2009 Catalyst Census of the Fortune 500 Reveals Women Missing From Critical Business Leadership

Corporate Boards and Top Executive Offices Fail to Mirror Marketplace and Talent Pool
New York (December 9, 2009) – Companies are still lagging in appointing women to board seats and very few women hold Executive Officer positions, according to the 2009 Catalyst Census: Fortune 500 Women Board Directors and the 2009 Catalyst Census: Fortune 500 Women Executive Officers and Top Earners. “The time is up for ‘give it time.’ Women are approximately 50 percent of the labor pool and influence over 70 percent of household spending in the United States. It’s just smart business to include women in the decision-making process, and companies should implement strategies that set targets and timetables to do so,” said Ilene H. Lang, President & Chief Executive Officer of Catalyst.

This latest research shows women’s share of board positions stagnated:
· Women held 15.2 percent of board seats, a number that reflects little growth over the past five years.
· Women of color held 3.1 percent of all board director positions, compared to 3.2 last year.
· Almost 90 percent of companies had at least one woman director, but less than 20 percent had three or more women serving together.
· Women’s share of nominating/governance committee chairs is the only board leadership position in which women are keeping pace with their share of overall board seats.
· Women’s share of board chair positions remained flat at 2.0 percent.

This year, Catalyst examined the Fortune 500 Executive Officer pool, a segment of the Corporate Officer pool used in previous Catalyst Census reports. Women’s representation among this group was unimpressive:
· Women made up 13.5 percent of Executive Officer positions and 6.3 percent of top earner positions.
· Almost 30 percent of companies had no women Executive Officers.
· Less than one-fifth of companies had three or more women Executive Officers.

“It’s not enough to recognize the need to advance women into leadership positions. It’s time to execute on it,” said Ms. Lang. “You cannot be a successful global business leader without women in your leadership. Catalyst research shows that companies with more women in leadership, on average, outperform those with fewer women, and those with three or more women board directors do even better. It’s time businesses take action and leverage the talent that women bring to the workplace. It’s good for women, good for men, and as our research demonstrates, good for business.”

Ernst & Young is the sponsor of the 2009 Catalyst Census: Fortune 500 Women Board Directors and the 2009 Catalyst Census: Fortune 500 Women Executive Officers and Top Earners. Appendices to the reports are available at www.catalyst.org. For media inquiries please contact Serena Fong, at 646-388-7757, sfong@catalyst.org, or Jeff Barth at 646-388-7725, jbarth@catalyst.org.

METHODOLOGY
For 2009, Catalyst gathered public data only from Securities and Exchange Commission (SEC) annual filings submitted by June 30, 2009. For insurance companies that do not file with the SEC, Catalyst obtained data from the National Association of Insurance Commissioners’ (NAIC) regulatory database of key annual statements submitted by June 30, 2009. Data collected by the SEC and NAIC comply with federal or state requirements governing the content and timing of the filings, resulting in more equivalent comparisons across companies. Individuals included in the 2009 Catalyst Census: Fortune 500 Women Board Directors report are those listed in SEC filings as serving on the board up to the annual meeting of shareholders and those listed in NAIC filings as Directors. The population of directors was not significantly altered by the methodology change, permitting comparisons to data from previous annual board director Catalyst Census reports.

Individuals included in the 2009 Catalyst Census: Fortune 500 Women Executive Officers and Top Earners report are those listed as Executive Officers in SEC filings and those listed in NAIC filings as Officers. Executive Officers represent a segment of the Corporate Officer population as defined in previous Catalyst Census reports. The population change makes comparisons to data from previous annual Corporate Officer Catalyst Census reports inappropriate.

ABOUT CATALYST
Founded in 1962, Catalyst is the leading nonprofit membership organization working globally with businesses and the professions to build inclusive workplaces and expand opportunities for women and business. With offices in the United States, Canada, and Europe, and more than 400 preeminent corporations as members, Catalyst is the trusted resource for research, information, and advice about women at work. Catalyst annually honors exemplary organizational initiatives that promote women’s advancement with the Catalyst Award.

Making Sense of the New Mammography Muddle

Barbara Glickstein, women's health advocate and public health nurse, whom I've listened to for many years on public radio, makes some very cogent and comforting points here about the mammography debate. At the same time, my question to her and to other searching, independent women (and men) who've weighed in on the advisability of mammograms is: Why has no one considered thermography, or thermal imaging of the breast instead? It's a proven, even AMA-practiced, technology that detects irregular heat patterns that may develop into cancers up to ten years before a mass forms and becomes cancerous. What is Breast Thermography is an informative site to get the curious who might consider an alternative to mammography going.

On that great decision we women have to make: to have children or not

As someone who has surrogate-mommed, gratifyingly in one experience, frustrated in another, but who has chosen not to have kids of my own, I found this article sensitive and its author objective given the strong feelings the discussion and decision elicit. Certain of Nancy Rome's points resonated within me, too, so I'm recommending all women read and react.

