So Few Women On Corporate Boards: "It's Pathetic" Says Britain's Cherie Blair

The wife of former British Prime Minister Tony Blair dishes with iVillage's Kelly Wallace about how to get more women on corporate boards and why some companies, including the social networking giant Facebook, still have zero women in the boardroom.

Explain this little factoid to us.  Women make up 50% of the world's population and yet we only account for a little more than 10% of the seats on corporate boards.  That's pathetic, we say, and Cherie Blair, the wife of former British Prime Minister Tony Blair, someone who's been called the Hillary Clinton of Britian, agrees.

Watch what Blair, the founder of an amazing foundation, the Cherie Blair Foundation for Women, which focuses on empowering women in the developing world, told us here:

 

Did you know that almost a third of companies in the U.S. and nearly half the companies in England have zero women on their corporate boards?  Zero!  How could that be in this day and age?  We are not advocating all-female corporate boards although those companies might be pretty darn successful!  We're just saying that diversity has been proven to work for a company's bottom line and therefore, women should hold at least one of the seats in any boardoom.

All of this has us wondering if Facebook would not be in the IPO mess it is currently in if there was at least one woman on the company's corporate board. Sure, Sheryl Sandberg is the company's chief operating officer and one of the top women in the tech field, but there's no Sheryl Sandberg equivalent on the corporate board for the social networking giant -- no woman on the board of Facebook.

To repeat how we started, that's pathetic!

Kelly Wallace, a former White House Correspondent, is Chief Correspondent of iVillage.  Follow Kelly on Twitter here (@kellywallacetv).

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