Women in Business – Return on investment
During the first week of the 63rd UN Commission on the Status of Women (March 11, 2019), the Consulate General of France, the Consulate General of Canada and the Economic Club of New York will co-host the second edition of their cycle of conferences – Women in Business. This event is in line with Canada and France’s priorities of their respective presidencies of the G7. It will focus on one of the G7’s main objectives for 2019: fighting for equality of opportunity between men and women. Taking place in New York, this conference will initiate a conversation focused on the economic power of women.
This conference will address the role played by institutional investors in accelerating gender equality. The investment community has been paying an increasing attention to diversity and the advancement of women in leadership roles, because of the growing body of research establishing a correlation between companies’ economic performance and the number of women in senior positions.
On the riskier side of investment, the VC industry also has a role to play in addressing gender inequalities. Companies with at least one woman on their founding team have 63% more revenue than companies that have none. This is unexpected, considering that only 2% of US venture dollars were invested into companies created by a female entrepreneur in 2017.
Investors are uniquely positioned to unlock the return on investment for women.
Therefore, the conference’s objectives are multiple. On the one hand, it aims to help increase the number of women in senior partner roles. On the other hand, it intends to generalize women’s access to venture capital funding by identifying the data and tools needed for gender diversity to become a mainstream investment criterion. To be most effective, it will be essential for organizations to commit to take action.
Speakers at the forum will include senior executives and decision-makers, including:
Indra Nooyi (Former Chairman & CEO, PepsiCo)
Ali Velshi (MSNBC Anchor & Business Correspondent, NBC News & MSNBC)
Barbara Novick (Vice Chairman, BlackRock)
Mark Machin (President & CEO of CPP Investment Board)
Marlène Schiappa (Minister of State for Gender Equality, France)
Maryam Monsef (Minister of Status of Women, Canada)
Muriel Pénicaud (Minister of Labor, France)
Virginie Morgon (CEO, Eurazeo)
Peter Grauer (Chairman, Bloomberg LP)
Marie-Josée Kravis (Chairman, The Economic Club of New York)
Rebecca Karden (Partner, Union Square Ventures)
Beatrix Dart (Executive Director, Rotman Initiative for Women in Business)
Kiersten Barnet (Global Head, Bloomberg Gender-Equality Index)
Kim Thomassin (Executive Vice President, Caisse de dépôt et placement du Québec)
Lynn Blake (Global Head, Equity Indexing, State Street Global Advisors)
Catherine Barba (Founder, 100,000 Investors)
Jenny Abramson (Founder & Managing Partner, Rethink Impact)
Michelle Scarborough (Managing Director, BDC Venture Capital)
Elodie Dupuy (Founder & Managing Director, Full In Venture Partners)
Kim Furlong (CEO, Canadian Venture Capital & Private Equity Association)
Megan Quinn (General Partner, Spark Capital)
Frances Brooks Taplett (Global People Senior Director, Boston Consulting Group)
Dana Kanze (Doctoral Fellow, Columbia Business School)
Emilie Maret (Fellowship, The Family)
Sheri Bronstein (Chief Human Resources Officer, Bank of America)
Kathleen Bochman (Head of ESG, Loomis Sayles (Natixis affiliate))
Anne Tolmunen (Portfolio Manager, Axa Investment Managers)