Women, and especially women of color, are underrepresented within those networks. Him For Her, diversifies boards by providing visibility to overlooked talent in full partnership with the business and investment community. The organization has built a network of 7000 women – more than a third of whom are women of color – and connects them with CEOs, directors and investors looking to build their boards.
To date, Him For Her has partnered with over 100 leading private equity and venture capital firms to extend networks and make board introductions to their portfolio companies. In March, Him For Her announced that as a direct result of the organization’s introductions, women had been appointed to 100 board seats. Forty percent of those appointments went to women of color.
“By diversifying the networks of those in the boardroom, and with the support of the Clinton Global Initiative, we will solve board diversity once and for all,” said Mangan.
About Him For Her
Him For Her is a social impact venture aimed at accelerating diversity on corporate boards. To bridge the network gap responsible for the sparsity of women in the boardroom, Him For Her engages business luminaries and partners with 100+ leading private equity and venture capital firms to connect the world’s most talented “Hers” to board service. Drawing from its ever-growing referral-only talent network of 7000+ women, a third of whom are women of color, Him For Her introduces board-building companies to board-qualified candidates. More than one hundred board appointments have resulted directly from Him For Her introductions to date. Together with guest hosts like Scott Cook, Carmine Di Sibio, Robin Washington, and Eric Yuan, Him For Her also convenes roundtable discussions that extend networks for CEOs and current and aspiring board members. A 501c3 corporation, Him For Her operates through the generosity of its founding partners GV, IVP, L Catterton, Mayfield, Silver Lake Partners, Softbank, Starboard Value and Tiger Global Impact Ventures, and supporters like Brad Feld & Amy Batchelor, Reid Hoffman, Jeff Weiner, Nasdaq and many others.
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About the Clinton Global Initiative
Founded by President Bill Clinton in 2005, the Clinton Global Initiative is a community of doers representing a broad cross section of society and dedicated to the idea that we can accomplish more together than we can apart. Through CGI’s unique model, more than 9,000 organizations have launched more than 3,900 Commitments to Action — new, specific, and measurable projects and programs.
Liz O’Donnell, for Him For Her