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Ncbd ppt final
This document summarizes a national conversation on board diversity held in Chicago on 11/19/15. It discusses research showing having women on corporate boards is good for business and financial performance. The goal of the 2020 Women on Boards campaign is for all companies to have a minimum of 20% women directors by 2020. Tables show the percentage of women on boards from 2011-2015 for Fortune 100, 500, and 1000 companies, as well as for Illinois companies. Legislative initiatives in California, Philadelphia, Illinois, and Massachusetts regarding gender diversity on boards are also mentioned.
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Ncbd ppt final
- 1. 1 National Conversation on BoardDiversity CHICAGO, IL
- 2. 2 11/19/15 In TheU.S. #2020WOB
- 3. 3 SPECIAL THANKS TOHILL HOLLIDAY
- 4. 4 The Rationale #2020WOB •Women make up 52% of the workforce, but are not equally represented in the boardrooms of U.S. companies. • Gender diversity positively impacts businesses in these ways: – Social consciousness – Measured risk – Longer term perspective – Improved decision making – Connection to customer base
- 5. 5 Research consistently showshaving women on boards is good business: • Significant opportunity cost associated with male-only boards: U.S. $655 billion for 1,050 companies across India, the UK and U.S. (Grant Thornton, 2015) • Companies with greater gender diversity on boards of directors and in management exhibit higher returns on equity, higher valuations and superior stock price performance. 3,000 companies studied worldwide. (Credit Suisse, 2014, 2012) • Having greater gender diversity in top management results in higher corporate output. (Thomson Reuters, 2013) • Strong correlation between greater gender diversity in top management and enhanced corporate performance. (McKinsey, 2013, 2010, 2007) • Companies with more women on boards (WOB) outperform those with the least: Return on Equity +53%; Return on Sales +42%; Return on Invested Capital +66%. (Catalyst, 2011) • Companies with higher proportion of WOB exhibit above-average operating margins and higher valuations. (McKinsey, 2011) The Rationale #2020WOB
- 6. 6 Campaign Goal #2020WOB •Make gender diversity in the boardroom a priority • All companies have boards with a minimum of 20% women directors by 2020 • Reach millions of people to create a tipping point for change
- 7. 7 The 2020 GenderDiversity Directory #2020WOB Companies measured by the percentage of women W Companies are Winners 20% or greater V Companies are Very Close 11-19% T Companies have a Token (1) woman Z Companies have Zero (0) women
- 8. 8 The 2020 GenderDiversity Index from 2011-2015 2020 Women on Boards, 2020 Gender Diversity Index November 2015
- 9. 9 Gender Diversity Index Percentageof Women on Boards 2015 - 2011 2020 Women on Boards, 2020 Gender Diversity Index November 2015 GDI COMPANIES % WOMEN ON BOARDS 2015 2014 2011 Fortune 1000 18.8% 17.7% 14.6% Fortune 100 22.9% 22.2% 19.6% Fortune 500 20.1% 19.0% 16.4% Fortune 501-1000 17.0% 15.9% 12.5%
- 10. 10 Current 2015 Fortune1000 Percentage of Women on Boards 2015 - 2014 2020 Women on Boards, 2020 Gender Diversity Index November 2015 2015 FORTUNE COMPANIES % WOMEN ON BOARDS 2015 2014 Fortune 1000 17.9% 16.9% Fortune 100 22.3% 21.4% Fortune 500 19.7% 18.6% Fortune 501-1000 15.9% 14.8%
- 11. 11 Percentage of Womenon Boards in Illinois 2020 Women on Boards, 2020 Gender Diversity Index November 2015 Illinois needs 32 – 36 women for all companies to reach 20% Fortune 1000 IL 2015 43 Companies 2014 43 Companies % Women on Boards 18.4% 17.0% Total # Women on Boards 87 80
- 12. 12 Legislative Initiatives #2020WOB Stateand local governments have proposed & passed resolutions on gender diversity on corporate boards. •California Resolution 62 (2013): Boards of 9 or more to have at least 3 women directors by 2016. •Philadelphia Bill 13045701 (2013): Contractors must disclose demographic information, including gender, of those on boards and executive staffs. •Illinois Resolution 0439 (2015): Passed in the House. Similar to California R-62. •Massachusetts Resolution S-1007 (2015): Shows a commitment to gender diversity in local business.
- 13. 13 The Action: Whatcan you do? #2020WOB • Support the campaign www.2020wob.com • Take the monthly 2020 Challenge • Learn about the board composition of companies you support • Talk about the issue with your friends and colleagues • Connect with us
- 14. 14 #GivingTuesday @2020WOB • 2020Women on Boards has joined #GivingTuesday, a global day of giving that harnesses the power of individuals, communities and organizations to encourage philanthropy and celebrate generosity. • Last year, more than 30,000 organizations in 68 countries came together to celebrate #GivingTuesday. Since its founding in 2012, #GivingTuesday has inspired giving around the world, resulting in activities that bring about real change in communities. • We invite you to join the movement and to help support 2020 Women On Boards this Tuesday, December 1st .
