s 2018 · 2018 Global Gender Balance Scorecard – Focus on Financial Services 20–first’s...
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Financial Services Top 20: Progress, but Women Still Short-Changed APRIL 2018 At 20-first we believe the best measure of progress towards gender-balanced businesses is the make-up of Executive top teams rather than Boards. Here we report on the Top 20 Financial Services companies from the Fortune Global 500. 20-first © 2018 | www.20-first.com Info: queries@20-first.com In 2018 there are 191 men and 41 women in the top teams of the 20 leading financial sector companies. Globally this shows a welcome increase in percentage of female executives, from 13% to 18%. But there are big regional differences. In Asia 6% senior executives are female, in Europe 20%. But US companies excel with 33% women executives. In absolute numbers The Bank of America leads, with 5 women executives in a team of 14. Congratulations also to J.P.Morgan Chase, Fannie Mae and the Exor Group, each with 4 women. In percentages the Exor Group is outstanding, with 44% of its top team female (4 out of 9), while Legal & General is exceptional in having all three of its female executives in line roles, responsible for major business areas. Over half the companies listed now have at least 2 women executives, and 30% have 3 or more. Amongst US and European companies, only Axa and Prudential have just one woman on their top teams, though both in line roles. Key Findings The data for this survey is based on information provided by companies listed in the 2017 Fortune Global 500. Data is taken from websites and annual reports, as of February 2018. The Executive Committee is defined as the CEO and executives who report directly to the CEO, or as defined by each company. Some companies list a broader group of ‘Top Leadership’. Where this is the case clarification has been requested from companies, and if no reply is received we use our best judgement to identify reportees to the CEO, based on job title and role. Survey Methodology Asleep. No women on the EC, in either staff or line roles. Some companies may have a weak succession pool with little prospect of bringing women on to the EC within 3-5 years. Starting. One woman on the EC. A bonus point if she’s in a line or significant P&L role. Staff roles (HR, Legal,Communications) are important, but rarely lead to the very top. Progressing. Two voices are stronger than one. With two female voices on the EC, particularly in line roles, it’s less easy, consciously or not, to see them as ‘the token woman’. Critical Mass. With three or more women on the EC, their contribution becomes a norm. High EC numbers may promise a strong talent pool coming up. Our Rankings The Top 20 companies on the following pages are segmented into one of the following four phases: 87% 13% 20-first research analyses progress on gender balance in the top companies of a number of industry sectors, as well as across the top 100 companies of the Fortune Global 100. For more, go to https://20-first.com/gender-research 2014 2018 82% 18% % Men and Women on Executive Committees of Top 20 Financial Services Companies GLOBAL GENDER BALANCE SCORECARD s 2018
Transcript of s 2018 · 2018 Global Gender Balance Scorecard – Focus on Financial Services 20–first’s...
Financial Services Top 20: Progress, but Women Still Short-Changed
APRIL 2018
At 20-first we believe the best measure of progress towards gender-balanced businesses is the make-up of Executive top teams rather than Boards. Here we report on the Top 20 Financial Services companies from the Fortune Global 500.
20-first © 2018 | www.20-first.comInfo: [email protected]
In 2018 there are 191 men and 41 women in the top teams of the 20 leading financial sector companies.Globally this shows a welcome increase in percentage of female executives, from 13% to 18%. But there are big regional differences. In Asia 6% senior executives are female, in Europe 20%. But US companies excel with 33% women executives.In absolute numbers The Bank of America leads, with 5 women executives in a team of 14. Congratulations also to J.P.Morgan Chase, Fannie Mae and the Exor Group, each with 4 women. In percentages the Exor Group is outstanding, with 44% of its top team female (4 out of 9), while Legal & General is exceptional in having all three of its female executives in line roles, responsible for major business areas.Over half the companies listed now have at least 2 women executives, and 30% have 3 or more. Amongst US and European companies, only Axa and Prudential have just one woman on their top teams, though both in line roles.
Key Findings
The data for this survey is based on information provided by companies listed in the 2017 Fortune Global 500. Data is taken from websites and annual reports, as of February 2018. The Executive Committee is defined as the CEO and executives who report directly to the CEO, or as defined by each company. Some companies list a broader group of ‘Top Leadership’. Where this is the case clarification has been requested from companies, and if no reply is received we use our best judgement to identify reportees to the CEO, based on job title and role.
Survey Methodology
Asleep. No women on the EC, in either staff or line roles. Some companies may have a weak succession pool with little prospect of bringing women on to the EC within 3-5 years.
Starting. One woman on the EC. A bonus point if she’s in a line or significant P&L role. Staff roles (HR, Legal,Communications) are important, but rarely lead to the very top.
Progressing. Two voices are stronger than one. With two female voices on the EC, particularly in line roles, it’s less easy, consciously or not, to see them as ‘the token woman’.
Critical Mass. With three or more women on the EC, their contribution becomes a norm. High EC numbers may promise a strong talent pool coming up.
