India Inc.: From Intention to Impact - Catalyst

Page created by Patrick Goodwin
 
CONTINUE READING
India Inc.:
From Intention to Impact
About the Catalyst Research Centers

The Catalyst Research           The Catalyst Research          The Catalyst Research            The Catalyst Research Center
Center for Equity in Business   Center for Career Pathways     Center for Advancing             for Corporate Practice
Leadership examines and         exposes root causes of         Leader Effectiveness             conducts research
documents workforce             gender gaps from the           explores a central challenge     distinguishing sound talent
demographics and their          classroom to the boardroom,    facing today’s business          management strategies
impact on employees,            conducting research that       leaders: how to leverage         from programmatic fads and
companies, communities,         sorts myth from fact,          employee diversity to            documents best practices.
and society. In particular,     identifies the true problems   achieve success through          These findings enable
the Center identifies how       that hold women and other      inclusive decision-making        organizations to strategically
women’s underrepresentation     underrepresented groups        and talent management.           create and support inclusive
affects corporate governance    back from advancement,         The Center’s research            cultures for both women and
and executive teams, and        and provides a solid basis     examines the nature,             men. The Center’s partnership
it explores how diverse         for more effective talent      impact, and practice of          with its Expert Community,
leadership contributes          development. The Center’s      inclusive leadership. It helps   a consortium of business
to business success.            findings allow businesses,     committed leaders learn          leaders who contribute to
By verifying gaps in            media, governments, and        how to become individual         and act on the Center’s
representation and creating     individuals to gauge women’s   change agents, shaping           work, informs organizational
results-oriented solutions,     progress and develop           the workplace culture by         policy and practices, leading
the Center’s findings and       solutions and action plans     role modeling effective          to actionable solutions and
recommendations help            to advance women into          interpersonal interactions and   systemic change.
organizations diversify         leadership.                    capitalizing on opportunities
leadership.                                                    to build inclusive talent
                                                               management systems.

About Catalyst
Founded in 1962, Catalyst is the leading nonprofit organization expanding opportunities for women and
business. With operations in the United States, Canada, Europe, India, Australia, and Japan, and more
than 800 member organizations, 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.
India Inc.:
From Intention to Impact
Aarti Shyamsunder
Alixandra Pollack
Dnika Travis

Research Partners:
AT&T Inc.                                         Halliburton
Bloomberg                                         Hewlett-Packard Company
BMO Financial Group                               IBM Corporation
The Boston Consulting Group                       KeyBank
Cardinal Health, Inc.                             Kimberly-Clark Corporation
Chevron Corporation                               McDonald’s Corporation
Credit Suisse                                     Novo Nordisk
Debevoise & Plimpton LLP                          PAREXEL
Dell Inc.                                         Sodexo
Desjardins Group                                  State Street Corporation
Deutsche Bank AG                                  UPS
EY                                                Verizon

The findings, views, and recommendations expressed in Catalyst reports are not prepared
by, are not the responsibility of, and do not necessarily reflect the views of the funding
organizations.

Unauthorized reproduction of this publication or any part thereof is prohibited.

catalyst.org

© 2015 Catalyst
Diversity is very important to our organization and is a part of our business
                   strategy. I build a business case for it in three major ways. First, today, we need
                   innovative ideas to cope with the rapid changes we see in the world around
                   us—environmental, governmental, political, economic changes. For this, we need
                   diverse management teams and diverse thought. Second, we need more women
                   to fill the talent gap we are facing. And finally, our client companies want to
                   partner with others who have similar beliefs, and so it is critical for us to model
                   diversity and inclusion now.

                                                                       —Sunil Nayak, Chief Executive Officer
                                                                              Sodexo India On-Site Services

            In the face of a critical shortage of employment-          This study3 is based on a survey of 42 companies4
          ready talent,1 India’s business leaders are increasingly   which collectively employ more than 400,000
          looking to women as a crucial untapped economic            people across India,5 as well as interviews with
          engine,2 yet the bridge from diversity-focused             key business leaders and experts.6 Our findings
          programs and policies to inclusive impact remains          indicate a gap between organizations’ well-
          uncertain. The current representation of women             intended corporate initiatives and the impact
          and men in corporate India (see Figure 2) reveals a        of those initiatives in creating more inclusive
          disconnect between organizations’ strategies and           workplaces.
          women’s inclusion in India Inc.

 How to Use This Report

  This report offers support to diversity and inclusion (D&I), human resources (HR), and business leaders in
 developing a systems approach to change in India, Inc., focusing on key areas in which to improve women’s
 workplace inclusion in India Inc., including:

    • Foundational Approaches to help organizations                    With this focus in mind, this report provides:
      address key, locally relevant issues to set the
      stage for progressive change.                                    • Reality Snapshots: Information on the current
                                                                         landscape of women’s inclusion in India Inc.
    • Flexible Work Arrangements and Cultures to
      help overcome sociocultural barriers.                            • Impact Opportunities: Information on the
                                                                         specific gaps and related opportunities for
    • Employee Leave and Reintegration Programs to                       change.
      create workplace environments where talent
      is valued.                                                       • Strategies for Success: Recommendations on
                                                                         the actions organizations can take to create the
    • Leadership Development Programs to ensure that                     necessary change.
      growth is inclusive and monitored from the top.

    • Employee Inclusion Efforts to build networks
      and create inclusive cultures for all employees.

2 | India Inc.:
Profile of Participating
                                                     DEFINITIONS: JOB TITLES
Companies                                            AND LEVELS
  Forty-two organizations representing seven
industries participated in the 2015 Catalyst India     To make comparisons across companies,
Benchmarking study.                                  some of which use different job titles and levels,
                                                     organizations were provided standard definitions as
FIGURE 1                                             common reference points for use when responding
Participating Organizations’ Profiles                to the survey. Corporations and professional
and Characteristics (N=42)                           services firms received slightly different definitions
                                                     as appropriate to their context. The following
BY HEADQUARTERS LOCATION                             represent a consolidation of these definitions:

                   India          29%                 •L
                                                        evel 1: Executive Officers: Senior-most
                                                       executives or senior-most elected professionals,
     Europe and United                      71%        including the CEO or firm managing partner
States (India Subsidiary)                              and those individuals within one reporting
                                                       level of the CEO/managing partner, who set
BY INDUSTRY                                            the strategic and/or operational direction of
                                                       the organization or firm.
    Consumer Products         19%
         and Services                                 • Level 2: Senior Managers/Senior Directors:
    Energy and Utilities    7%                            Senior management or its equivalent on the
                                                          professional or technical ladder, including
      Financial Services      19%                         individuals below executive officer who are
                                                          within three reporting levels of the CEO. In
           Industrials/     10%                           the case of Professional Services Firms this
         Manufacturing
                                                          level includes the partner pool or equivalent
Information Technology–       17%                         (not including management/executive
  Products and Services
                                                          committee members).
Information Technology–     7%                        • Level 3: Managers/Directors: Middle
             IT and BPO
                                                          management to first-level managers or its
                  Other          21%                      equivalent on the professional or technical
                                                          ladder. Those individuals below senior
BY WORKFORCE SIZE (N=34)7                                 managers/directors who are within five reporting
   Average Number of                                      levels of the CEO in a corporation or, in the case
    Employees in India 10,182                             of professional services firms, all non-partners
     per Organization
                                                          (senior associates, associates, of counsel, counsel).
                                                      •L
                                                        evel 4: Entry Level and Pipeline: Non-
                                                       management/individual contributor
                                                       (including entry level), including all
                                                       individuals below the Manager/Director level
                                                       or below the associate level (e.g., analysts) at
                                                       professional services firms.

