Gender Balance Scorecard - 20-first.com · Spotlight on Executive Leadership GLOBAL GENDER BALANCE SCORECARD:KHUHWKH:RUOG·V7RS &RPSDQLHV6WDQG FEBRUARY 2018 $W

Spotlight on Executive Leadership

GLOBAL GENDER BALANCE SCORECARDWhere the World’s Top 100 Companies Stand

FEBRUARY 2018

At 20-first we believe the best measure of corporate progress towards gender-balanced businesses is the make-up of executive top teams. Board membership has received much focus and legislative pressure, but the ultimateevidence of long-term commitment and follow-through is the balance on Executive Committees - the CEO andtheir direct reports. Here’s how the world’s top 100 companies have changed since our last survey, in 2014.

The New Normal?Since our last survey in 2014, both US and European companies have made progress. In 2017, over half the Executive Committees (EC) of US companies in the Fortune Global 100 have achieved ‘Critical Mass’ (See p.3). Almost half the European companies have at least 2 women on their EC - a big change since 2014.And yet - over 80% of US and European EC seats are still filled by men. In Asian Fortune 100 companies, men hold 96% of seats. So, some companies are embracing today’s talent and market realities and are forging ahead. Others are stuck in outdated corporate cultures and mindsets of self-replicating leadership homogeneity. What we’ve learned from over a decade of working with some of the best? Above all, gender balance takes intention, attention and alignment at the top. True leadership.* Of 38 Fortune Global 100 companies from the Americas, 37 are US companies, and just one (Petrobras of Brazil) from Latin America.

20-first © 2018 | www.20-first.comInfo: [email protected]

More US and European companies have 2, 3 or more female executives:

AMERICAS*% companies with 3 or more

women on EC

EUROPE% companies with 2 or more

women on EC

ASIA% companies with 2 or more

women on EC>3

Women are slowly filling more Executive Committee (EC) places, with bigregional differences:

AMERICAS*% EC places filled by women

EUROPE% EC places filled by women

ASIA% EC places filled by women

19% 22%20172014

9% 15%20172014

3% 4%20172014

‘s 2018

43%

53%

16%

48%

3%

9%

2014

2017

2014

2017

2014

2017

>2 >2

Why Executive Committees, not Boards?In our view Board membership is a‘quick fix’ - valuable, but all-too easilyused to hide the lack of fundamentalprogress in companies’ operations.In Europe over a third of FortuneGlobal 100 companies’ Board seatsare now taken by women, comparedto a quarter in the Americas and8% in Asia, a good example of howEuropean legislation has forcedthe pace.

Survey MethodologyThe data for this survey is based onpublicly available information providedby the companies listed in the 2017Fortune Global 100. Data is takenfrom websites and annual reports, asof November 2017. The ExecutiveCommittee is defined as the CEOand the executives who report directlyto the CEO. An increasing numberof companies list a broader group of‘Top Leadership’ on their websites.Where this is the case clarificationhas been requested from companies.Many, however, do not co-operate insuch research. Where this is the casewe have used our best judgement toidentify reportees to the CEO, basedon job title and role.

Note: Alphabet is the Holding Company for thegroup containing Google, which comprises over90% of its turnover. Information is not publiclyavailable for Google’s EC membership, andalthough we believe it to have more than 3women members, Google did not respond toenquiries. We have therefore used data fromAlphabet.

% Women on Boards

0

10

20

30

40

America Europe Asia

3%

23%

12%

22%3%5%

20172014

4 female CEOs in top 100

Executive Committee Balance: Global BreakdownThese charts show the depth of women’s presence at the top tables, by percentage of companies with 1 or none, 2, or 3 or more, female EC members. Of course sizes of Executive Committee vary significantly - the smallest here has 3 members, the largest 19. But absolute numbers of women on an EC may matter more than percentages; when there are 3 or more women at the top there is likely to be a significant female talent pool at the next level down. In our experience, men also regularly comment on the different dynamics of an Executive team when women hold 3 or more seats at the table.

