By Ann M. Dugan;Sharon P. Krone;Kelly LeCouvie Ph.D.;Jennifer M. Pendergast Ph.D.;Denise Kenyon-Rouvinez Ph.D.;Amy M. Schuman
Through tales and interviews the authors discover the altering function girls play in latest relations enterprise, taking a look at easy methods to inspire and aid ladies kin, to the demanding situations ladies face to find the ideal stability among paintings and lifestyles, to the position spouses play in that paintings together.
Read or Download A Woman’s Place: The Crucial Roles of Women in Family Business PDF
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Additional resources for A Woman’s Place: The Crucial Roles of Women in Family Business
In keeping with family custom, all were company shareholders, and so were their spouses. By the 1970s, the women in the family, influenced by the women’s movement, began to thirst for more of a voice in the company and they pressed for having seats on the board. HOW WOMEN CONTRIBUTE 53 Elected in the mid-1970s, Waichler was the first woman in her generation to serve on the board. Just a few months later, she was given a major opportunity to make a difference. Her father wanted to retire from his position as president of Follett but to continue serving as chairman.
According to Waichler, adjustments had to be made because the women were “not intimately involved in the day-to-day operation of the company. And so the board couldn’t assume people knew stuff. ” she says. Back in the 1970s, the board members “were very open and welcoming” to the women, Waichler recalls, but they “had to take more time. They had to develop written materials. ” And then, to improve things further, Waichler eventually had to undo some of the very changes made in the 1970s. In 1996, she was elected vice chair of the board and charged with the responsibility of further professionalizing corporate governance.
In the past, the emergency leader was seen as a “bridge” or interim leader serving for a limited time until her husband returned from war or recovered from an illness, or until someone in the next generation could take over. As prejudices against women dropped, a woman who stepped in during an emergency could become the permanent leader rather than an interim leader. She stayed on until she decided to either move on or retire. Wanda Ferragamo served as her family business’s CEO for more than 20 years.