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Melissa Harris

We won't have more women in boardrooms until ...

We won't have more women in boardrooms until ...

America won't have more women in its boardrooms until companies lower the mandatory retirement age of their directors. "If you look at U.S. corporate boards, they are getting older, they are long-tenured and they are retired," said Julie Daum, head of the North American board practice for Chicago-based executive search firm Spencer Stuart, during remarks Monday at the Women's Foodservice Forum executive summit. "We don't do term limits." Among the S&P 500, 3 percent of companies have limits; one of those is a 30-year term. "That's not a term limit," Daum quipped. It's ironic given that business groups often call for politicians...

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