more women leaders, better corporate social responsibility
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DESCRIPTIONMore Women Leaders, Better Corporate Social Responsibility. June 26, 2012. Outline. Background CSR Terminology Basic Understanding Women Leaders Better Everything. Background. More Women Leaders. - PowerPoint PPT Presentation
More Women Leaders, Better Corporate Social Responsibility
More Women Leaders, Better Corporate Social ResponsibilityJune 26, 2012
OutlineBackgroundCSR TerminologyBasic UnderstandingWomen LeadersBetter EverythingBackground
More Women LeadersBetter Corporate Social ResponsibilityBetter corporate social responsibility increases women in the workplace therefore increase opportunity for women leadership
More women leaders, better economy and better society
What is CSR?DefinitionsResponsibility is the choice we make to respond with care
CSR is the way in which business consistently creates shared value in society through:economic developmentgood governancestakeholder responsiveness and environmental improvement.
CSR is an integrated, systemic approach by business that builds, rather than erodes or destroys, economic, social, human and natural capital4What is CSR?CSR should be more about the process of wealth creation, and ultimately eliminating the need for donations
When talking about CSR we DO NOT mean: Charity PhilanthropyWhat is CSR?
Unequal male & female labor force participation Largest gap in comparison to every other regionDiversity - Current SituationMcKinsey conducted a series of studies examining whether greater gender diversity correlates with better economic performance.
Study 1 - Womens positive impact on financial performance89 listed companies* with highest level of gender diversity in top management posts were selected & compared to average of their sectors
On average, these companies with higher ratio of women in top management experience better financial performance
Companies with more than two women present on board outperform others in their sector: return on equity (11.4% versus 10.3%)stock price growth (64% versus 47% from 2005-2007)operating result (11.1% versus 5.8% in earnings before interest & taxes)Women Matter, McKinsey & Company, 2007. * Companies were selected from all European listed with stock market capitalisation of over 150 million on following criteria: i. number & proportion of women on executive committee, ii. their function (eg. CEO or CFO had greater weight than Communications Manager), iii. Presence of more than 2 women on boardValue of gender diversity Financial PerformanceFirms with best record of promoting women to high positions are more profitable than their peers:
Returns on assets 18% higher than industry median
Returns on investment 69% higher than industry medianWomen on Boards: Not Just the Right Thing But the Bright Thing. The Conference Board of Canada, May 2002
Value of gender diversity Financial Performance
Value of gender diversityHow many female board of directors do we have?8 in listed companies
No data with respect to SMEs and other informal businessesMore Women LeadersBetter everything. . . More Women Leaders Better Corporate Social ResponsibilityStereotyping. . Women are better at CSR than men?
Through CSR tools such as increasing diversity in the workplace increase women leadership
Through Corporate Governance increase diversity in decision making roles increase women leadership
Through sustainability have better organizations with balanced gender and skills with the right people in the right place. . Often increasing women leadershipThank you. . For more information please contact: