PRESS RELEASES

WASHINGTON, DC – (May 11, 2022) – Women Business Collaborative (WBC), the leading alliance of organizations, companies and individuals working together to achieve equal position, pay and power for all women in business, today announced the recipients of the 2022 CEO Excellence in Gender Equity and Diversity Award and the 2022 Trailblazer in Gender Equity and …

Women Business Collaborative Announces 2022 Recipients Of The CEO Excellence In Gender Equity And Diversity Award And The Trailblazer In Gender Equity And Diversity Award Read More »

The Business Journal has published their article “Women’s representation on boards sees best-ever growth in ‘watershed’ year”, which features 50/50 Women on Boards and the Women’s Business Collaborative’s newest Women Leading Boards April 2022 Special Report. “This new report shows that while gender diversity is increasing in U.S. boardrooms, bold change still needs to occur,” …

Women’s Representation on Boards Sees Best-Ever Growth in ‘Watershed’ Year Read More »

Women Business Collaborative (WBC) has established itself as the leading collaborative and high-growth movement committed to achieving equal position, pay and power for all women in business. Founded in 2019, the nonprofit alliance of business organizations and leaders has grown to include more than 60+ women’s organizations, 40 corporate sponsors and 400+ Council Champions

WASHINGTON, Oct. 14, 2021 /PRNewswire/ — Women Business Collaborative (WBC) with Ascend, C200 and Catalyst, has released the second annual report highlighting Women CEOs in America: Changing the Face of Business Leadership.  The report, which draws on data and includes the most comprehensive breakdown of women in corporate leadership in the US, was released on October 13th via a live roundtable discussion.

WASHINGTON, Sept. 20, 2021 /PRNewswire/ — Women Business Collaborative (WBC) – the fastest growing alliance of top business organizations driving impact to create equality for women in business — will convene more than 3,000 participants, including CEOs, thought leaders and the workforce-at-large, at its third Annual Summit  “Empowering Through Gender Equity and Diversity,” taking place virtually, September 21-22, 2021.

This release was published on PRNewsire at 8:12am EST on May 13th, 2021.

CEOs At General Motors, Procter & Gamble, Walmart, & More Honored for Efforts To Diversify Their Companies And Increase Opportunities For Women; Trailblazers Award Honors Magic Johnson, Indra Nooyi, Gina Raimondo & Others For Making Innovative Changes To Further Gender Equity & Diversity

WASHINGTON, May 13, 2021 /PRNewswire/ — Women Business Collaborative (WBC), the unprecedented alliance of organizations, companies and individuals working together to achieve equal position, pay and power for all women in business, is pleased to announce eight leading CEO recipients for the 2021 Excellence in Gender and Diversity CEO Award with six iconic recipients for WBC's 2021 Trailblazer Gender & Diversity Award. These awards showcase the top leaders in promoting gender and diversity equity across business.

WBC's 2021 Excellence in Gender and Diversity CEO Award recognizes top officials in major companies for their efforts to diversify their companies and increase opportunities for women in business roles. The 2021 awardees include: Mary T. Barra, Chair and CEO, General MotorsDavid Taylor, Chairman, President & CEO, P&GRonald P. O'Hanley, Chairman and CEO, State Street CorporationDoug McMillon, President & CEO, Walmart, Inc.; Jim Fitterling, Chairman and CEO, DowLaurence D. Fink, Founder, Chairman and CEO, BlackRock, Inc.; Tricia Griffith, President & CEO, Progressive Insurance; and Barbara Humpton, President and CEO, Siemens Corporation.

All of the awardees will be honored at WBC's Virtual Annual Summit: Empowering Through Gender and Diversity on Tuesday, September 21st and Wednesday, September 22nd, 2021. Over a day and a half, WBC will highlight achievements in diversity and showcase how the movement is reaching tens of thousands of women, men and organizations across the US and the globe. WBC's Virtual Annual Summit helps celebrate achievements while acknowledging the hard work being done to reach equal position, pay and power for all businesswomen. 

Chair and CEO of General Motors, Mary T. Barra states: "I appreciate WBC's work to highlight gender and diversity equity and for including me among these influential leaders making a difference across industries. At General Motors, we are committed to true accountability in diversity, equity and inclusion and are committed to doing our part to make our company and our world a better place."

Doug McMillon, President & CEO, Walmart Inc. adds, "I'm honored to receive this award and grateful for the impact it represents of Walmart's diversity, equity and inclusion efforts – especially after a year full of challenges that disproportionately affected women and minority groups. This work remains urgent, and both Walmart and the entire business sector must continue to use our resources to create a more equitable society for all." 

And David Taylor, Chairman, President & CEO, P&G shares, "At P&G, we believe in a world with equal representation, equal opportunity, and an equal voice for all individuals, and I am honored to accept this award on behalf of P&G people who are driving this aspiration every day." 

