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Liftstream report finds ten men for every woman present in biotech boardroomsLONDON --(Business Wire)-- Liftstream Ltd, a company providing executive recruitment services to the biotechnology sector, announces the publication of its new gender diversity report, "Diversifying the Outlook - The X&Y of Biotechnology Leadership", a detailed analysis of women leaders in European and US life biotech companies. The research covers 700 companies, 60 C-level interviews and 530 survey respondents. The report details how the biotechnology sector is considerably under represented by female executives and Board directors. Female board directors in US & EU Biotech (SMEs) account for only 9.7% and 11.2% of positions respectively, and only 4% of company chairpersons are female. Analysis of large-cap biotech indicated better numbers of female Board members (19.2%) but in terms of female executive leaders (13.9%) it lagged SMEs. Unstructured hiring processes and over-reliance on personal networks among, predominantly male, influencers are identified as underlying causes limiting the opportunities for women in biotech leadership. The research also examines how the sector's reliance on venture capital financing impacts executive and board appointments, as well as the gender diversity among the VC stakeholder group. The report includes diversity case studies from industry leaders Merck Serono, Cubist, Johnson & Johnson and Biogen Idec. Key recommendations include:
Liftstream will be working with their global network of biotechnology and life science executives to develop further initiatives aimed at improving awareness and representation of women leaders in the biotech sector, as well as working with established organisations leading in this area. To download the full free report visit: http://www.liftstream.com/diversity-report.html -Ends- About Liftstream www.liftstream.com Liftstream Ltd is a leader in executive recruitment services for the biotechnology sector; offering our clients a full capability to recruit board and executive leadership, as well as specialised expertise across the functions comprising R&D, Commercial and Operations. Founded in 2003, Liftstream has extensive sector knowledge which we use to advise and support our clients' hiring requirements and to deliver the highest quality people through a structured and rigorous search process. Liftstream provides services to its clients from London offices. We are supporters of equal opportunities and diversity.
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