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PlacesWashington, District of ColumbiaGlobal Summit of Women
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Coming together at the 2018 Global Summit of Women under the theme of “Women: Creating Economies of Shared Value,” delegations of women entrepreneurs from countries including China, Vietnam, Spain, Mexico, Kazakhstan, and South Africa, to name a few, will participate in the three-day event in Sydney. Seeking to connect with their counterparts in Australia and throughout the world, the business women join the Summit with the intention of growing their businesses while creatin...g more economic opportunities for the women in their communities.
Among the hundreds of women business leaders arriving in Sydney for the Summit, five women entrepreneurs from five different countries are featured in the Summit’s “Women Entrepreneurs Forum.” The women presenting in the forum have not only grown successful businesses but have also included activities of social impact with their work. Sharing lessons learned and advice for those entrepreneurs contemplating the next stage of growth while stressing the importance for entrepreneurs to engage in “shared value” are (from left to right):
• Susana Balbo, CEO of Susana Balbo Wines from Argentina;
• Anasuya Gupta, CEO of CICO Technologies Ltd., a leading company in the construction chemical industry in India;
• Le Hong Thuy Tien, CEO of IPP - Imex Pan Pacific Group, which is a diversified conglomerate leading in the Vietnamese luxury market;
• Xu Ping, CEO of Henan Imported Materials, a logistics giant in the Chinese import-export industry; and
• Catriona Wallace, CEO of the artificial intelligence company Cre8tek from the host country, Australia.
It took a brave woman -- Carrie Gracie, the China editor for BBC who quit her post in protest when she discovered that her male colleagues with the same job in other countries were making much more than she was -- to bring BBC to commission an independent audit of equal pay. This publicly funded broadcaster also asked some of its male TV presenters to take a pay cut. The highest paid male presenter, Chris Evans, earned 2.3 million pounds while the highest ranking female presenter, Claudia Winkleman, brought in only 500,000 pounds. BBC's senior female journalists are demanding action.
This is why Iceland's move to make pay scales transparent yearly by each company is a very important move towards equitable pay
I would like to commend Uber for its recent efforts towards greater diversity and Inclusion. Best of luck to Ms. Bo Young Lee in her new role as Uber's first Chief Diversity & Inclusion Officer. We're looking forward to Uber becoming a new leader in Diversity.
Want to hear an important career tip from Sung Joo Kim, Chairperson and CEO of Sungjoo Group and MCM Holding AG? Sung Joo’s successful career as an entrepreneur has given her many insights on what it takes to sustain a vibrant, thriving company. Sung Joo embodies the Global Summit of Women’s mission, women’s economic empowerment, and will be speaking at the summit this April. Please join Sung Joo and me in Sydney, Australia April 26-28. Register to join us at the Summit:www.globewomen.org/globalsummit
I'm so proud of US women marching in 250 cities to make their voices heard again this Saturday and thankful to the sisterhood globally who held parallel marches. If last year's Women's March was born out of grief, this year's march focused on action. Whether on social media or showing up bodily in huge numbers, women are no longer remaining silent. #Metoo bred 'Times Up' and the Women's March bred political action at the polls, whether through their votes in 2018 or running for office themselves in record numbers. Women are signalling that gender inequality is no longer acceptable and they won't be quiet about it any longer.