In addition, WBC's 2021 Trailblazer Gender & Diversity Award recognizes business leaders who have implemented innovative changes that further gender equality and diversity, uplifting those around them and cultivating inclusive environments. The 2021 Awardees include: Indra Nooyi, Former Chairperson and CEO, PepsiCo; Joey Reiman, Co-founder and Chair of Brand New World Studios; Gina Raimondo, U.S. Secretary of Commerce; Earvin "Magic" Johnson, Chairman and CEO Magic Johnson Enterprises; Thasunda Brown Duckett, President and CEO, TIAA; and Lilly Ledbetter, Author and Equal Pay Activist. Lilly shares what all these Trailblazers represent: "I'll be happy if the last thing they say about me after I die is that I made a difference." 

"What an honor it is to recognize and celebrate these CEOs driving change for gender and diversity along with these Trailblazers contributing to our nation," says Edie Fraser, CEO of Women Business Collaborative. "They all deserve these honors for their remarkable commitment to supporting and advancing WBCs vision of equal position, pay, and power for women in business and our commitment to DE&I."

WASHINGTON, March 23, 2021 /PRNewswire/ — Despite some encouraging signs in specific regions, women's participation in the investment management industry has remained stagnant for more than 20 years, according to data presented during DE&I in the Investment Management Industry, a virtual Executive Roundtable hosted by the Women Business Collaborative, the Investment Adviser Association, and Morningstar. 

The data picture of women's underrepresentation in investment management was presented by Laura Lutton, Head of Asset Management Solutions at Morningstar and Sarah Maynard, Global Head of External Inclusion and Diversity Strategies and Programs at the CFA Institute.

Strategies for creating a path forward to accelerate change were offered by three leading asset management CEOs with more than 85 years of combined experience and overseeing more than $4.5 trillion in assets: Yie-Hsin Hung, CEO of New York Life Investment Management; Jenny Johnson, President & CEO of Franklin Templeton; and Michelle Seitz, Chairman & CEO of Russell Investments. The roundtable was moderated by former Oak Hill Advisors Partner Alex Jung and Investment Adviser Association President & CEO Karen Barr.

Globally, the rate of women mutual fund managers is unchanged since 2000 at about 14 percent, according to new data presented by Morningstar's Lutton. There are bright spots – the representation of women in parts of Asia is north of 20 percent and is approaching 30 percent in China. But in the U.S. and U.K. the rate is below the global average.

One point of encouragement is that more women are in the talent pipeline, seeking the professional credentials necessary to be competitive in the investment management industry. The CFA Institute's Maynard noted that between 2015 and 2020, the participation by women in the CFA Program grew from 32 percent to 41 percent.  In real numbers, the number of women candidates for the CFA designation doubled over that period, from 70,000 to 140,000.

Continuing to build reliable data sets is crucial to building strategies for change. Each of the CEO panelists provided insights for accelerating positive change.

Franklin Templeton President & CEO Jenny Johnson said investment management executives need to view the hiring and promotion of women as "an unbelievable opportunity. If you have an underutilized group of very talented individuals, you have to look at it as an incredible investment opportunity. Firms must look critically at their practices to see what they are doing to build a pipeline and ensure advancement opportunities for women.  We must advocate for groups that have been historically underrepresented to start joining investment management firms and to envision themselves in our industry in the future. Firms need to help plant the seed early at the foundation of their careers."

"You have to resource this effort like any major strategic initiative with commitment from the top and embed diversity and inclusion into every step of our processes around talent, in interviews and promotions, to increase the likelihood of achieving the outcome we all desire," said New York Life Investment Management CEO Yie-Hsin Hung. "As women leaders, there's also an opportunity for us to bring more women into our industry by sharing our stories with the next generation and better connecting what we do to making a difference in peoples' lives."

"We have the women taking the exams, graduating from esteemed universities, and applying for jobs. We need to make sure that once they're in our pipeline, we provide opportunities to get them on track for promotions and leadership roles," Said Russell Investments CEO Michelle Seitz. "We need to attract and retain people once they're in the field."

A recording of the executive roundtable DE&I in the Investment Management Industry is available online.          

Women Business Collaborative

Women Business Collaborative is an alliance of business women's organizations working together to achieve equal position, pay and power for all women in business. We are a social movement consisting of millions of diverse, professional women and men, business organizations, public and private companies and the media leveraging the power of collaboration to accelerate change.

Investment Adviser Association

The Investment Adviser Association (IAA) is the leading trade association representing the interests of fiduciary investment adviser firms. The IAA's member firms collectively manage more than $25 trillion in assets for a wide variety of institutional and individual investors. In addition to serving as the voice of the advisory profession on Capitol Hill and before the SEC, DOL, CFTC and other U.S. and international regulators, the IAA provides extensive compliance and educational services to its membership. For more information, visit www.investmentadviser.org or follow us on LinkedIn, Twitter and YouTube.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the debt and private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $227 billion in assets under advisement and management as of Dec. 31, 2020.

SOURCE Women Business Collaborative