Some say the best way to help a woman rise up the corporate ranks is to pair her with a seasoned mentor who will bestow his knowledge and share his hard-earned experience with her. But Beth Brooke, global vice-chairwoman of public policy at Ernst & Young, doesn’t buy it.
A new study shows that diversity has flatlined in America’s largest companies.
Catalyst, a US-based think-tank, tracks the composition of supervisory boards, executive teams and high earners in Fortune 500 companies to give an annual snapshot of diversity progress in some of the world’s largest and best-known organisations.
Sheila Wellington was the first woman to become secretary of Yale University in the 1980s, a prestigious role that ranks just below the Yale provost and president. After completing her stint at Yale, she ran Catalyst for 10 years, a nonprofit group that works to improve opportunities for women in business.
Want to retain more female employees? Appoint more women to the top.
In one of the swankiest spot in New York’s Chinatown this week, the Women’s Venture Fund (WVF) held its 14th annual gala, and honoured two highly successful women in business, writes Devon Portney. They are Ida Liu of Citibank, and Alitia Faccone of McCarter & English, the law firm.
It is not easy being a woman on Wall Street. And it’s even harder being a woman of colour. According to new research from Catalyst, the non-profit group that aims to expand opportunities for women in business, those belonging to racial minority groups face greater challenges than white women in developing trusting relationships with their managers in the financial services industry.
Much is written about achieving a work/life balance, particularly in the context of attracting women to the upper echelons of corporate life. In the run up to the FT’s ranking of the top 50 women in world business, I have been asking some of the highest-achieving women in the world whether it is possible to “have it all”.
According to the Bureau of Labor Statistics, last year, women made up less than a third of personal financial advisors, 35 per cent of financial analysts and 39 per cent of workers in the securities, commodities, and fund management business. Similarly, the 2010 Catalyst Census of Women Executive Officers found that women comprised less than a quarter of all senior officers in the financial services and insurance industries. It is an imbalance that many companies are keen to rectify.
Who is the world’s most high-profile Muslim businesswoman?
When asking the question, no obvious name springs to mind.
So are the elite levels of the business and corporate world falling behind when it comes to representing the diversity of women?
The most effective way for companies to ensure their most talented women do not go unnoticed for promotions and plum assignments is through sponsorship, according to a new report by Catalyst, the US non-profit diversity group.