taking the journey to the next level - awar...6 entry level manager sr. manager / director vp svp...
TRANSCRIPT
Third Annual Advancing Women in Aviation Roundtable LuncheonJanuary 17, 2017
Taking the Journey to the Next Level
Amelia AndersonManaging Director & Assistant TreasurerAmerican Airlines
Sarah BriandVice President, Asset Finance GroupMorgan Stanley
Featuring
Carla HarrisVice Chairman, Global Wealth ManagementMorgan Stanley
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● Welcome
● Recap key concepts, set the stage for today’s discussion
● Keynote address and Q&A with Carla Harris
● Lunch and tabletop exercises
● Table report-outs
● Adjourn
Agenda
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Dana’s Special Project
4
Recap of Key Concepts
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Public Enemy Number One:
The “Leaky Pipeline” for Leadership
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Entry Level ManagerSr. Manager /
Director VP SVP C-Suite
45% 37% 32% 27% 23% 17%
Gender Representation in the Corporate Pipeline in 2016
% of Employees by Level
% of Women inPipeline in 2015
19%24%29%33%37%46%81%76%71%67%63%54%
Women Men
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● Unconscious bias
● Bias in recruiting processes and development programs
● Women’s own behaviors
● “Maternal wall” and “second shift”
● Lack of “family friendly” HR policies, or unintended consequences of those policies
● Few female role models
● Diminished expectations that impact decisions
Drivers of the Leaky Pipeline
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● Build awareness of unconscious biases
● Evaluate recruiting processes and efficacy of HR programs
● Implement objective standards, measurement and accountability for decisions on hiring, promotions and key assignments
● Create meaningful opportunities to mentor and sponsor talented women
● CEO commitment is key!
Strategies for Change
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Mentorship and Sponsorship
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Gender Representation in the Corporate Pipeline in 2016
Entry Level ManagerSr. Manager /
Director VP SVP C-Suite
45% 37% 32% 27% 23% 17%
% of Employees by Level
% of Women inPipeline in 2015
19%24%29%33%37%46%81%76%71%67%63%54%
Women Men
Of those promoted toCEO in 2015,
90% came from line positions.100% were men.
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What Happens to the Distribution of Women and Men in Line Roles
Women Men
56
61
54
5150
48
63
68
63
65
62
67
Entry Level Manager Sr. Manager
Director
VP SVP C-Suite
% of Women and Men in Line Roles (vs. Staff Roles) by Level
%
20%
80%
Gender Breakdown of All Line Roles at SVP Level
Line roles are positions with profit-and-loss responsibility and/or a focus on core operations. Staff roles are positions in functions that support the
organization like legal, human resources, and IT.
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● Women’s informal networks are less likely to provide pathways to line opportunities than are men’s (“old boys’ network”)
● Mentorship and sponsorship can provide meaningful alternatives to the informal networks that women miss out on
● Mentors can coach and guide women, intentionally and regularly including them in discussions of key strategic, financial and operational initiatives, and encouraging them to take on challenging roles
● Sponsors can advocate for consideration of women for promotions and key assignments
● Both mentors and sponsors can recognize when women may want to temporarily “ramp down” due to family considerations, and can help them get back in the game when they’re ready to “ramp back up”
How Do Talented Women Get There?
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Keynote Address
Carla HarrisVice Chairman, Global Wealth Management
Morgan Stanley
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Q&A with Carla Harris
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Lunch and Tabletop Exercises
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Select a “team captain” who will facilitate discussion, take notes, and report out for your table. Discuss two or more of the following questions.
1. Have you been a mentor to a woman or other diverse candidate? Did you choose them, did they choose you, or were you paired another way? What’s worked well, and what would you do differently?
2. As a leader, what steps might you take to facilitate and encourage mentorship and sponsorship of women in your organization? What guidelines might you put in place to support the development of lasting and mutually beneficial mentorship/sponsorship relationships?
3. What are the major pipelines for recruiting talent into your organization (e.g., certain universities/degree programs), and for developing high-potential employees (e.g., leadership development program). Are there biases in these pipelines that could limit the prospects for women? What steps could you take to mitigate the impact of these biases on hiring, promotions and leadership development?
Lunch and Tabletop Exercises
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4. What functional areas or positions in your organization are most likely to produce C-suite or CEO candidates? How well represented are woman in these areas or positions? What actions might the firm take to promote the movement of more women into these areas or roles?
5. Do you think leaders are more likely to think of men or women for line roles or roles requiring heavy travel or international relocation? How might sponsors advocate for more women to be considered for these roles? How can organizations “remember” mothers who are ready to ramp back up?
6. Are managers in your organization held accountable for diversity? Are there objective standards for making hiring and promotion decisions? Is there independent review of the basis for such decisions? What actions might the firm take to ensure objectivity in such decisions?
