iStock_000009245275XSmallBy Melissa J. Anderson (New York City)

Recently it was revealed that the European Union’s justice commissioner Viviane Reding was likely to move forward with a proposal to implement boardroom gender quotas. The Financial Times reported that companies throughout the EU’s 27 member states will have to meet a 40 percent target for women board directors.

The FT’s James Fontanella-Khan writes:

“According to the draft, companies larger than 250 employees or with more than €50m in revenues would be required to report annually on the gender make-up of their boards. Those that miss the mandatory quota would be subject to administrative fines or be barred from state aid and contracts.”

Furthermore, a report by the New York Times continued, while publicly traded companies will have until 2020 to meet the target, state-owned companies will have to do so by 2018.

The news comes off the back of two recent studies that showed how personal networks make a huge difference when it comes to board appointments – “who you know” significantly influences which boards you’ll be appointed to, and how much you’ll get paid.

And because most boardrooms in the UK and around the world are dominated by men, women have less of an opportunity to break through – simply because of whose personal networks they belong to and in what context they are there. The research shows that networks matter – and that’s why gender quotas may help close the gap.

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Discussion between two female executivesBy Melissa J. Anderson (New York City)

In a Forbes piece last month, Stacey Gordon, Managing Principal of The Gordon Group and former President of the National Association of Women MBAs asked why women need women-only networks.

After all, if the majority of powerful people at this point are men, wouldn’t it be wise to network with them? Of course. But there’s good cause to build relationships in a women-focused environment as well. Gordon’s answer is simple and powerful.

Women’s networks are the one place where women don’t face questions about whether they belong, based solely from their gender. She writes, “When we’re not being judged by our actions, our speech, our tone of voice or our discussion of families and babies in business setting, we are able to put those perceived (and in many cases, actual) condemnations aside and get down to business.”

When gender differences are removed from the equation, questions of legitimacy are based solely on your credentials.

“We are judged all the time and we’d like to occasionally be in a place where we are judged less. Or at least judged on criteria that pertains to our jobs rather than to our gender,” she adds.

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Business people raising their hands with focus on mature ]womanBy Melissa J. Anderson (New York City)

Professional women are “lukewarm” about the effectiveness of women’s networks, according to a new study out of the Simmons School of Management. Polling over 250 attendees to last year’s Simmons Leadership Conference, researchers found that many women are unsure about the usefulness or direction of women’s networks.

In fact, 79 percent of respondents ranked their women’s networks at “somewhat effective” or “not effective.” And 84 percent described women’s networks as “somewhat effective” or “not effective” at promoting women.

But, the research shows, a there are a few factors that increase the effectiveness of women’s networks. For example, the study says, “there was a very strong correlation between those respondents who were actively involved in their network and those who felt that their network was effective.”

The good news is that they also uncovered a few critical factors that may contribute to their success.

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two businesswomen and a businessman during a meetingBy Melissa J. Anderson (New York City)

“We recognize that there are millions of L-women across Europe and globally as well, with many of them active in the labor market. From that perspective we should have a huge influence on the workplace, yet generally we have not been in a position to do that,” began Claudia Woody, Vice President & Managing Director at IBM.

Woody is part of L-Women at Work, a new group to help lesbian, bisexual and transgender women across Europe connect professionally.

The new group’s first event will take place in November, with IBM as its presenting sponsor. Woody explained, “From an  IBM standpoint, for years we have been supporting various Lesbian groups in Europe, but we have been looking for a pan-European group, to share best practices, create business networks, and articulate the business proposition around lesbians in business.”

Woody explained that many lesbian professionals see a “double glazed glass ceiling” but, she said, that needn’t be the case. “A lot of us can hide, and do – and a lot of us are reluctant to put our hands up and say ‘discriminate against me again,’” she explained.

“We have to give that power back to Lesbian women. It means having the energy to do your work, to be authentic, and not spend energy on hiding who you are. You can do this. You can succeed. Being Lesbian is not a barrier to success.”

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iStock_000016078580XSmallBy Melissa J. Anderson (New York City)

It’s sad, but true. Summer is nearly over. The heat has broken, vacation is over, and the kids are going back to school. You’ll probably be seeing more of your colleagues around the office, and as folks get back into the swing of things, you’re starting to feel more of the buzzing energy that goes along with the beginning of fall – the last push for business before everyone begins to disappear again for the holidays.

That means these next few months are crucial times to reconnect with folks in your field, new potential clients, and those contacts you made last spring. It’s time to make your own autumn resolution: make fall the season to follow up. Here are three ways to reconnect – and a little follow-up homework – for you to do this month.

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Business NetworkingBy Camille Reyes (New York City)

For many people, networking is on par with dental extractions when it comes to their list of favorite activities. For example, a friend of mine confided in me her horror about an upcoming corporate retreat for new hires, including an team-building adventure course and “trust falls.” Networking is often a painful experience, and the prospect of having to “fall” into the arms of a stranger – and then make small talk with him – only compounded her apprehension.