Americas Of 38 companies, half now have 3or more women on their ExecutiveCommittees. Bank of America andIBM both have 5. Almost three-quarters have at least 2 female ECmembers.

Europe European companies lag behindthe US. But there has beensignificant movement. In 2014, mostcompanies had zero or one woman.Now almost half have two or more.Particular congratulations to theExor Group for having 4 women (outof an EC of 9), making it the mostbalanced EC in the Fortune list.

Asia On Boards and ExecutiveCommittees, Asian companiesremain unremittingly male. 60%don’t have a single woman on theirECs and a further 30% only haveone. The chart shows a marginalimprovement. One lone company(Ping An Insurance) boasts 3 women.We applaud the 12 women who sitwith their 288 male colleagues in theAsian companies on the list.

3%

02014 2017

100

84%

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% c

ompa

nies

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f wom

en o

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53%

26%

43%

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20-1

3

20-1

3

20-1

3


2018 Global Gender Balance Scorecard

2014 2017

100

84%

3%

% c

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nies

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Where are some of the best-known global companies?

Where are you on your Gender Journey? 0 women – Asleep

No women on the EC

3

1 woman – Starting One woman on the EC.A bonus point if she’s ina line or significant P&L

role. Staff roles (HR, Legal,Communications) are

important, but rarely leadto the very top.

2 women – ProgressingTwo voices are stronger

than one. With twofemale voices on the EC,particularly in line roles,

it’s less easy, consciouslyor not, to see them as ‘the

token woman’.

3+ women – Critical Mass W 3 or more women

.

Asleep Starting Progressing Critical Mass

CHINA RESOURCESINTERNATIONAL


+ 18 other companies

+ 3 other companies

+ 3 other companies

+ 4 other companies

+ 13 other companies

2018 Global Gender Balance Scorecard

www.20-first.com20-first © 2014

• The business Imperative:We help companies to unlock 21st century Market and Talent opportunities

• Focus on leaders, not onwomen: We equip leaders witha strategic understanding andmanagement competenciesto work across genders

• Global perspectives:We are experienced working with global companies across all regions and cultures ofthe world

20-first is one of the world’sleading global consultanciesfocused on gender balance as a business and economicopportunity.

We work with many of the bestknown global companies that seekto move from 20th centurymindsets, management styles andmarketing approaches into moreprogressive 21st century forms –and to stay first at the game.

Hence our name. It underlies ourpurpose, and those of the clientswe serve.

For more information, please contact [email protected]

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And just published byHarvard Business Review,the new e-book: Seven Stepsto Leading Gender-BalancedBusinesses 7S E V E N S T E P S T O L E A D I N G A

G E N D E R - B A L A N C E D B U S I N E S S

A V I V A H W I T T E N B E R G - C O X

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• The business Imperative:We help companies to unlock21st century Market andTalent opportunities


• Global perspectives:We are experienced workingwith global companies acrossall regions and cultures ofthe world

20-first is one of the world’sleading global consultanciesfocused on gender balance asa business and economicopportunity.




Who we are



initiative withthe right people


1

2


why balance isa business


BuildManagement




Sustain theChange



3

45








• The business Imperative:We help companies to unlock21st century Market andTalent opportunities


• Global perspectives:We are experienced workingwith global companies acrossall regions and cultures ofthe world

20-first is one of the world’sleading global consultanciesfocused on gender balance asa business and economicopportunity.




Who we are



initiative withthe right people


1

2


why balance isa business


BuildManagement




Sustain theChange



3

45







Implementation Overview Careers Leadership

Documents

Gender Balance Scorecard - 20-first.com · Spotlight on Executive Leadership GLOBAL GENDER BALANCE SCORECARD:KHUHWKH:RUOG·V7RS &RPSDQLHV6WDQG FEBRUARY 2018 $W