Lunch and Tabletop Exercises (Cont’d)
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Report-outs and Wrap-up
Thank You and Safe Travels!
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2. McKinsey. “Woman Matter 2013: Gender Diversity in Top Management: Moving corporate culture, moving boundaries.” McKinsey & Company. 2013. http://mwa.govt.nz/inspiring-action-for-gender-balance/women-matter-2013-gender-diversity-top-management-moving
3. Lipman, Joanne. “Women at work A guide for Men.” Wall Street Journal. Dec 12, 2014. http://www.wsj.com/articles/women-at-work-a-guide-for-men-1418418595
4. Kantor, Judi. “Harvard Business School Case Study: Gender Equity.” New York Times. Sept 7 2013. http://www.nytimes.com/2013/09/08/education/harvard-case-study-gender-equity.html?pagewanted=all&_r=0
5. Eagly, Alice, and Linda Carli. “Women and the Labyrinth of Leadership.” Harvard Business Review. Sept 2007. https://hbr.org/2007/09/women-and-the-labyrinth-of-leadership
6. Miller, Claire. “Even Among Harvard Graduates, Women Fall Short of Their Work Expectations.” New York Times. Nov 28, 2014. http://www.nytimes.com/2014/11/30/upshot/even-among-harvard-graduates-women-fall-short-of-their-work-expectations.html
7. Ibarra, Herminia, Robin Eli, and Deborah Kolb. “Women Rising: The Unseen Barriers.” Harvard Business Review. Sept 2013. https://hbr.org/2013/09/women-rising-the-unseen-barriers
8. Harrington, Brad. “Got Talent? It isn’t Hard to Find.” The Shriver Report. Nov 11, 2009. http://shriverreport.org/got-talent-it-isnt-hard-to-find/
9. Barsh, Joanna, and Lareina Yee. “Unlocking the full potential of Women in the U.S. Economy.” McKinsey & Company. April, 2011. http://www.mckinsey.com/client_service/organization/latest_thinking/unlocking_the_full_potential
10. Wirz, Monica. “Opting for an MBA Education: A Gender Analysis.” Cambridge Judge Business School. Jan 18, 2015. http://www.citywomen.co.uk/index.php/opting-mba-education-gender-analysis/
11. WSJ Women in the Economy and Executive Task Force. “Unlocking the Potential of Women in the Economy, A research Initiative.” WSJ. March 28, 2012. http://online.wsj.com/public/resources/documents/womenreportnew.pdf
12. Korn Ferry, "Diversity Scorecard 2016: Building Diversity in Asia Pacific Boardrooms“. http://www.kornferry.com/institute/korn-ferry-diversity-scorecard-2016-building-diversity-in-asia-pacific-boardrooms
13. International Labour Organization, "Facts on Women at Work“. http://www.ilo.org/wcmsp5/groups/public/---dgreports/---dcomm/documents/publication/wcms_067595.pdf
14. Catalyst, "Working Parents“. http://www.catalyst.org/knowledge/working-parents#footnote13_nqq6u25
15. Gender Equality Bureau Cabinet Office, "Gender Equality in Japan“. http://www.gender.go.jp/english_contents/about_danjo/index.html
16. Reuters, "Work Life Balance is an Empty Slogan for Many Women in Japan“. http://qz.com/291065/work-life-balance-is-an-empty-slogan-for-many-women-in-japan/
17. Society for Human Resource Management, "Work Live Issues Major Barriers to Women in Asia“. https://www.shrm.org/ResourcesAndTools/hr-topics/global-hr/Pages/Work-Life-Issues-Women-Asia.aspx
18. Amantullah, Emily. “Negotiating Gender Roles: Gender Differences in Assertive Negotiation Are Mediated by Women ‘s Fear of Backlash and Attenuated When Negotiation on Behalf of Others.” Journal of Personality and Social Psychology, Vol98 (2), Feb 2010, 256-267. http://moodle.tau.ac.il/pluginfile.php/270234/mod_resource/content/1/JPSP_NegotiatingGenderRoles.pdf
19. Anita Woolley, Thomas W. Malone and Christopher F. Chabris, “Why some teams are smarter than others.” New York Times. Jan 16, 2015. http://www.nytimes.com/2015/01/18/opinion/sunday/why-some-teams-are-smarter-than-others.html
20. PWC. “Mending the Gender Gap: Advancing Tomorrow’s Women Leaders in Financial services.” PWC. May 2013. http://www.pwc.com/en_US/us/financial-services/publications/assets/pwc-advancing-women-in-financial-services.pdf
21. Lopez, Augusto, and Saadia Zahidi. “Women’s Empowerment: Measuring the Global Gender Gap.” World Economic Forum. 2007. http://www.weforum.org/pdf/Global_Competitiveness_Reports/Reports/gender_gap.pdf
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23. Barrett, Clear. “Boardroom Success hides trouble below.” Financial Times. Sept 18, 2014. http://www.ft.com/intl/cms/s/0/c7a23ae4-3911-11e4-9526-00144feabdc0.html#axzz3PyCoDjy7
24. Marsh, Virginia. “We Need to Make paternity leave trendy.” Financial Times. Sept 18, 2014. http://www.ft.com/intl/cms/s/0/f4d4f33e-3912-11e4-9526-00144feabdc0.html
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26. Mason, Malia. “Role of Gender and Propensity to Initiate Negotiations.” Columbia University. 201427. CBS Reflects. “Gender Equality 2013-2014.” Columbia University