Our RankingsThe Top 20 companies on the following pages are segmented into one of the following four phases:
87%13%
20-first research analyses progress on gender balance in the top companies of a number of industry sectors, as well as across the top 100 companies of the Fortune Global 100. For more, go to https://20-first.com/gender-research
2014 2018
82%18%
% Men and Women on Executive Committees of Top 20 Financial Services
Companies
GLOBAL GENDER BALANCE SCORECARDs 2018
20-first © 2018 | www.20-first.comInfo: [email protected]
2018 Global Gender Balance Scorecard – Focus on Financial Services
20–first’s Gender Balance Scorecard: Focus on Financial Services
Berkshire HathawayWarren Buffett
Executive Committee
Progressing
26
= Line = Staff
EXOR GroupJohn Elkann
Executive Committee
Critical Mass
45
= Line = Staff
Agricultural Bank of ChinaZhao Huan
Executive Committee
Progressing
26
= Line = Staff
Ping An InsuranceMa Mingzhe
Executive Committee
Critical Mass
310
= Line = Staff
Fannie MaeTimothy Mayopoulos
Executive Committee
Critical Mass
48
= Line = Staff
J.P. Morgan ChaseJames Dimon
Executive Committee
Critical Mass
47
= Line = Staff
Legal & General GroupNigel Wilson
Executive Committee
Critical Mass
36
= Line = Staff
Wells FargoTimothy Sloan
Executive Committee
Critical Mass
37
= Line = Staff
Bank of America Corp.Brian Moynihan
Executive Committee
Critical Mass
59
= Line = Staff
Staff or support roles include Communications, HR, Legal, IT, Strategy, Public Policy, etc.
Line or operational roles include CEO, CFO, Country Head, Business Unit Head, etc.
Banco SantanderJose Antonio Alvarez
Executive Committee
Critical Mass
323
= Line = Staff
20-first © 2018 | www.20-first.comInfo: [email protected]
2018 Global Gender Balance Scorecard – Focus on Financial Services
20–first’s Gender Balance Scorecard: Focus on Financial Services
Bank of ChinaChen Siqing
Executive Committee
Asleep
08
= Line = Staff
Industrial & Commercial Bank of ChinaGu Shu
Executive Committee
Asleep
09
= Line = Staff
AXAThomas Buberl
Executive Committee
Starting
19
= Line = Staff
China Construction BankWang Hongzhang
Executive Committee
Asleep
011
= Line = Staff
China Life InsuranceYang Mingsheng
Executive Committee
Asleep
08
= Line = Staff
PrudentialMike Wells
Executive Committee
Starting
110
= Line = Staff
Japan Post HoldingsMasatsugu Nagato
Executive Committee
Asleep
016
= Line = Staff
AllianzOliver Bate
Executive Committee
Progressing
27
= Line = Staff
BNP ParibasJean-Lauren Bonnie
Executive Committee
Progressing
216
= Line = Staff
Assicurazioni GeneraliPhilippe Donnet
Executive Committee
Progressing
210
= Line = Staff
Staff or support roles include Communications, HR, Legal, IT, Strategy, Public Policy, etc.
Line or operational roles include CEO, CFO, Country Head, Business Unit Head, etc.
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]
Who we are
Wake UpEngage leadersand managers
Start SmartLaunch an
initiative with the right people
and the rightpositioning
1
2
Align LeadersGet buy-in on
why balance is a business
opportunity andhow to scale it
BuildManagement
SkillsEquip managers
with skillsneeded to
manage acrossgenders
Sustain theChange
Keep up themomentum, track
progress andreward success
3
4
5
What makes us different
And just published by Harvard 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
Business Case Implementation Leadership
Scorecard_Tech2013use:Layout 1 15/03/2015 17:39 Page 4
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Who we are
Business Case
20-first © 2018 | www.20-first.comInfo: [email protected]
For more information, please contact [email protected]
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]
Who we are
Wake UpEngage leadersand managers
Start SmartLaunch an
initiative with the right people
and the rightpositioning
1
2
Align LeadersGet buy-in on
why balance is a business
opportunity andhow to scale it
BuildManagement
SkillsEquip managers
with skillsneeded to
manage acrossgenders
Sustain theChange
Keep up themomentum, track
progress andreward success
3
4
5
What makes us different
And just published by Harvard 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
Business Case Implementation Leadership
Scorecard_Tech2013use:Layout 1 15/03/2015 17:39 Page 4
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]
Who we are
Wake UpEngage leadersand managers
Start SmartLaunch an
initiative with the right people
and the rightpositioning
1
2
Align LeadersGet buy-in on
why balance is a business
opportunity andhow to scale it
BuildManagement
SkillsEquip managers
with skillsneeded to
manage acrossgenders
Sustain theChange
Keep up themomentum, track
progress andreward success
3
4
5
What makes us different
And just published by Harvard 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
Business Case Implementation Leadership
Scorecard_Tech2013use:Layout 1 15/03/2015 17:39 Page 4
Implementation Overview Careers Leadership
