Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Friday, February 8, 2008

Professor Hillary Sale of University of Iowa Law School is to be commended for her efforts to increase the number of women who serve as directors on public corporations.  Here is an excerpt from Iowa's press release about DirectWomen:

Among the thousands of board members serving America's public corporations, only about 14 percent are women.

Hillary Sale is working to change that.

Sale is a UI law professor and a member of the organization DirectWomen -- started last year by the American Bar Association and Catalyst, a group assisting women in business -- that aims to recruit, train and place more women lawyers on the boards of America's publicly traded companies.

DirectWomen hosts an institute each year as its primary training seminar. Sale is chairing this year's after participating last year as a faculty member. The institute will be held Feb. 20-22 in New York.

There, 20 women lawyers will gather to hear from speakers to learn about how corporate boards operate and what they can expect while serving on boards. The topics they will cover include the roles and responsibilities of the director and the board, leadership and strategy, the use of financial statements in strategic planning, assessment of company performance, today's legal and regulatory environments, directors' and officers' liability and other current issues.

Among the women who have participated in the first two institutes are corporate general counsels, law firm partners, congresswomen and a college president. Sale said that one alumna of the program has already been appointed to the board of a financial services corporation.

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