References and Suggested Further Reading
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AWAR 2017 Attendees
First Name Last Name Title Company
Aengus Kelly CEO AerCap
Kerrie Barry Leasing Coordinator AerCap
Eimear Gilmartin Vice President Corporate Group Treasury AerCap
Tamzin Lawrence Vice President Corporate Group Treasury AerCap
Maria Moloney Director Pricing AerCap
Helen Kotsovos Director Financing Air Canada
Liz Barry Executive Director and Head of Corporate Affairs Airbus
Andreas Hermann VP Asset Management Airbus
Sarah Clarkin SVP - Legal AirCastle
Vivienne McBride Senior Vice President Marketing AirCastle
Paul O’Callaghan CIO AirCastle
Jane O'Callaghan Chief Commercial Officer ALAFCO
Jude Bricker SVP, Planning and COO Allegiant
Paul Nelson Partner Allen & Overy LLP
Irena Badelska Head of Business Development and IR Amedeo
Amelia Anderson Managing Director and Assistant Treasurer American Airlines
Gregory Bristol Senior Manager, Corporate Finance American Airlines
Ankush Chowdhury Manager, Treasury American Airlines
Beth Gordon Henry Leadership Development American Airlines
James Hall Director, Corporate Finance & Debt Administration American Airlines
Fred Swanevelt Senior Manager, Fleet Transactions American Airlines
Philip Tozer-Pennington Managing Director Aviation News
First Name Last Name Title Company
Denis Kalscheur Board of Directors Avolon
Nina Austin Vice President Bank of America
Shawn Cepeda Managing Director Bank of America
Carolanne Cunningham Associate General Counsel Bank of America
Jay Johnston Managing Director, Investment Banking Bank of America
John Lewis Managing Director Bank of America
Anne Morrissey MD Leasing Business, Dublin Bank of America
Irada Mamedova AVP Marketing Bank of America Leasing
Olivier Trauchessec Managing Director, Head of Transportation Bank of Tokyo-Mitsubishi
George Kim Managing Director, Capital Markets Barclays
Donald Gray Partner Blake, Cassels & Graydon LLP
Auriol Marasco Associate Blake, Cassels & Graydon LLP
Stephanie Klein Vice President BNP Paribas
Robert Papas Director, Aviation Finance Group BNP Paribas
Claire Leow Head of Investor Relations & Corporate Communications BOC Aviation
Sylvia Li Assistant Vice President BOC Aviation
Steven Townend CCO BOC Aviation
Catherine Kolimas Director Castlelake
Rose Neale Head Aviation Counsel Castlelake
Winnie Liu Deputy CEO & Executive Director China Aircraft Leasing Group
Jeff Knittel CEO CIT
Kathleen Murphy Vice President, Commercial Air CIT
2222
AWAR 2017 Attendees (Cont’d)
First Name Last Name Title Company
Anyi Lee Associate, Capital Markets Citibank
Meghan O'Connor Vice President, Investment Banking Citibank
Louise O'Mara Director, Corporate Banking Citibank
Helane Becker Managing Director Cowen and Company
Gene Levitin Managing Director Credit Agricole
Adrienne Molloy Managing Director, Asset Finance Credit Industriel et Commercial
Dan Melaugh Associate Credit Suisse
Kasey Rischmann Associate, Debt Capital Markets Credit Suisse
Paul Brusiloff Partner Debevoise& Plimpton LLP
Le Lam Counsel Debevoise& Plimpton LLP
Lillian Wei VP, Capital Markets Deutsche Bank
Tetyana Orlova Corporate Finance/Leasing DLH
Sibylle Paehler Managing Director Doric Asset Finance
Corina Sylira Managng Director - Aviation Financial Consultancy DVB Bank SE
Renata Pozzi Fuchs Sales Financing Manager Embraer
John Slattery President Embraer
Nirmal Govindadas Senior Vice President - Corporate Treasury Emirates
Anfal Mahmood Corporate Finance Manager Etihad
Michael Nissyrios Senior Vice President - Financing Etihad
Lucy Wraith Legal Counsel Falko Regional Aircraft
Tory Koob Senior AssociateFreshfields Bruckhaus Deringer LLP
Mary Bradford Senior Vice President and Legal Counsel GE Capital Aviation Services
First Name Last Name Title Company
Alec Burger CEO & President GE Capital Aviation Services
Laura Burke VP Mature Engine Portfolio GE Capital Aviation Services
Greg Conlon Executive Vice President, Capital Markets GE Capital Aviation Services
Virginia Connolly SVP & Strategic Marketing Leader GE Capital Aviation Services
Chris Damianos EVP & Manager Specialty Markets GE Capital Aviation Services
Caimin Dolphin Senior Vice President Sales and Marketing GE Capital Aviation Services
Sean Flannery EVP Technical & General Manager GE Capital Aviation Services
Declan Harnett EVP And Europe and Canada Region Manager GE Capital Aviation Services
Declan Kelly SVP, Sales and Marketing GE Capital Aviation Services
DeniseMangan Fahy
Senior Vice President Portfolio Planning & Operations GE Capital Aviation Services
Lisa Sheehan Senior Vice President Sales and Marketing GE Capital Aviation Services
Jared Ailstock Vice President, Investment Banking Division Goldman Sachs & Co.
