I would agree that work-life balance is one of the biggest challenges. Young women today are less willing to sacrifice family for career, so it's going to be more important that senior leadership positions be structured so that senior leaders at the very top of business firms can be present for their families.
I've talked to senior women who have said, in thinking about it, that they could job share. These are EVPs, executive vice-presidents.
What this committee could do is identify some best practice models. I know there are companies that have part-time management positions so that ambitious professionals can, for several years, be very present for their families but still move up in the career based on the quality of their work rather than the quantity of face time in the workplace. This kind of breaking down the rigid career structure is going to be critically important.
I think what this committee could do is hold forth a few best practice models, and encourage business to go in this direction.