                                                                            From Intention to Impact | 3
FIGURE 2                                FIGURE 3
          Representation by Gender Across         Representation by India Headquarters
          Levels (N=30)8                          and India Subsidiary Companies (N=30)

             Pipeline                             INDIA HEADQUARTERS
            (Entry to
           Manager/      24%     76%                Pipeline
            Director)                              (Entry to
                                                  Manager/     21%       79%
          Managers/                                Director)
           Directors    21%     79%
                                                  Managers/
                                                   Directors   21%       79%
             Senior     19%     81%
           Managers
                                                    Senior
                                                  Managers     15%       85%
           Executive
            Officers    14%     86%
                                                   Executive
                                                    Officers   11%      89%
                                Women       Men

                                                  INDIA SUBSIDIARY
                                                    Pipeline
                                                   (Entry to
                                                  Manager/      25%      75%
                                                   Director)
                                                  Managers/
                                                   Directors   21%       79%

                                                    Senior
                                                  Managers     20%       80%

                                                   Executive
                                                    Officers   15%      85%

                                                                        Women      Men

4 | India Inc.:
Inclusion Efforts Set the Stage for Gender Parity
  The first goal is to attract women [to work with          • Many      organizations  offer   safe
  us]—and not just in the conventional ways.                  transportation   options to    women
  Sometimes we recruit for “second career”                    employees who work late.
  applicants, where they are not limited by any
  previous experience. We are careful about                 • In accordance with the Sexual Harassment
  defining and selecting for what the role needs;             for Women at Workplace Act 2013, most
  pre-experience is not a requisite, qualification            organizations must now have a strict, zero-
  is required. We are also exploring some [other]             tolerance policy in place, supplemented
  new approaches.                                             by employee training programs, internal
                                                              complaint    committees     (ICCs)     and
                          —Man, Project Manager               mechanisms to address complaints.12
                                        Gurgaon
                                                              **   While the majority of surveyed
Reality Snapshot: Foundational                                     organizations (88%) offered anti-
                                                                   sexual harassment training, the
Approaches Demonstrate                                             remaining 12% have yet to address
Breadth but Have Potential for                                     this legally mandated activity.

Deeper Impact                                              While such measures get women into organizations
                                                           and ensure a safe work environment once there,
  Although gender parity at the societal level is still    more systemic, culturally ingrained issues that
lacking in India in many respects,9 our data indicate      affect women’s workplace experiences and career
that organizations are implementing ground-level           trajectories such as gender bias, family support
changes to establish a foundation for their D&I            role, and shifting demographics continue to
efforts. In particular, these initial approaches include   demand more attention and focused effort.
broad efforts to attract women into the workplace
and ensure that women have safe and comfortable            FIGURE 4
work environments once they are hired.                     Proportion of Women and Men Hired
                                                           in Fiscal Year 2014 (N=27)
   For instance, going beyond campus recruiting,
where large numbers of graduates are hired directly           Pipeline
from their college campuses, more than 86% of                (Entry to
                                                            Manager/     21%               79%
companies practice other recruiting strategies               Director)
designed to help increase gender diversity. This is an
evident need given that hiring tends to skew heavily       Managers/      24%               76%
                                                            Directors
toward men, especially at senior levels, as seen in
Figure 4.
                                                             Senior
                                                           Managers      15%              85%
  Another example of the breadth of inclusion
efforts employed by organizations relates to safe           Executive
workplaces. To ensure that women recruited into the          Officers    15%              85%
workforce are welcomed into safe environments,
organizations in India are working to mitigate risks
                                                                                           Women            Men
to women’s safety and experiences of harassment
bias.11 For example:

                                                                                          From Intention to Impact | 5
Impact Opportunity: Hold                                  • Had dedicated staff working toward
                                                                      the development and advancement of
          Local Leaders Accountable                                   women: 64%.

          for Implementing Locally
                                                                     While locally created and owned strategies,
          Relevant Strategies                                      programs, and policies may set the stage for local
                                                                   accountability, this remains an impact opportunity
            Complete change will take its time. There are          across India, Inc. Though data suggest that the
            different ways you do it. You change it from           majority of organizations have a high degree of local
            the root, or you change it at a demonstration
                                                                   ownership of women’s advancement strategies,
            level, when you demonstrate you have some
                                                                   this does not always translate to individual leaders
            commitment to it. I would say there is a lot
            of dissonance, but…you then deal with the              accepting ownership for action and impact.
            dissonance one way or the other. At least you
            recognize that there is a dissonance there.             • 57% of all organizations held senior
            That’s the first step.                                    leaders accountable for gender diversity
                                                                      goals or objectives,15 mostly (83%) through
              —Woman, Head of Corporate Sustainability                performance goals and/or ratings.16
                                          Hyderabad
                                                                       **   Among those that do, only two
                                                                            organizations held senior leaders
            To achieve deep and sustainable change,
                                                                            accountable by linking efforts to
          programmatic breadth must be accompanied
                                                                            (variable) compensation.
          by contextual depth. In setting the stage for
          greater inclusion, organizations must ensure
                                                                    • 41% of organizations did not hold local
          that foundational issues such as diversity-                 senior leaders accountable.
          focused recruiting efforts and wide-ranging
          safety and anti-harrassment offerings, are well
          tackled. Attending to local needs is critical while         Holding leaders accountable for translating
          implementing D&I strategies, and identifying those       intention into impact can be a crucial game-
          specific foundational issues stemming from the           changer in India Inc. Organizations that connect
          organization’s local context requires local leadership   particular local goals to achieve foundational D&I
          be held accountable for “getting it right.”              needs with strategic organizational objectives
                                                                   and emphasize consequences (e.g., rewards for
            A significant majority of organizations13 reported     progress or penalties for lack of progress) are
          having a formal set of strategies to advance             able to hold senior leaders accountable and
          women.14 Most organizations showed a high                reinforce the organization’s commitment to D&I
          degree of autonomy and local ownership:                  efforts. Local development and implementation
                                                                   is key, but insufficient if not coupled with ongoing
            • Developed local strategies: 71%.                     learning and refinement, stemming from a focus on
                                                                   accountability.
            • Created programs locally: 60%.

