is relationship manager for Northern Trust Global Services SE. Alongside her work, she is member of the board of FLNS (Fédération Luxembourgeoise de la Natation et du Sauvetage) since 2024, general secretary of the Swimming Club le Dauphin Ettelbruck since 2021, and secretary of the Elterenvereenegung Waldbëlleg since 2017. 

Paperjam: What are the main challenges you’ve faced as a female board member?

Jessica Schumacher: In general, I’ve been welcomed and have not faced too many obstacles. However, there have been instances where my competencies and expertise were questioned, or my input was downplayed with comments such as “this is typical female,” “only a woman can think this way,” “don’t bring emotions into the game,” or “this is too much female stuff.” These experiences highlight the persistent gender biases that exist in some professional environments.

How do you handle resistance or scepticism directed at you?

First, I listen and observe. Then, I start to bring in my ideas. I am an optimist and I have a very positive mindset. Sometimes it might take time to be accepted and/or listened to, but I am persistent and confident that in the long run, my added value will be recognised. Having exchanges with colleagues, friends or a mentor can also help me put a situation into perspective and gain new energy or ideas to move beyond the bias.

Do you believe gender equality is improving within boards of directors?

Yes, I do believe gender equality is improving within boards of directors. I see that it is a slow but constant change, and it is for the benefit of all. By the way, this goes in both directions. The board of our parent association has been all-female for many years, and now we have 1/3 of the directors who are male. This diversity has helped us to move forward and to have access to new ideas and points of view.

What is your opinion on quotas for women on boards?

Quotas for women on boards can be a necessary step to ensure gender diversity and inclusion. They can help break down barriers and create opportunities for women who might otherwise be overlooked. However, it is important that these quotas are implemented thoughtfully to ensure that the women appointed are genuinely qualified and capable, and not a token symbol. A good example is the Hong Kong Stock Exchange, which banned single-gender boards in 2022, allowing a grace period until 2024. The outcome has been positive, with the number of single-gender boards dropping from over 800 to less than 400. This policy has also created new opportunities for female directors, demonstrating the effectiveness of such measures in promoting gender diversity and inclusion.

As a female board member, do you feel a particular responsibility to advocate for gender parity and inclusion?

Yes, I do feel a particular responsibility to advocate for gender parity and inclusion. I want to lead by example, help lift others, and support them in their growth. Breaking biases and old-fashioned ideas and showing what diversity can bring us is essential. I have two sons, and for me, it is my duty to raise mindful young men who are inclusive and supportive of others.

In your view, how does diversity impact a board’s performance?

Diversity gives you a greater pool of ideas and different perspectives to look at a problem or situation. A combination of various feedback is the most successful way forward, usually bringing greater efficiency and results.

What solutions or policies could foster better gender parity?

Quotas can be one mechanism to improve gender parity. Another effective approach is to ensure that succession planning within a company develops a gender-equal pool of successors, giving equal opportunities to both men and women. It is also crucial to analyse when and why women “drop” out of the race and implement countermeasures to address these issues. By doing so, organisations can create a more inclusive and supportive environment that fosters gender parity.

What advice would you give to a young woman who wants to make her mark in society?

Be yourself and stay authentic. Don’t try to fit into a mould. Make sure you have a good network, some kind of sisterhood that guides and lifts you during your journey. Additionally, be prepared to face challenges and biases, but don’t let them deter you. Stay focussed on your goals and continue to push forward.