Some women are hampered by a lack of savvy when it comes to negotiating key job terms, from pay to responsibilities, says Joan Kelly, a senior consultant in the women's leadership practice for management consultant William M. Mercer. Many men not only understand this but insist that their board responsibilities be considered part of their regular jobs. Fewer women seem to be in on this rite, Kelly says. Others see hope in a generation of businesses born long after Sandler's Wall Street foray. But she isn't just talking about her own title.
Golden West is one of the few major companies with a board that has more women on it than men.
One the vast majority of Corporate America has yet to heed. The McGraw-Hill Companies Inc. All rights reserved.