            • Created policies locally: 71%.

6 | India Inc.:
Strategies for Success: Expand                           CONSIDER THIS: RESOURCES
Recruiting Efforts to Achieve                            FOR TAKING ACTION
Both Breadth and Depth
  Approaches to recruiting talent that involve a           As you seek to accelerate your inclusion efforts,
focus on identifying and attracting qualified women      reflecting on your organization’s own foundational
will enhance representation and improve the              approaches to attract women, consider the
organization’s external reputation and brand. Broad      following questions and Catalyst resources to guide
strategies such as a diverse-slate policy,17 whereby     your next steps:
organizations’ talent acquisition teams as well as
external recruiters are required to consider a certain    • How effective are your current D&I efforts?
number or proportion of women for all available             How is your organization leveraging its
positions is useful, especially in traditionally male-      strengths to attract and keep top talent--
dominated industries. But these high-level policies         especially women?
may still leave key segments of talent untapped.
                                                            xx Catalyst’s Vital Signs19 resources will
  Such top-level strategies must also be                       help you diagnose your organization’s
complemented by locally relevant approaches                    inner D&I health and arm you with
that penetrate key market areas more deeply. For               tools to create or expand workplace
example, a focus on sourcing candidates from                   inclusion. For instance, Vital Signs:
smaller towns and newer or upcoming colleges
                                                               Determining Actions for Inclusive Policies
and women’s colleges has proven useful to some
                                                               and Practices20 will help you evaluate
organizations in India.18 Senior leaders—hiring
                                                               your current policies and practices
managers, especially—must be held accountable
for seeking and fairly considering women                       for recruiting, advancing, and
candidates from such new areas. Organizational                 retaining women.
incentives for recruiters or hiring managers who          • Is the business case for gender diversity
provide diverse applicants and/or hire diverse              clearly defined and communicated in your
employees (in terms of gender and regional or               organization?
educational background) can further support these
efforts. Diversity trainings for hiring managers            xx Gender Diversity in India21 will provide
tailored to locally specific cultural norms to combat          you with the major “pillars” that form
potential biases toward individuals from certain               the business case for more women in
regions, cities, schools, or particular demographic            India Inc.
backgrounds (such as class) can also be important.

                                                                                From Intention to Impact | 7
Flexible Work Arrangements Help Overcome
          Sociocultural Barriers When Supported by a
          Flexible Work Culture
            One of the biggest challenges was . . . How               While many surveyed companies (86%) reported
            do I manage my career in the context of roles           having a formal, written flexible work policy,
            and expectations that people have of me in              significantly fewer India-headquartered companies
            the community, in my family, in society?                had one compared to India subsidiary companies.25

                              —Woman, Founder and CEO                • A full 93% of India subsidiary companies
                                             Bangalore                 reported having a formal written flexible
                                                                       work policy compared to just 67% of
          Reality Snapshot: Organizations                              India-headquartered companies.26

          Offer Flex Work Policies But                               Among the organizations that offered flexible
          Insufficiently Promote Their Use                          work arrangements (FWAs):

                                                                     • Flexible arrival and departure (94%) and
            [The biggest need] is genuine flexibility,
                                                                       telecommuting (86%) were the most
            earned flexibility, unconditional flexibility.
                                                                       commonly offered flexible work programs.
            That…is really missing in its truest sense.

              —Woman, Head of Corporate Sustainability               • Job sharing (17%) was the least common.
                                          Hyderabad

            Women in the paid workforce in India are faced          FIGURE 5
          with a complex set of sociocultural challenges,
          including social expectations and stereotypes about
                                                                    Percentage of Organizations Offering
          gender roles, the complicated clashes between             FWAs, by Type (N=36)
          modernization and tradition, and the impact of
          globalization.22 There is an absence of reliable
          infrastructure outside of work, including daycare or      Flexible Arrival and                           94%
          transportation options. Moreover, as young families          Departure Time
          increasingly move into urban India for work, leaving       Telecommuting/
          behind a strong family and social support system           Work from Home                           86%
          in their home towns and smaller cities, employees             Reduced Work
          in India—especially women—face great challenges               Schedule/Part-                 58%
          integrating work and life demands such as raising                Time Work
          children while pursuing a career.23                             Compressed
                                                                           Work Week           28%
            When organizations identify solutions to common
          challenges, such as rigid rules around when and                    Job Share      17%
          where to work, team inefficiencies, and employee
          burnout, employees and businesses alike benefit.24
          Yet, not all companies in India have a formal work-life
          integration strategy to address such issues.

8 | India Inc.:
Impact Opportunity: Promote                              and encourage a culture where flexible work is
                                                         accepted as a norm.
Inclusion by Promoting Work-
Life Integration                                            A lack of tracking may be tied to FWA uptake
                                                         challenges, due in part to barriers and social norms
   Despite a prevalence of FWAs “on paper,” most         still prevalent in many organizations. Tracking FWA
of these programs were poorly tracked among              use will help identify opportunities for culture
surveyed organizations, showing a need for greater       change interventions—for instance, encouraging
accountability and cultural acceptance of FWAs. For      managers at all levels to promote and role model the
instance, even telecommuting, which was offered          use of FWAs where there is currently low utilization.
by a majority of organizations, was tracked by only      Calling on leaders to mandate, role model, and
slightly more than one-third (39%) of organizations.27   hold themselves and one another accountable
This raises questions about how serious organizations    for implementing change efforts around work-life
are about employees’ work-life effectiveness.            integration is an essential step in improving women’s
Consequently, the extent to which employees actually     representation and inclusion in India Inc.
feel empowered to take advantage of available FWAs
is uncertain. One way to create a flexible culture is
to review where employees are encouraged to use
FWAs compared to low employee use of FWAs.                     CONSIDER THIS: RESOURCES
                                                               FOR TAKING ACTION
Strategies for Success:
                                                                To understand the importance of flexible work
Encourage FWA Use                                              options in retaining top talent, consider the following
by Employees                                                   questions and Catalyst resources to guide next steps.

