At Jewish Women International, we believe that financial literacy and women’s economic empowerment are strongly interconnected.
Despite the fact that women make 85 percent of the purchasing decisions when it comes to products and services offered by Fortune 500 companies, women only comprise 15 percent of the Fortune 500 corporate boards. This article argues that women must continue to leverage their power as consumers and shareholders to have a greater stake at the corporate table. Responsive financial decision making can only occur if women are both involved in the process and their needs fully represented.
In today’s Women’s eNews:
Women with Assets Demand Inclusive Company Boards
(WOMENSENEWS)–Women may be only 15 percent of corporate boards on Fortune 500 companies, despite what we’ve known for a long time: Women make 85 percent of the purchasing decisions about the products and services offered by those companies.
Journalist Amaya Gorostiaga, in an article in Business for Social Responsibility, writes that women control $20 trillion globally in annual consumer spending, a number that could hit $28 trillion in five years.
Facts like that rumbled into the annual meeting of the Women’s Funding Network earlier this year and electrified the global alliance of 166 non-profits that invest in women and girls.