Ncbd ppt final
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Transcript of Ncbd ppt final
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National Conversation on Board Diversity
CHICAGO, IL
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11/19/15 In The U.S. #2020WOB
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SPECIAL THANKS TO HILL HOLLIDAY
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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
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Research consistently shows having 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
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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
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The 2020 Gender Diversity Directory #2020WOB
Companies measured by the percentage of women
W Companies are Winners 20% or greaterV Companies are Very Close 11-19%T Companies have a Token (1) womanZ Companies have Zero (0) women
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The 2020 Gender Diversity Index from 2011-2015
2020 Women on Boards, 2020 Gender Diversity Index November 2015
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Gender Diversity IndexPercentage of 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%
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Current 2015 Fortune 1000Percentage 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%
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Percentage of Women on 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 1000IL
201543 Companies
201443 Companies
% Women on Boards 18.4% 17.0%
Total # Women on Boards 87 80
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Legislative Initiatives #2020WOB
State and 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.
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The Action: What can 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
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#GivingTuesday @2020WOB
• 2020 Women 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.
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Thank you to our 11/19/15 Chicago Sponsors #2020WOB
Platinum Gold Silver
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2020 Corporate Partners #2020WOB
Sponsors
Premium Sponsors
Founding Sponsors
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Promoting Gender Diversity and the Bottom Line