  You have other policies like flexi-time or                     • How do employees in India address work-life
  work-from-home. But does the woman feel                          balance challenges?
  empowered enough to even ask for those
  flexi-time options from her manager? Would                        xx Expanding Work-Life Perspectives: Talent
  she feel that if [she asks] to use those policies                     Management in India28 points out the
  or… benefits, would it affect [her] promotion?                        challenges that work-life integration
  What will my manager think? What will my                              poses for employees in India
  juniors think? She’d be even scared to ask for
  those benefits which are provided to her by
                                                                        (especially women).
  the company. I think that as the policy bit is                 • Why should organizations in India provide
  taken care of, the sensitivity or the awareness
  and the empowerment that is needed to
                                                                   FWAs? Is it worth the costs?
  make the best of the policies—that is where
  the experience has been [not as good] as                          xx The Great Debate: Flexibility vs. Face Time—
  what we’d like to have.                                               Busting the Myths Behind Flexible Work
                                                                        Arrangements29 describes the importance
        —Man, Manager, Diversity and Inclusion                          of FWAs for employers interested in
                                      Mumbai                            retaining top talent, and how FWAs are
                                                                        increasingly the rule, not the exception.
  While many of the surveyed organizations
provide flexible work options and leave programs,
more of them must begin tracking FWA utilization

                                                                                         From Intention to Impact | 9
Employee Leave Policies Are Insufficiently
          Supplemented by Reintegration Efforts
            The question is more about, they do come back,         While the relatively long duration of maternity
            but they leave after—very quickly after that. So     leave coupled with high rates of return paint a
            they come back, but after three months they          positive picture, employees we interviewed from
            realize this is becoming a bit too much, and they    participating organizations shared concerns around
            quit. So it is more of ensuring when they come       long-term success and career sustainability. These
            back that really we are able to retain them.         return rates reflect short-term outcomes, while for
                                                                 many—women with children, in particular—the
              —Woman, Director—Business Management
                                                                 double burden of work and family responsibilities
                                            Mumbai
                                                                 proves to be an insurmountable obstacle later.

          Reality Snapshot: Organizations                          Exacerbating this challenge, nearly half of surveyed
                                                                 companies (48%) reported not offering any family
          Offer Employee Leave Programs                          care options such as on-site/near-site child care,
          Yet Provide Insufficient                               emergency child care, referral and support services
                                                                 for child and elder care. This presents a critical area
          Post-Leave Career Support                              of opportunity in a country where family support is
                                                                 crucial for women’s well-being at work and at home
            Surveyed organizations offered a variety of leave    and where external infrastructures leave much to
          options, including “extra” maternity leave (paid       be desired. Such a lack of organizational support
          and unpaid) beyond legislated time off,30 adoption     for post-leave caregiving responsibilities raises
          leave/assistance, volunteer leave, paid and unpaid     questions about the extent to which India Inc. is
          paternity leave, and sabbaticals. For instance,        fully supporting women’s ability to successfully
          organizations generally offered more than the          integrate work-life needs.
          legally mandated 84 days of maternity leave, with
          many women returning to work after that period.
                                                                 Impact Opportunity: Provide
          FIGURE 6
          Paid and Unpaid Maternity Leave and                    Adequate Post-Leave Support
          Percentage of Employees Returning                      to Employees
          Post-Leave
                                                                   An opportunity exists in providing organizational
          AVERAGE NUMBER OF DAYS OFFERED                         support to employees returning from long-duration
                                                                 leaves or career breaks. Such employees must be
                     Paid                                        reintegrated using fair performance management
          Maternity Leave    144 days31
                                                                 practices. More than one-half (57%) of surveyed
                  Unpaid                                         organizations focused reintegration efforts on
          Maternity Leave    104 days32
                                                                 performance management policies for employees
                                                                 returning from long-duration leaves. However:
          PERCENTAGE OF EMPLOYEES RETURNING
                     Paid                                         • 41% of organizations still lack a formal,
          Maternity Leave                              85%33
                                                                    standardized approach to determining
                  Unpaid                                            appropriate performance review ratings
          Maternity Leave
                                                         90%34      for post-leave employees.

10 | India Inc.:
• Of those organization that do have a                    recognize contributions made. Organizations can
    formal approach:                                        build on the steps they are already taking to attract,
                                                            recruit, and reintegrate women returning from career
    **   More than half (54%) use a pro-rated               breaks using a range of policies and benefits.36
         performance rating approach.
                                                              Methods for recognizing performance of
    **   13% use a uniform ”default” rating35               employees who take leaves reinforce the value
         common to all returning employees.                 the organization places on talent, and support
                                                            the meaningful—and hopefully sustainable—
    **   25% use a mix of approaches.                       reintegration of employees after leave.

Strategies for Success:
Reintegrate Post-Leave                                          CONSIDER THIS: RESOURCES
Employees Using Fair and                                        FOR TAKING ACTION
Inclusive Practices                                               In helping organizations provide fair leave options
                                                                and then reintegrate employees into the workplace
  Organizations in India must implement simple                  post-leave, consider the following questions and
but fair post-leave policies, ensuring that returning           Catalyst resources to guide next steps.
employees—especially women—are not penalized
for taking leaves and are evaluated fairly based on their         • What sociocultural barriers keep women from
performance in ways that adequately and effectively                 career advancement in India, and what can
                                                                    organizations do to ensure they don’t lose talent
FIGURE 7
                                                                    due to work-family integration challenges?
Percentage of Post-Leave Reintegration
Strategies, by Type (N=42)                                          xx The Making Change in India Inc.37
                                                                        toolkit focuses on how organizations
  Flexible Post-Leave                                                   and individuals in India can overcome
  Work Arrangements                              62%
                                                                        sociocultural obstacles to gender inclusion.
                                                                        Specifically, Making Change in India Inc.:
           Skills Training           26%
                                                                        Tool 3—Reintegrating Women Into the Workplace
           Networking                                                   Successfully38 addresses the barriers women
          Opportunities             24%                                 face upon returning to work after a career
                                                                        break and provides organizations and
             Counseling           19%                                   individuals with recommendations for
     “Buddy” System                                                     successful reintegration.
      to Stay in Touch         12%
         During Leave                                             • What do employee work-life integration efforts
         Skills Retention                                           look like in different regions, and what might
                 Training
                               12%
                                                                    be some lessons learned for India?
Manager Coaching for
  Supervisors of Post-                29%                           xx Work-Life: Prevalence, Utilization and Benefits39
    Leave Employees                                                    provides a quick look at employee leave and
   None of the Above                   31%                             flex work options across the globe, along with
                                                                       some organizational success factors.
                   Other       12%

                                                                                           From Intention to Impact | 11
Leadership Development Programs Have Yet to Result
          in Inclusive Growth
            Every year there are so many women who sign              **   Only two of the India-headquartered
            up [for our women’s leadership development                    companies had mentoring programs
            program]. Somehow they never had been                         for women compared to 13 (52%) of
            registered for general programs, which then                   the India subsidiary companies.41
            goes on to show that, in fact, these women
            during their corporate lives don’t have access         • 36% of surveyed organizations have
            to quality training.                                     sponsorship programs, yet:
                                      —Woman, Professor
                                              Ahmedabad              **   Nearly    half (46%)    of   India
                                                                          subsidiary companies and no India-
                                                                          headquartered    companies    had
          Reality Snapshot: Though                                        sponsorship programs targeted to
          Prevalent, Leadership                                           women.