Around a year ago, we invited a group of people to join us at the Women's March in Washington. The energy and excitement continues and women everywhere continue to take the next steps towards equality. Here in the US, a record number of women have decided to run for public office. According to TIME, women likely challenging incumbents in the U.S. House of Representatives is up nearly 350%. Read more: http://time.com/…/record-number-of-women-are-running-for-o…/
I invite you to hear a piece of career advice from Ann Sherry, Executive Chair of Carnival Cruise Line Australia, who is also serving as Co-Chair of the Australia Host Committee for the 2018 Global Summit of Women. From her long years of leading companies, Ann shares with us key things to keep in mind as one's career develops. She exemplifies the women achievers gathering in Sydney April 26-28th. Join me and Ann next April. Here's the link to the Summit Registration Form: www.globewomen.org/globalsummit
Full Mentor Clip Ann Sherry:
https://www.youtube.com/watch?v=-beIcIBd1G4
Congratulations to Iceland for becoming the very first country to legally eliminate gender pay gap by requiring employers to obtain government issued certification of their equal-pay policies. Iceland is now ranked number one in gender equality by the World Economic Forum. Read more: http://www.aljazeera.com/…/iceland-country-legalise-equal-p…
We're so proud of the The New York Times for echoing #MeToo in two of its Sunday pages, part of which is shown here. Not many newspapers around the world would do this. Yes, the women are speaking their truths in large numbers and their concerted numbers are making them heard, toppling men in power, moving Hollywood women to create a legal defense fund for harassment victims, empowering US women to run for office in numbers never before seen, moving corporations to review workplace culture, and hopefully, charting a new path in male/female relations at work. FYI, two New York Times women reporters broke the Harvey Weinsteiin story that propelled the #MeToo movement
#metoo may have started a movement that sprang from the Harvey Weinstein sexual harassment saga, but Times Up is an action-oriented response by Hollywood women in the industry intent on lasting change on gender equity. With a $13 million initial donation from these high-powered women, they announced a Legal Defense Fund for women with less resources to fight sexual misconduct in the workplace. Plans also include government and business policy changes that protect women in t...he workplace, as well as advocating for leadership roles (50/50 by 2020) inside and outside their industry.
Beyond Hollywood, Microsoft is the first Fortune 500 company to delete employee agreements that require nondisclosure to settle harassment complaints. Times Up also wants to push more companies to do the same so that victims are not reduced to silence while harassers continue to stay employed. Microsoft is also the first company backing a congressional bill that would ban companies from forcing closed-door arbitration on harassment claims. So, the cumulative voices of #metoo resulted in a turning point in gender relations but long term impact depends on initiatives from Hollywood, government and business.
Some say 2017 was a difficult year for women's rights but it was also a year of progress in the US and abroad. The US saw 3 times as people show up for the women's march than for the inauguration and saw 6 female mayors elected. Lebanon, Tunisia and Jordan eliminated laws protecting rapists who marry their victims. Malawi, Honduras, Trinidad & Tobago, El Salvador and Guatemala voted to ban child marriage.New Zealand,Serbia, Singapore, Iceland and Peru elected female heads of State! Here's to making 2018 another landmark year for women's rights!
Have more examples? Feel free to share them below!
Global Summit of Women updated their cover photo.
In Bogota, I met with Colombia's Presidential Adviser on Women's Equality, Martha Ordonez. Here are the two of us in front of the presidential palace. We met after Market Open at the Colombian Stock Exchange so we talked about the country's rich cadre of women in business leadership roles in her country. She was surprised to see that Colombia is a leader in the Latin American region with 16.4% women on corporate boards -- higher than Brazil's or Mexico's 6.4%, the economic giants in LatAm -- but nowhere near where they could be since they have a pipeline of women CEOs and executives who are board ready. Given upcoming elections, new initiatives are out of the question, but she is clearly open to moving the needle on improving Colombia's record in appointing women to board seats.
Here I am in #Bogota with 60 other women to open the Colombian Stock Exchange -- the Bolsa -- with some of the country's leading businesswomen. The CEOs of Google, Metlife, Mercer, Pepsico, Atrevia, LarainVial Colombia, Zurich Seguros as well as energy company Terpil and infrastructure construction Pavimentos Colombia were joined by board directors, executives, and some government officials. The Chair of Bogota's Chamber of Commerce, the CEO of the American Chamber of Comme...rce, Mexico's Ambassador and the President of Corona Foundation also attended. They exemplified Colombia's rich cadre of women in charge, who have grown in numbers over the years. This is Colombia's hidden secret for which it should be known better- women are driving the country's economic growth. This is the 21st Market Open that we have organized under the umbrella of Corporate Women Directors International.
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Here I am at a Trade Sustainability and Development Symposium in Buenos Aires, part of the T-20 (think tank for G-20) preparatory meetings since #Argentina is the next #G20 Host. For the first time, gender is a major thread in the themes to be addressed by the member countries, as evidenced by the fact that there were many more women experts at the sessions in which I participated. Parallel to these meetings were the ones held for Ministers from member countries in the World Trade Organization - WTO. Again, for the first time, the WTO declaration will include gender language acknowledging the pivotal role that women are playing in the global economy. I am encouraged by these developments and am proud to serve on the Advisory Board of the Argentina T-20.
