I’m sure you know some things about Travelzoo, the global travel deals publisher. But did you know it’s the only U.S. listed company to have 80% of its board of director seats held by women? This is the highest female-to-male ratio of any NASDAQ or NYSE-listed company. Fancy, isn’t it? That’s nice but it also unveils the issue of lack of gender diversity within listed companies and beyond.
Underscoring the cultural diversity of the company’s board, female Travelzoo board members hail from New York, San Francisco, London and Shanghai. The two new Travelzoo board members recently elected, which brought the ratio to 80%, include Rachel Barnett, based in New York, and Carrie Liu, based in Shanghai. Other existing female board members include Mary Reilly, based in London, who has been a member of Travelzoo’s board of directors since September 2013. Beatrice Tarka is based in San Francisco and has been a member of Travelzoo’s board of directors since August 2015.
Another interesting fact from the Old World, several European countries, including Belgium, Iceland, Italy, the Netherlands and Spain, are trying to drive change through mandatory female quotas for boards. For example, Norway instituted a 40% quota for female representation on boards for the largest publicly traded companies.
In the UK, only 27% of FTSE 100 directors are women. And back in the US, the 3,000 largest listed U.S. companies have zero female representation on their boards. That’s not nice.