          Development Programs Don’t
                                                                    It is possible that women are receiving such
          Reach Enough Women                                      opportunities through other general programs. But
                                                                  a closer examination of organizational approaches
            The broad category of leadership development          to leadership development reveals that even
          includes formal leadership training programs,           these “general” programs might be not reaching
          coaching, mentoring, and sponsorship. Programs          women. Among surveyed organizations that
          for leadership development in general were a            offered leadership development programs,42 the
          high priority for organizations. When it comes to       groups targeted most often were high-potential
          programs targeting the development of women,            employees and senior leaders. Given that senior
          India‑headquartered companies were less likely          leaders and those in higher ranks of the India
          than India subsidiaries to offer specialized programs   Inc. pipeline are mostly men (see Figure 2), this
          for women.                                              programmatic approach raises some questions
                                                                  about the reach of such talent development
           • While 88% of surveyed organizations                  programs to those most in need: namely, women.
             offered some form of leadership                      Developing existing leaders, most of whom
             training, only three India-headquartered             are men, precludes an opportunity to develop
             organizations offered women-targeted                 emerging women leaders.
             leadership training programs compared
             to 20 (74%) India subsidiary companies.40
                                                                    Organizations must evaluate whether these
                                                                  leadership    development       programs  reach
           • 64% of surveyed organizations have
                                                                  women—and whether women are reaping the
             coaching programs, yet:
                                                                  benefits of participation to the same extent as
              **
                                                                  men. Unfortunately, that question is difficult
                   No India-headquartered companies
                   had women’s coaching programs.                 to answer currently. In general, there was
                                                                  insufficient utilization tracking by gender or
              **   Almost half (46%) of India subsidiary          measurement of impact for these programs. This,
                   companies did not have women-                  again, calls attention to the need for greater
                   targeted coaching.                             accountability and monitoring mechanisms for
                                                                  such organizational change efforts.
           • 71% of surveyed organizations have
             mentoring programs, yet:

12 | India Inc.:
FIGURE 8
                                              Among those organizations that did measure impact,
Percentage of Development Program           most only measured participation and satisfaction at
Impact Tracking, by Type                    an aggregate level, rather than by gender.

NUMBER OF ORGANIZATIONS                      • For instance, while 80% (20) of organizations
OFFERING PROGRAM                               offering leadership training programs
                                               tracked participation overall, only 36% (9)
       Leadership                              tracked participation by gender.
          Training   37
                                               **   Fewer than half of these organizations,
        Coaching     27
                                                    48% (12), tracked career advancement
       Mentoring                                    as an overall impact measure, and
                     30                             just 20% (5) tracked advancement by
                                                    gender despite the fact that the most
     Sponsorship     15                             commonly stated purpose of these
                                                    programs, especially for women, was
ORGANIZATIONS MEASURING IMPACT
                                                    advancement.43
       Leadership
          Training                    68%    • These patterns also hold for tracking
                                               the impact of coaching and mentoring
        Coaching                52%            programs.

       Mentoring                53%           Among the relatively few organizations that did
                                            measure career development and advancement
     Sponsorship                 60%        outcomes, most measured promotions. Overall,
                                            women’s promotion rates lag men at all levels (see
                                            Figure 9).

FIGURE 9
Percentage of Total Promotions, by Gender and Organization Type (N=22)

INDIA HEADQUARTERS                          INDIA SUBSIDIARY

   Pipeline                                    Pipeline
  (Entry to                                   (Entry to
 Manager/     19%         81%                Manager/        28%                 72%
  Director)                                   Director)
Managers/                                   Managers/
 Directors    21%         79%                Directors      24%                 76%

   Senior                                      Senior
 Managers     12%         88%                Managers      19%                  81%

 Executive                                   Executive
  Officers    19%         81%                 Officers      24%                 76%

                                                                               Women          Men

                                                                             From Intention to Impact | 13
Impact Opportunity: Ensure                              • Women represent 28% of executive-level
                                                                    employee exits despite only representing
          That Efforts to Advance Women                             14% of the executive-level employee base.
          are Monitored From the Top
                                                                  • Only 15% of executive-level external hires
                                                                    are women.
            It has to be a top-down approach. We have
            such young leaders on the ground [in India]—
            first-line managers—who emulate what they             • Fewer women than men are promoted
            see at the top. So it’s extremely important for         into executive-level ranks.
            the CEO to be a role model and set the tone.
                                                                   Combined, these factors serve to further exacerbate
                                  —Woman, APAC D&I Head          the current leadership gender gap in India Inc.
                                              Bangalore
                                                                  FIGURE 10
            Introducing D&I programs and policies is an
                                                                  Percentage of Senior Leader D&I
          essential start, but to achieve sustainable impact,
          executives and managers must be held accountable        Accountability, by Outcome (N=24)
          for initiative implementation and results.
                                                                   Retention of Gender-
            Among surveyed organizations that focused on                  Diverse Talent                          79%
          accountability, the most common aspects of diversity
          for which leaders were held accountable included:       Promotion of Gender-
                                                                         Diverse Slates                      63%
           • Retention of gender-diverse talent (79%).     44

                                                                   Sponsorship of High-
              **   89% of India subsidiaries held senior              Potential Women                       58%
                   leaders accountable compared
                   to 50% of India-headquartered                     Promotion of use of
                   companies.45                                  FWAs and Other Work-                      54%
                                                                  Life Integration Efforts
           • Promotion of diverse slates and/or                  Equitable Allocation of
             appointments (63%)46 were approximately             “Hot Jobs” Necessary                   46%
                                                                      for Advancement
             equally    emphasized      by     India-
             headquartered and subsidiary companies.                Increasing Women’s
                                                                     Access to Mentors/               38%
                                                                    Mentoring Programs
            Holding leaders accountable for both retention
          and hiring is critical. At executive levels, women                       Other       13%
          are leaving at a higher rate than at other levels.

