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EDSR INFORMATION #2 10-13-2003
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EDSR INFORMATION #2 10-13-2003
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' Women increase presence on state, national boards - 2003-09-22 - The Business Journal (... Page 2 of 3 <br /> Linda Hall Whitman, CEO of QuickMedx in Minneapolis. "But every time I come back from a board meeting, <br /> I come back with new ideas for my business. It's a wonderful opportunity to continue to grow in my business <br /> • knowledge." <br /> Whitman is the 35th hardest-working director, according to Business Journal research. For the past eight years <br /> she has served on the board of MTS Systems Corp. in Eden Prairie. She also is a director at Health Fitness <br /> Corp. and August Technology Corp., both in Bloomington; she is the only female director at both companies. <br /> Despite having to commute to her Minnesota board meetings from Denver, Barbara Grogan, chair and <br /> president of Western Industrial Contractors Inc., said her board involvement is well worth the time. <br /> "It's been an extraordinary opportunity to be involved with these companies during a time when all companies <br /> have had to cope with significant challenges," said Grogan, who ranked ninth on the 50 Hardestworking Board <br /> Members list. <br /> Grogan sits on the boards of Apogee Enterprises Inc. in Bloomington, Deluxe Corp. in Shoreview and Pentair <br /> Inc. in Roseville. <br /> She became involved with Twin Cities companies through her position as chair of the Federal Reserve Bank in <br /> Denver. The chair of the Minneapolis branch sat on the board of Deluxe and when a director position opened, <br /> he recommended Grogan for the position. <br /> Making a difference <br /> The hardworking women directors said in addition to what they have gained by serving on corporate boards, <br /> they, like Goldberg, felt they were advancing the cause of women who want a larger role in corporate America. <br /> • "I always felt that because I was a woman and there were very few of us, I had better do a good job," Goldberg <br /> said. "If not, they are likely to conclude that all women make bad directors. Therefore, I will spoil the <br /> opportunity for future women. I don't think that's a burden men carry around." <br /> *, Marti Morfitt, CEO of CNS Inc. in Eden Prairie, agreed: "If you talk to those of us who are old enough,you'll <br /> find that many or us were the first women to 'fill-in-the-blank.' In those cases, you do feel a certain amount of <br /> opportunity and responsibility to clear the path for others." <br /> Morfitt raed 42nd out of the 50 Hardest-working Board Members. She's served on the board of Minneapolis. <br /> based Graco Inc. for the past eight years. She also serves on CNS'board and is a director at rip yately held <br /> SoftPac Industries Inc. in Elk River. She is the only woman serving on both the boards of Gracoand S. <br /> Janet Dolan, CEO of Tennant Co. in Golden Valley, rounds out the female members of the top 50 directors list <br /> at No. 16. In addition to serving on the board of her own company, Dolan has served on the board of <br /> Bloomington-based Donaldson Co. Inc. for seven years and The St.Paul Cos. Inc. in St. Paul for two years. <br /> Chipping away at the glass ceiling <br /> The reasons for the steady increase in the number of female board members are many. <br /> First and foremost, boards are limiting the number of boards their own CEOs can serve on. Some CEOs are not <br /> allowed to sit on any boards but their own. This creates a need for a new pool of eligible candidates. <br /> "Logically, that opens the door to more women and to people of color," said Whitman of QuickMedx. <br /> This makes all the more sense when one considers the strides women have made among leadership positions in <br /> http://twincities.bizjournals.com/twincities/stories/2003/09/22/focus6.html?t=printable 9/22/2003 <br />
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