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Zappeion,
Site of the 2012 Summit
Welcoming Dinner
For
video which debunks modern "Greek Myths", click here
Percentage of Women Directors of Fortune
Global 200 Companies
Top Ten Companies with Highest Percentage of Women Directors
in Fortune Global 200
1 - Proctor &
Gamble (USA) - 45.6%
2 - Wellpoint (USA) - 41.7%
3 - Statoil Hydro (Norway) - 40%
4 - General Motors (USA) - 36.4%
4 - Target (USA) - 36.4%
5 - Wells Fargo (USA) - 35.7%
5 - HP (USA) - 35.7%
6 - Deutsche Bank (Germany) - 35%
7 - France Telecom (France) - 33.3%
7 - PepsiCo (USA) - 33.3%
7 - McKesson (USA) - 33.3%
8 - BNP Paribas (France) - 31.3%
8 - Societe Generale (France) - 31.3%
9 - Dow Chemical (USA) - 30.8%
10 -Deutsche Post (Germany)- 30%
10 -Intel (USA) - 30%
Virginia Rometty
Incoming CEO of IBM
Gracia
Martore
CEO, Gannett Corp.
Susanne
Ruoff
CEO, Swiss Post
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I.
2012 GLOBAL SUMMIT OF WOMEN
Gateway to the Balkan economies, Athens,
Greece serves as the
venue for the foremost international economic forum for women leaders in
business, government and civil society on May 31-June 2nd at the
Intercontinental Hotel. Under
the theme of Women:
The Engine of Economic Growth, the 22-year-old Summit’s
focus next year echoes the latest World Bank report finding that gender
equity equals sustainable development.
As Caroline Anstey, World Bank Managing Director, so aptly stated at
a Nov. 18th Corporate Women Directors International Forum: “Women are the next emerging market.”
Some of the 2012 Summit speakers
include McKinsey’s
Europe Leader Michael Halbye,
who will open Summit
proceedings with his analyses of economic and business trends not only in
the European region but globally. Deloitte’s
Chair of the Global Center for Corporate Governance Carol Lambert (France)
will participate in a plenary forum on “Ethics and Transparency
Post-Crisis”. Booz Inc. CEO Shumeet Banerji will
be joined by other former and current CEOs in sharing best practices in
“Engaging Men in Diversity and Inclusion”.
A special session on "Doing
Business with South Eastern Europe" is also planned prior to the Summit's
opening. The Entrepreneurial Luncheon Forum will feature women
business owners who have developed enterprises in high growth areas, while
the Youth Forum will focus on young entrepreneurs who have entered new
business arenas.
The Greek Host Committee and Business Advisory
Council will welcome Summit
delegates at the historic Zappeion, site of the first in-door Olympic
Games. A post-Summit excursion to Crete is also
planned, details for which will be made available in the coming weeks. For
a video that breaks ‘Greek Myths’, click to the link on the left. For the registration form, early bird
rates, hotel information, go to www.globewomen.org, click to the Global Summit
of Women.
_________________________________________________________________
II. WOMEN DIRECTORS IN THE FORTUNE GLOBAL 200
Countries with quotas and
other initiatives to increase the number of women on corporate boards are
moving ahead in changing the face of corporate leadership, especially in Europe. A new report by Corporate Women Directors International on
women on the boards of the 200 largest companies in the world ranks France
first for the fastest rate of increase, as it moved from 7.2% board
directorships held by women in 2004 to 20.1% in 2011, due
largely to a quota passed only last year. Coming in second is Spain,
whose quota law passed in 2007 helped to increase its representation of
women on corporate boards from 1.9% in 2004 to 9.2% currently. This rate of increase would not have been
possible in years past when 1% yearly increase is the norm. Quota laws for
women directors that were triggered by Norway’s in 2003 have now been
passed not only in France and Spain, but also in Iceland, the Netherlands, Belgium,
Italy and most recently adopted in Malaysia in the form of an executive
order from the Prime Minister.