14 | India Inc.:
Strategies for Success: Require                         CONSIDER THIS: RESOURCES
Senior Leaders to Transform                             FOR TAKING ACTION
Intentions Into Impact
  More than 40% of organizations fail to hold             In reflecting on your organization’s current
senior leaders accountable for making measurable        leadership development programs as well as
progress—impact—on D&I goals. Figure 10 reflects        accountability structures and culture, consider the
the areas of accountability among participating         following questions and Catalyst resources to guide
organizations that did emphasize senior leader          next steps.
accountability. It uncovers opportunities to increase
senior leader involvement and accountability             • What are the barriers to leadership for women?
among all organizations in all these areas and more.
                                                           xx Leadership Gender Gap in India Inc.: Myths
                                                               and Realities47 lays out the myths and
                                                              realities regarding women’s advancement
                                                              into leadership positions in India.

                                                         • What outcomes or indicators of development
                                                           and advancement does your organization
                                                           measure? Have you considered moving beyond
                                                           simply measuring promotions to measuring
                                                           outcomes such as increases in budget, P&L
                                                           responsibility, people management, or
                                                           additions to the organization’s succession
                                                           planning pool?

                                                           xx Enhancing measurement and tracking
                                                              efforts helps organizations closely
                                                              examine what is working, where, and
                                                              why. Good Intentions, Imperfect Execution?
                                                              Women Get Fewer of the “Hot Jobs” Needed
                                                              to Advance48 and High Potentials Under
                                                              High Pressure in India’s Technology Sector49
                                                              show how women often don’t receive
                                                              the career advancing “hot jobs” that
                                                              comprise true leadership development.

                                                                                 From Intention to Impact | 15
Employee Engagement Is Essential to Achieving
          Meaningful and Sustainable Inclusion
            Managers are the ones who can create the              are responded to appropriately “often” or
            biggest impact. I keep telling them that the          “almost always.”
            numbers will increase as long as you create an
            inclusive environment.                                Still, organizations can do more to connect this
                                                               sense of employee involvement to employee and
                              —Woman, APAC D&I Head            business outcomes. Employee networks, also
                                          Bangalore            known as employee resource groups (ERGs), affinity
                                                               groups, or business resource groups, provide a
                                                               critical channel by which employees connect to D&I
          Reality Snapshot: Leveraging                         issues and create a sense of community, fulfiling
                                                               the need for employee involvement.52
          Employee Involvement
          can Boost Organizational                               A majority of organizations reported having
                                                               employee networks (74%), but India subsidiary
          Change Efforts                                       companies were more than twice as likely to have
                                                               employee networks than were India-headquartered
            A key strategy to spur a sense of employee         companies.53
          involvement and ensure workplace inclusion is
          helping employees feel like they belong and           • India-headquartered companies: 42%
          contribute to the larger organization, while still
          valuing their unique strengths.50 This is achieved    • India subsidiary companies: 87%
          by such practices as:
                                                                 As with tracking of leadership development
           • Providing opportunities for employees             program outcomes, not all organizations reported
             to discuss what D&I means to their                assessing the impact of employee networks.
             work group.
                                                                • Of organizations offering diversity
           • Soliciting input from employees at all               networks, 29% did not assess impact in
             levels on how to improve D&I efforts                 any way.
             within the organization.
                                                                • Companies that do track employee
           • Actively responding to employee input.               network      outcomes    primarily   track
                                                                  participation/attendance     (61%)54    or
           • Providing employees with structured                  satisfaction (39%).55
             forums and opportunities to learn about
             best practices related to promoting D&I            • Of organizations that had employee
             in the organization.                                 networks, 90% reported having a network
                                                                  ”champion.”
           Based on employee change effort engagement
          metrics, most organizations indicated that their
          employees were relatively highly involved.51           The lack of tracking once more begs the question
                                                               of accountability. Are these champions holding
           • Approximately 83% of organizations                networks accountable for business impact and
             reported that employee suggestions on             inclusion. Likewise, are they themselves being held
             improving D&I efforts in the organization         responsible for employee network success?

16 | India Inc.:
Impact Opportunity: Involve                            • Among those offered, opportunities most
                                                         commonly (60%) included unconscious
all Employees in Efforts to                              bias training.
Create an Inclusive Culture
                                                        However, despite the fact that a majority of
  Our senior sponsor for D&I in India is a male,      surveyed organizations report providing such
  which is wonderful to have. We actually have a      opportunities to employees across levels, utilization
  lot of male members in our [women’s network         is notably low. Most organizations reported that
  team]. There’s a lot of awareness, and there’s a    opportunities for dialogue with men happen:
  lot of discussion keeping this as a priority.
  		                                                   • Rarely: 31%.
       —Woman, Director-Business Management
                                          Mumbai       • Once or twice a year: 38%.

  One indicator of an organization’s focus on          • Most organizations (64%) did not monitor
the importance of gender diversity is the level of       men’s engagement in D&I efforts.
employee involvement in D&I change efforts.56
Organizations in India that create opportunities
for employees to provide feedback to leaders—         Strategies for Success: Increase
and for that feedback to be validated and
heard—on an ongoing basis will be better poised
                                                      Access to and Business Impact
for success.                                          of Employee Networks
  Employee networks are great forums in which           At our company, our women’s network focuses
organizations can provide opportunities for             on development of women at three main
employees to engage in meaningful dialogue with         [levels]: starting-to-mid-management, mid-
colleagues and organizational leaders, including:       management, and senior management. All
                                                        women can nominate themselves throughout
 • Sharing ideas on what D&I means in the               the year in India and APAC and even globally.
   context of their work and work groups.               Through the women’s network they can identify
                                                        mentors based on their own needs. They use a
 • Providing input on how organizational                tool to identify competency needs, [which] then
   D&I efforts can be improved.                         maps [them] onto a mentor who can help with
                                                        those areas….Maximum focus is needed on mid-
 • Learning about current strategies from               management, to prevent leakage there….We
   which everyone can benefit.                          need to have more role models….Women need
                                                        more people to look up to, to be better able to
                                                        resist societal pressure and give up their careers.
  Another critical way to improve employee
involvement is to look to allies. Men, especially            —Man, Assistant VP, Diversity & Inclusion
senior male leaders, have a critical role to play                                               Noida
in D&I efforts.57 Not only are they represented in
greater numbers in more powerful, senior positions,     Among organizations with employee networks,
they also personally have a lot to gain from more     women’s networks were most common (94%),
diverse and gender-balanced workforces.               followed by resource groups for persons with
                                                      disabilities (23%). Adding more employee networks
 • 60% of surveyed companies reported                 to cater to more dimensions of diversity is another
   having gender training/development                 opportunity by which organizations can increase
   opportunities for men.                             employee feelings of belonging.

                                                                                      From Intention to Impact | 17
Among organizations with employee networks:
CONSIDER THIS: RESOURCES
FOR TAKING ACTION                                              • 81% were driven by HR or other diversity
                                                                 groups.

