Martine Reicherts is the president of the Luxembourg National Research Fund, the president of Mediahuis Luxembourg and a board member of the the Luxembourg Central Bank. She was previously director general for education, culture and sport at the European Commission. From July to October 2014, she was Luxembourg’s European commissioner, replacing Viviane Reding until the new commission chaired by Jean-Claude Juncker took office. During Jacques Santer’s presidency of the European Commission, she was deputy director of his cabinet (1995-1998) before taking on the role of spokesperson for the Brussels executive from 1998 to 1999. She is a solicitor by profession.
Paperjam: What are the main challenges you have faced as an independent female director?
Martine Reicherts: A great deal of investment is required at the start of your role to familiarise yourself with the sector. Each board operates with its own dynamic linked to the area of activity and the personalities of the people who make up the board.
How do you deal with resistance or scepticism directed at you?
Initial resistance is inevitable--you have to take it on board and try to prove yourself.
Do you think gender equality is progressing on boards?
In the public sector certainly, the law provides for thresholds. In the private sector it’s more difficult.
What do you think about quotas for women on boards?
Today, I’m in favour of quotas, but my position has evolved over time. The best-paid jobs are mainly held by men. Quotas create a better balance. There are as many competent women as men.
As a female director, do you feel a particular responsibility to champion issues of parity and inclusion?
This issue has always been important to me throughout my career.
In your opinion, how does diversity influence the performance of a board of directors?
Diversity brings different ways of doing things and different ways of thinking, which helps open up debate and find innovative solutions when necessary.
What solutions or policies do you think could encourage better parity?
A clear definition of conflicts of interest, limiting the number of mandates and publicising vacant mandates.
What advice would you give to a woman who is hesitant about taking the plunge?
Trust yourself!
Any moments in your career that illustrate the reality of being a woman in this role?
My provocative side means that often, in the talks I give, I introduce myself as a ‘quota woman’ and add that I’m proud of it. This is obviously not a sufficient condition for success!
What specific advice would you give to a young woman who wants to take her place in society?
Think big! That’s the advice. And don’t turn into a man!
This article in French.