While quotas are beginning to
crack the boardroom glass ceiling, the average percentage of board seats held by women in
the Fortune Global 200 companies is a dismal 13.8%. U.S. companies in the Fortune listing still post the
highest percentage of women directors at 20.8%, but will soon be outpaced
by French companies, given the rate at which they’re adding women
directors. This year’s Top Ten list
of best performing companies in terms of female board appointments has U.S.
retail giant Procter & Gamble in first place with 45.6% of its board
made up of women, followed by a healthcare company, Wellpoint, which ranked
second with 41.7% female directors, and Norway’s Statoil coming in third
with 40% of board seats held by women.
The 2011 CWDI Report was
released at a World Bank forum with directors from Top Ten companies – Jane
Shaw, Chair of Intel’s Board; Ana
Maria Llopis, Chair of Dia S.A. Board in Spain and board director of
France’s Societe Generale, Sol Trujillo, board director of Target and
former CEO of US West, Orange SA and Telstra; and Elaine Chao, board director of Wells
Fargo and former U.S. Secretary of Labor.
This year’s report is the 18th conducted by CWDI in its
15-year history. “We have been counting women on boards for some time now
to establish benchmarks globally, and I am excited for the first time to
see the needle beginning to move for women directors primarily in Europe,”
states CWDI Chair Irene Natividad.
(For Key Findings and order form for the 2011 CWDI Report on the Fortune Global 200, go to www.globewomen.org click to CWDI.)
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III. NEW WOMEN LEADERS IN BUSINESS AND GOVERNMENT
Two new women CEOs have recently
been added to a very smallclub ofU.S.female corporate leaders in theFortune500. Membership in this elite
group now numbers14, or 2.8% of all CEOs in thisFortunelisting of the largestU.S.companies.
·Virginia
Romettyis the new CEO of
the 100-year-old IBMCorporation. A systems engineer when shejoined the
company in 1981, the 54-year-old executive rose through the ranks tobecome
Chief of IBM’s Global Sales. Credited with the successful acquisition of
PriceWaterhouseCoopersConsulting, Rometty will run the 18thlargest
company in theU.S., where she has worked for threedecades.
Rometty joins Meg Whitman, newly appointed
CEO of Hewlett Packardand Ursula Burns, CEO of Xerox as leaders of three of
the largest technologycompanies in the U.S. Fewwomen are in charge in the technology
industry, so the appointment of thesethree women is seen as a hopeful sign
that more will follow in theirfootsteps
·Gracia
Martoreassumes the post
of CEO of GannettCorporation, whose assets include 82 daily newspapers, the
biggest beingUSA Today,and 23 TV stations. Like Rometty,Martore is a
veteran of the company she is poised to lead, which she joined in1985. She
comes to her new positionafter being second in command since 2005, so she
is familiar with itsdemands.
The Chairman of Gannett’s board is MarjorieMagner,
partner in a private equity firm. This gives Gannett the distinction of
having women serving as CEO andBoard Chair, probably the only multibillion
dollar company with this line-up atthe top.
Outside of theU.S.,Switzerlandhas a new womanCEO of
Swiss Post,Susanne Ruoff. An economistby background, Ms. Ruoff spent 20 years
at IBM Switzerland and has a strongtechnology background which made her
attractive to Swisspost as it seeks to moveinto digital areas of business
to complement the physical. For the past two years, she has served
asCountry Manager for British TelecomSwitzerland. To see CWDI’s 2011
Report’s Key Findings onWomen CEOs – OpeningDoors to Board Rooms
and C-Suites,go towww.globewomen.org,
click to CWDI.
_________________________________________________________________
To
Register for the 2012 Global Summit of Women,
Click
Here.
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CONTACT US
Global Summit of Women
1100
G St. NW, Ste. 700
Washington, DC 20005 USA
tel: 202-835-3713 / fax: 202-466-6195
email:
summit@globewomen.com
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