   In addition to employee engagement across the               • Only 42% were funded through lines of
pipeline through key activities such as employee                 business.
networks, it is critical to ensure that other key
stakeholders such as senior leaders—and men, in                  This lack of connection to the business may make
particular—are engaged. Building employee involvement         it easy to dismiss networks as a “nice to have”
                                                              rather than a critical facet that drives both D&I
through networks and bringing men into the movement
                                                              impact and business benefits.
as allies for change are critical. However, outcomes will
likely fall short in the absence of senior leader champions
                                                                Strengthening the perceived—and real—
and accountability for all. Consider the following            connection between network activities and
questions and Catalyst resources to guide next steps.         business outcomes can be very useful in improving
                                                              buy-in and leveraging such networks to support
  • How can you engage key stakeholders                       meaningful impacts for participating employees
    systematically in building the case for gender D&I?       and the business alike.

    xx Getting Ready for Change in India Inc.: A Step-
        By-Step Guide58 will help your stakeholders           Strategies for Success:
        address key questions about internal and              Engage Men as Champions
        external success factors and creating a
        business case for your organization. In               to Accelerate Progress
        addition, A Bright Spot Case Study: How
                                                                 The full support of men—arguably the larger (in
        Individual Champions Help Close the Gender
                                                              terms of numbers) and more powerful stakeholder
        Gap59 demonstrates how individuals,
                                                              group in most organizations—is required to
        especially male leaders, can make a                   accelerate progress toward ending gender
        difference in leading inclusion efforts.              disparities. But there needs to be more investment
                                                              in such efforts than merely counting male attendees
  • How do you ensure that your organization pays             at infrequent events. Organizations must work
    attention to employee involvement and connection          to raise awareness across the employee base
    to organizational change in driving inclusion?            regarding current challenges in the D&I landscape
                                                              as well as what all—women, men, and organizations
    xx Think People, Not Just Programs to                    alike—have to gain from closing these gaps.
        Build Inclusive Workplaces60 shows how
        employee connection to company values                    Men must also be held accountable for
        and the presence of visible workplace                 supporting D&I efforts and rewarded for role
        role models help foster inclusion and                 modeling desired behaviors and acting as
                                                              champions for change. In so doing, organizations
        offers recommendations for action.
                                                              can combat the zero-sum thinking that holds many
                                                              men back from fully supporting D&I efforts and
                                                              create pathways to greater D&I impacts of which
                                                              all employees can take ownership and from which
                                                              all employees can benefit.

18 | India Inc.:
India Inc.’s Inflection Point: an Opportunity for
Intentional Organizational Change
  Organizations are taking stock of the fact
  that there are systemic biases that could be         leave policies. Yet, addressing questions around
  [getting] in the way of women [entering] the         how to retain women by developing an inclusive
  leadership pipeline. [They are] marking it up        culture that encourages use of these policies
  as an important project for them to be focused       without penalties, stresses the need to provide
  on, which is a big change. Today, I have seen        career-advancing opportunities, and where
  more conviction on why they want to do it. It’s      men and senior leaders feel at least an equal—
  not just [ticking a box]; it’s more about, “Let’s    if not greater—stake in the game, will propel
  make a difference.” [This] is a very positive        organizations to the next level in gender inclusion.
  thing…. What is hard is actually practicing it,
  because understanding it and appreciating it at
                                                         Barriers to greater inclusion are rooted both
  a rational level is different from implementing
                                                       within and outside the workplace in India.
  it and executing it on the ground.
                                                       Organizations that understand what makes the
                   —Woman, Founder and CEO             difference between stated intentions and achieved
                                  Bangalore            impact will serve as crucial game-changers in the
                                                       journey toward an India Inc. where women and
                                                       men have equal opportunities to succeed.
  India Inc. is at a critical inflection point. With
gender D&I a strategic imperative, next steps            Leaders who find themselves and their
require a sustained commitment to implementation.      organizations at this inflection point have a choice
Given the increasing size of the Indian workforce,61   to make: accept the status quo and stagnate, or
the opportunity to make large-scale impact is          build on lessons learned and capitalize on key
unprecedented.                                         opportunities to propel their organization’s D&I
                                                       agenda. Insights from this report on the landscape
   Organizations certainly have ticked many of the     of women’s inclusion in India Inc., the current
right boxes when it comes to addressing acute and      realities and associated opportunities for change,
apparent barriers to gender equity—such as anti-       and the strategies for success can support this
sexual harassment training, FWAs, and maternity        move from intention to impact.

                                                                                     From Intention to Impact | 19
Endnotes
           1. FICCI-EY, Reaping India’s Promised Demographic                  24. Lisa D’Annolfo Levey, Meryle Mahrer Kaplan, and Aimee
               Dividend—Industry in Driving Seat (2013); K. Ramkumar,             Horowitz, Making Change—Beyond Flexibility: Work
               “Demographic Dividend or Burden?,” Forbes, February                Life Effectiveness as an Organizational Tool for High
               25, 2013.                                                          Performance (Catalyst, 2008).
           2. “Close India’s Gender Gap to Open its Competitive               25. The difference between the India-headquartered (N=8)
               Potential,” World Economic Forum press release,                    and India subsidiary companies (N=28) was significant at
               November 16, 2009.                                                 p
49. Aarti Shyamsunder and Nancy M. Carter, High Potentials Under    56. Travis and Pollack.
    High Pressure in India’s Technology Sector (Catalyst, 2014).    57. Jeanine Prime and Corinne A. Moss-Racusin, Engaging Men
50. Dnika J. Travis and Alixandra Pollack, Think People, Not Just       in Gender Initiatives: What Change Agents Need to Know.
    Programs to Build Inclusive Workplaces (Catalyst, 2015).            (Catalyst, 2009); Jeanine Prime, Corinne A. Moss-Racusin,
51. The mean was 3.8 on a 5-point scale.                                and Heather Foust-Cummings, Engaging Men in Gender
52. Employee networks can help develop and advance women                Initiatives: Stacking the Deck for Success. (Catalyst, 2009).
    by providing access to role models and mentors, providing       58. Catalyst, Getting Ready for Change in India Inc.: A Step-by-
    actual leadership experience, tapping into women’s skills           Step Guide (2012).
    and identifying talent early, providing support through life-   59. Catalyst, A Bright Spot Case Study: How Individual
    stage and career challenges, and being a source of visibility       Champions Help Close the Gender Gap (Catalyst, 2013).
    and engagement simultaneously. See Meryle Mahrer                60. Travis and Pollack.
    Kaplan, Emma Sabin, and Sarah Smaller-Swift, The Catalyst       61. India will add about 120 million people to its working
    Guide to Employee Resource Groups (Catalyst, 2009).                 population by the year 2020, making up 28% of the world’s
53. The difference between the India-headquartered (N=5)                workforce, according to the Deputy Governor of the
    and India subsidiary (N=26) companies was significant at            Reserve Bank of India (RBI); “India to Have 28 pc of World’s
    p
Acknowledgments