Justine Fisher Senior Research Analyst Goldman Sachs & Co.
Radha Tilton Managing Director, Capital Markets Goldman Sachs & Co.
Murrae Ross-Eskell Managing Director Horizon Executive Search
Fiona Scott Consultant Horizon Executive Search
Mylene Scholnick Principal ICF
Toby Bright CEO Jackson Square
Tim Lynes Washington Managing Partner Katten Muchin Rosenman LLP
Killian Croke Aviation Audit & Assurance KPMG
Tom Woods Partner KPMG
Marjan Riggi Managing Director, Financial Institutions & Corporates Kroll Bond Rating Agency
2323
AWAR 2017 Attendees (Cont’d)
First Name Last Name Title Company
Graeme Smyth Partner Latham & Watkins LLP
Kevin Fingeret Partner Latham & Watkins LLP
Christine O'Donovan Partner Mason Hayes & Curran
Catherine Deanne Partner McCann FitzGerald
Georgina O'Riordan Partner, Asset Finance Group McCann FitzGerald
Arnold Peinado Partner Milbank, Tweed, Hadley & McCloy LLP
Elihu Robertson Partner Milbank, Tweed, Hadley & McCloy LLP
Jo Syrett Partner Milbank, Tweed, Hadley & McCloy LLP
Minoru Kawahara Head of Finance Group Mitsubishi Aircraft Corporation America, Inc.
Sarah Briand Vice President Morgan Stanley
Wiley Griffiths Managing Director Morgan Stanley
Carla Harris Vice Chairman Morgan Stanley
Lily Cheung Director, Capital Markets Natixis
Louis Douady Managing Director, Head of Aviation Group Natixis
James Geldenhuys Head of Aircraft Finance Nedbank
Marie-Louise Kelly CFO ORIX Aviation
Jorge Paz Founding Partner Paz Horowitz
Mark Lessard Partner Pillsbury Winthrop Shaw Pittman LLP
Haiyan Zheng Head of Aircraft Acquisition PingAn Leasing
Hendrik Deurloo Senior Vice President , Customers Pratt & Whitney
Kevin Horan SVP Human Capital Seabury Group
Marie-Pierre Dhers Senior Advisor SkyWorks Capital
First Name Last Name Title Company
Peter Barrett CEO SMBC Aviation Capital
Viktoriia Gasymova Aviation Finance, AFCD SMBC Aviation Capital
David Swan COO SMBC Aviation Capital
Chris Monroe Treasurer Southwest
Ted Christie SVP & Chief Financial Officer Spirit Airlines
Betsy Snyder Director, Corporate & Government Ratings Standard & Poor's
Meghan Montana Global Account Manager, International Corporates, Corporate & Institutional Banking Standard Chartered Bank
Raquel Brinkman President Triton Aviation
Gerry Laderman Treasurer United Airlines
Roisin Boylan Student University College Dublin
Sophie Carey Senior Manager, Career Development & Skills University College Dublin
Mehtap Cevher Conti
Shareholder, Co-Chair of WAVES, Global Transportation Finance
Vedder Price Kaufman Kammholz
Cameron Gee Shareholder Vedder Price Kaufman Kammholz
Kevin MacLeod Shareholder - Head of the New York Capital Markets Group
Vedder Price Kaufman Kammholz
Maryanne Fike CEO Via Capital Partners
Adrian Beasley Partner White & Case LLP
Justin Benson Partner White & Case LLP
Louise Mor Partner White & Case LLP
Alison Weal Partner White & Case LLP
Donal Boylan