Good questions have been asked lately of tech companies without gender diversity on their boards of directors. While women comprise 51% of the population, they make up only 15.7% of Fortune 500 boards of directors, less than 10% of California tech company boards, and 9.1% of Silicon Valley boards.
Why add a 30-something female to a male board with an average age of 58? Mike Maroone,
AutoNation’s President and COO explained, “We looked at our board [and
realized] it’s male dominated, while women make over 50% of the
purchasing decisions in our business. And, the travel, music and news
industries have been transformed by digital. We’re trying to transform
the auto business and connect with the thinking of the digital
generation, and we need this level of insight at the board level.”
Read the Tech Crunch article here