- 15. 15 Thank you toour 11/19/15 Chicago Sponsors #2020WOB Platinum Gold Silver
- 16. 16 2020 Corporate Partners#2020WOB Sponsors Premium Sponsors Founding Sponsors
- 17. 17 Promoting Gender Diversityand the Bottom Line
Editor's Notes
- #2 • 2020 Women on Boards is a national campaign to increase the percentage of women on US company boards to 20% or greater by 2020. • 2020 Women on Boards was founded in December 2010 by Stephanie Sonnabend and Malli Gero, in Boston, Massachusetts. • Today the campaign has more than 20,000 supporters on the web and social media who add their voices to the call to put more women on corporate boards.
- #3 •The National Conversation on Board Diversity is a national event! • Today we are holding 19 events in 17 cities across the US, with over 1600 people attending! • We’ll be tweeting all day from these events. Please join the conversation: #2020WOB
- #4 We are thrilled that we are able to share with you a video, funded and produced by Hill Holliday, a Boston based advertising agency. Special thank you to Hill Holiday for their generous support of the campaign.
- #5 • The rationale behind 2020 WOB is simple: Having women on corporate boards is good for business and for society overall. Boards should represent stakeholders including investors, employees and consumers, many of whom are women We all know that women think differently from men. They often ask important questions, are more socially conscious, are measured in their risk taking and have a longer term perspective. Diverse boards make better decisions.
- #6 * Research shows that companies that include women in the boardroom are more profitable. • The 2020 Gender Diversity Index for 2015 showed a remarkable finding: 55% of the Index companies that fell off the list (because they were acquired, merged or went out of business) were companies with just 1 or NO women directors. • Companies with women directors are not just more profitable, they are more sustainable.
- #7 • The 2020 Campaign goal is simple: A minimum of 20% board seats held by women by 2020 in all companies. . • Our Grass Roots approach encourages participation by all stakeholders to express their support for advancing women to positions of leadership. • We wish to reach a tipping point for change so that companies can not imagine having an all male board.
- #8 The cornerstone of the 2020 Campaign is the 2020 Gender Diversity Directory, a directory of close to 2,000 companies that are categorized by the gender diversity of their boards: W = Winners, at 20% or greater V = Very Close – but not at 20% T = Token or 1 woman Z = Zero – No women
- #9 The 2020 Gender Diversity Index is a subset of the Gender Diversity Directory. The Index tracks the progress being made by Fortune 1000 companies. Our baseline year was 2010. We are happy to share with you the 2015 results of the Gender Diversity Index. We’ve seen real growth: In 2015 there are more W companies than in any other category at 45%! The number of Zero Z companies continues to decline, to 9% this year.
- #10 • The Gender Diversity Index is based on the 2010 Fortune 1000 list. Every year a few companies drop off the list because they go out of business, merge or are acquired. This year’s Index is based on 842 companies. • In 2015 we gained over a percentage point to 18.8% of board seats held by women up from last year and 14.6% in 2011. * For the first time, the Fortune 500 has increased over 20% We’re especially happy to see the increase in the F501 – 1000, as smaller companies have been slower to put women on their boards than larger companies. • Download a copy of the complete Gender Diversity Index from www.2020wob.com. It is a quick read and looks at national, state and sector progress.
- #11 This year, we also looked at the 960 active companies in the 2015 Fortune 1000 list and saw similar year over year progress. There are 199 companies that have joined the Fortune 1000 list since 2010. Of these companies the percentage of women is only 13.5%, demonstrating once again that smaller and newer companies are less diverse than larger more established companies.
- #12 Note: Illinois has 43 Fortune 1000 companies in the 2020 Index. For all 43 companies to reach 20%, Illinois needs 32 more women if women replace men; 36 more women if seats are added.
- #13 In the absence of a national policy, state and local governments have moved to address boardroom inequality by proposing and passing resolutions about gender diversity. The California Legislative Women’s Caucus, the National Association of Women Business Owners/California and 2020 Women on Boards volunteers supported the legislation in CA. Massachusetts is the only other state to have a resolution passed in both legislative Houses. The momentum continues to grow; state initiatives are brewing in New York, North Carolina, Ohio, and Connecticut. There is even talk of a resolution being considered at the national level.
- #14 • What can you do? Join the 2020 Women on Boards campaign: www.2020wob.com • Add your voice to thousands who are helping to change the composition of US company boards. • Learn about the issue: How many women serve on the boards or in senior management in companies where you work, invest and do business? • Share this information with your friends and colleagues including men. • Join the conversation on the 2020 social media sites. Together, we can make it happen!
- #15 #GivingTuesday is an initiative to start the giving eason and we encourage everyone to be involved. To be an official partner you must be a registered non-profit {a 501(c)3 in the United States} with a specific #GivingTuesday initiative or a for-profit business, school, religious or community group who commit to spearhead a project that will benefit at least one charity or non-profit. This is the first year that 2020WOB is participating in #GivingTuesday.
- #16 Add your local sponsors here! If no event sponsors, please delete the page We wish to thank (again) the sponsors who recognize the value of board diversity and are willing to support this event.
- #17 We wish to thank the 2020 Women on Boards National Sponsors as well.