Perhaps this dread helps explain why so many people at networking events suddenly turn into pitch-men (and women), attempting to sell, sell, sell to anyone who will listen – and why an equal number suddenly sprint to the bar for a refreshment in response to a particularly unctuous pitch. But the uncertainty doesn’t stop there. At a panel event, for example, the question of whether or not to approach the speaker afterward gnaws at your brain. Common wisdom says to do these things often, yet so few people know how to do them well.

But then, of course, there are those confident types who seem to work a room effortlessly. Gold dust falls from their eyelashes as they confidently shake hands with strangers without even a hint of sweat in the pits of their perfectly starched shirts. She will come home with C-level business cards and action plans. She will get buckets of referrals. What is the secret to such networking prowess?

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iStock_000017021125XSmallBy Melissa J. Anderson (New York City)

What’s the next emerging industry? Women, according to the panelists at last week’s New York Women of ALPFA Summit held at Goldman Sachs.

In a discussion that spanned small businesses, emerging economies, sustainability, alternative investments, and more, the panelists explained how women are the key to unlocking greater economic growth.

Moderated by Theresa Torres, Director for Diversity and Employee Experience for Verizon Communications, the panel included Elizabeth I. Diep, CPA, Senior Manager at PwC; Erika Karp, MD and Head of Global Sector Research at UBS Investment Bank; Heather M. Kellett, Global Director of Operations at KPMG; Silvina Nunez, Senior Business Manager at JPMorgan Chase; and Maria Otero, Esq., Founder and President of the Women’s Venture Fund.

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iStock_000016828841XSmallBy Cleo Thompson (London), founder of The Gender Blog

As part of this year’s celebrations of Gay Pride, The Glass Hammer decided to take a look at Sexuality in the City (of London) and ask – how are London’s big companies and financial institutions approaching the LGBT agenda and what do best practices look like in 2011? Are networks making a difference, is it any easier to be out at work than it once was and what does “success” look like if you’re building an integrated and inclusive workplace?

We started by examining the Stonewall Workplace Equality Index – Britain’s leading tool for employers to measure their efforts to tackle discrimination and create inclusive workplaces for lesbian, gay and bisexual employees. Since launching in 2005, more than 650 major employers have taken part in the Index, using Stonewall’s Index criteria as a model for good practice. Each year, Stonewall publishes a list of the Top 100 Employers – the list of those they dub “the most gay friendly employers in Britain.” 2011’s top three such employers are the Home Office, Lloyds Banking Group, and Big 4 accounting firm Ernst & Young and, when we asked around, it became clear that having a place in the Stonewall Index was regarded as essential best practice amongst the LGBT community, with one typical comment being:

“… I would … research the company’s stance and reputation on “gay equality”. I have previously checked whether a company has ever featured in Stonewall’s Equality Index and also spoken to friends who have knowledge about the company.”

After several interviews, we determined a number of best practices that the City’s top companies are engaging in to attract and retain LGBT talent. Here are just a few of the methods these firms are employing to create more inclusive workplaces.

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iStock_000014169834XSmallBy Melissa J. Anderson (New York City)

On The Glass Hammer, we discuss the importance of networking almost on a daily basis. While your company may provide networking events or you may belong to a professional organization that offers networking opportunities, when it comes to networking, it can be difficult to find the group that meets your needs or aligns with your personal interests.

The United Women in Business Foundation is a non-profit designed to encourage networking between women of different generations. The organization was originally founded by a group of George Washington University alumnae in December of 2009. The women, who had been part of a networking group as undergraduates, wanted to continue developing their careers, but couldn’t find quite what they were looking for. So they decided to found their own.

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iStock_000012630343XSmallBy Tina Vasquez (Los Angeles)

Currently many young women on Wall Street don’t have senior women to reach out to and if they do, these women are too busy to be a mentor. Another theory, as uncomfortable as it may seem, is that senior women don’t feel it’s their job to help younger women coming up the ranks. After all, they defied the odds with little help, so why can’t younger women?

Many believe that women’s networks are the cure all for these problems, but cross-generational networking presents an all new set of problems.

Elisabeth Kelan, a lecturer in Work and Organizations in the Department of Management at King’s College London recently conducted a study that revealed how difficult it is to get young women involved in a company’s long-standing women’s network. “Younger women find it difficult to connect to women’s networks in the workplace, because they view these networks as something that belonged to their mother’s generation,” Kelan said. The irony is that when new women’s networks are started at companies, they’re often run by younger women, who experience difficulties getting senior women to become active in the group.

So, how can cross-generational networking be improved and what is the business value in networking between Baby Boomer, Generation X, and Millennial women?

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