The International Women’s Media Foundation Launches South Asia Iniative

NOVEMBER 5, 2009

IWMF Launches New South Asia Initiative The International Women’s Media Foundation will bring together women journalists in December for the South Asia Initiative on Women and HIV/AIDS Policymaking. The initiative will help enable women leaders from media, civil society and parliament to respond to the HIV/AIDS epidemic. Six journalists – two each from Bangladesh, India and Pakistan – will participate in activities and events designed to help them cover the HIV/AIDS epidemic in their home countries. The program will be held Dec. 7-10 in Washington, D.C. The IWMF is partnering with the Centre for Development and Population Activities and the Center for Women Policy Studies for the initiative, which is supported by the Ford Foundation. Read the press release to learn more about the program and the selected journalists. Your support and participation helps the IWMF pioneer change for women in the news media – Donate now. Use GoodSearch & GoodShop: Every time you search or shop online, our cause earns money.

Military Coup Reverses Honduran Women’s Gains in Human Rights

For those of you, Latinas and not, who have been following the radar-slipping deteriorating events surrounding the recent coup in Honduras, here's an article from the Women's Media Center that visits the situation from a women's perspective. Women, in fact, have been in the forefront of opposition to the new, uninvited, head of state, Roberto Micheletti.

Women and the Afghan elections

I'm on this group's listserve, having met a number of their
representatives at an Islamic street fair in New York.
For a further look at the heinous treatment of women that continues,
and will keep on keeping on after the election, no matter who wins,
see our AP story: Women activists condemn Afghan marriage law


Wonderful Supporters of WAW [Women for Afghan Women],

Writing this quickly because internet keeps failing. Security is
really bad in Kabul. Yesterday there were 2 suicide bombings and
6 rockets attacks. Today 5 suicide bombers were holding up a bank in
the city. They were killed along with 4 police men. And I have
been hearing the sounds of rockets all day today but the media is
not allowed to report on any violence until after the elections.

I have been under a lot of stress lately. I have over 100 staff
members and 112 people in our shelters to keep safe.

For the past two weeks, our staff have stayed in the office and we
have not been doing home visits to clients. Starting today our
centers are closed, and staff has been asked to stay at home. I've
asked our drivers to take the cars home with them so if there are
any emergencies, they can get to the shelter fast.

We currently have 68 women and 12 children in the Kabul shelter and
32 women and 4 children in the Mazar shelter. Last night the police
called us and referred 2 new cases to us.

We have tried to ensure the participation of women in the elections.
We have helped many women (our clients who are living at home
rather than in our shelters) get registered to vote. I have also
encouraged our staff to vote on election day.

We cannot take the women from the shelter to vote on election day.
It will simply be too dangerous. Also I don't want people in the
neighborhood to find out that a lot of women are living in one
house.

I will try and send another update soon. Thank you all for caring
about this beleaguered country and it's women and girls. Please
pray for us during these terrifying days.

Manizha Naderi
Executive Director, Women for Afghan Women

My girl Toto's back in town

It was great Friday night seeing Toto la Momposina and her merry Tambores at the Queens Theatre in the Park, and it’s been great to see the Queens Latino Cultural Festival back in the groove this year of presenting top artists from throughout the Latino world in this, my borough, which boasts the largest concentration of Latinos in the Big Apple (or Gran Manzana, as they say).
Toto forces me into the cliché: She just gets better with age. Maybe it was the venue—last time I saw her, near on 10 years ago, it was at the more imposing Town Hall in Manhattan—maybe because as I get better or worse with age, she’s become nothing if not inspirational, a role model of how to stay gorgeous, sensual, spirited and—here comes another cliché—eminently young at heart.
Gigging the world over—you’d think she was homeless rather than a proud palenquera from Colombia’s northeastern panhandle—she carries with her her message as torchbearer for the traditions of her country and her people, Afro-Indio-Colombians. Toto maintains her rusticity; she’s like a pre-urbanized Susana Baca, a less buffed icon of the unsung history and contributions of African people in South America.
Toto was born into cantadora lineage: women keeping the traditions through healing, midwifery, political savvy, farming, and of course, song and dance. And that legacy infuses all of her, including her electric smile, her sensuality-- unabashed at over 60 now--and her good natured rule over her super musicians aging from their 20s to could-be “jubilados” (retirees).
The audience, too, was seduced from the first flash of that smile and her head cocked haughtily on high, her swooping skirts and her bossy and beguiling contralto. They were waving their straw hats and arms like streamers and were dancing in the seats.
I can’t wait for her next visit, predictably not for some time, though. Toto’s scored major success in Europe, but never here outside her Colombian homies. And the next show after that, and still the next one. But, at the rate she’s going, she may be still bringing the house down after I’m long gone!