            This report is an example of the outstanding         Practice; Jeanine Prime, PhD, Senior Vice President,
          teamwork and dedication of many individuals.           Research; Jan Combopiano, Senior Vice President,
          Aarti Shyamsunder, PhD, Director, Research,            Research, Chief Knowledge Officer; and Nancy
          Alixandra Pollack, Director, Research, and Dnika       Hendryx, Editorial Director, Marketing, all of
          Travis, PhD, Vice President and Center Leader,         whom provided invaluable feedback throughout
          Catalyst Research Center for Corporate Practice,       the content-development process; and Courtney
          designed the study, collected the data, analyzed it,   McCluney, Molly Forgang, Rochelle Olivares, and
          and authored the report.                               Shawna Vican, who transcribed and coded the
                                                                 qualitative interview content.
            Subject-matter experts and team members who
          contributed to the creation of this report include       Finally, we wish to thank the Catalyst India Inc.
          Deepali Bagati, Executive Director, Catalyst USA who   member organizations that provided the insights
          showed the way with the 2010 India Benchmarking        and data upon which this report is founded and
          Report;62 Shachi Irde, Executive Director, Catalyst    the Catalyst Research Partners, whose support
          India WRC, who assisted with outreach and data         enables us to co-create important research and
          collection; Julie Nugent, Vice President and Center    actionable findings to help develop inclusive work
          Leader, Catalyst Research Center for Corporate         environments around the world.

22 | India Inc.:
Board of Directors
                              Mary Beth Hogan, Esq.            Stephanie A. Streeter             John F. Smith, Jr.
Chair                         Co-Chair, Litigation 			         Chief Executive Officer           (1998–2001)
Peter Voser                     Department                     Libbey, Inc.                      Chairman & CEO
Chairman                      Debevoise & Plimpton LLP                                           General Motors Corporation
                                                               Christopher J. Swift
ABB Ltd
                              Muhtar Kent                      Chairman & CEO                    Thomas J. Engibous
                              Chairman & CEO                   The Hartford Financial Services   (2002–2005)
Secretary                     The Coca-Cola Company              Group, Inc.                     Chairman, President & CEO
                                                                                                 Texas Instruments Incorporated
Maggie Wilderotter            Chanda Kochhar                   Richard K. Templeton
Executive Chairman            Managing Director & CEO          Chairman, President & CEO         Charles O. Holliday, Jr.
Frontier Communications       ICICI Bank Ltd.                  Texas Instruments Incorporated    (2006–2008)
  Corporation                                                                                    Chairman & CEO
                              Ellen J. Kullman                 John B. Veihmeyer                 DuPont
Treasurer                     Chair & CEO                      Global Chairman
                              DuPont                           KPMG LLP                          James S. Turley
Thomas Falk                                                                                      (2009–2013)
Chairman & CEO                T.K. Kurien                      Mark Weinberger                   Chairman & CEO
Kimberly-Clark Corporation    CEO & Executive Director         Chairman & CEO                    Ernst & Young
                              Wipro                            EY
Linda Addison                                                                                    Honorary Directors
Managing Partner              A.G. Lafley                      Thomas J. Wilson
Norton Rose Fulbright LLP     Chairman, President & CEO        Chairman, President & CEO         Tony Comper
                              The Procter & Gamble 		          Allstate Insurance Company        Retired President & CEO
John Bryant                     Company                                                          BMO Financial Group
Chairman, President & CEO
                              Michel Landel
                                                               Historic List of
Kellogg Company                                                                                  Michael J. Critelli
                              Group CEO                        Board Chairs                      Retired Chairman & CEO
Ursula M. Burns               Sodexo                                                             Pitney Bowes Inc.
                                                               Thomas C. Mendenhall
Chairman & CEO
                              Marc B. Lautenbach               (1962–1976)                       Thomas J. Engibous
Xerox Corporation
                              President & CEO                  President                         Retired Chairman & CEO
Ian Cook                      Pitney Bowes Inc.                Smith College                     Texas Instruments Incorporated
Chairman, President & CEO
                              Gerald Lema                      Donald V. Seibert                 Ann M. Fudge
Colgate-Palmolive Company
                              Former Chairman and President,   (1977–1980)                       Retired Chairman & CEO
Mary B. Cranston, Esq.          Japan                          Chairman of the Board             Young & Rubicam Brands
Retired Senior Partner        Baxter International Inc.        J.C. Penney Company, Inc.
Pillsbury Winthrop Shaw                                                                          Charles O. Holliday, Jr.
                              Sheri S. McCoy                   Lewis H. Young                    Retired Chairman & CEO
   Pittman LLP
                              Chief Executive Officer          (1981–1984)                       DuPont
Michael S. Dell               Avon Products, Inc.              Editor-in-Chief
Chairman & CEO                                                 Business Week                     Karen Katen
Dell Inc.                     Beth E. Mooney                                                     Retired Vice Chairman
                                                               Charles W. Parry                  Pfizer Inc
                              Chairman & CEO
Jamie Dimon                                                    (1985–1986)
                              KeyCorp                                                            Ilene H. Lang
Chairman & CEO                                                 Chairman & CEO
JPMorgan Chase & Co.          Denise Morrison                  Aluminum Company of               Retired President & CEO
                              President & CEO                     America                        Catalyst
William A. Downe              Campbell Soup Company
Chief Executive Officer                                        Richard E. Heckert                Reuben Mark
BMO Financial Group           Indra K. Nooyi                   (1987–1988)                       Retired Chairman & CEO
                              Chairman & CEO                   Chairman & CEO                    Colgate-Palmolive Company
Eric J. Foss                  PepsiCo, Inc.                    E.I. du Pont de Nemours
President & CEO                                                                                  Anne M. Mulcahy
                                                                  & Company
Aramark                       Kendall J. Powell                                                  Retired Chairman & CEO
                              Chairman & CEO                   Reuben Mark                       Xerox Corporation
Deborah Gillis                General Mills, Inc.              (1989–1990)
President & CEO                                                                                  Barbara Paul Robinson, Esq.
                                                               Chairman & CEO
Catalyst                      Stephen S. Rasmussen                                               Retired Partner
                                                               Colgate-Palmolive Company
                              Chief Executive Officer                                            Debevoise & Plimpton LLP
Marillyn A. Hewson            Nationwide                       John H. Bryan
Chairman, President & CEO                                                                        James S. Turley
                                                               (1991–1995)
Lockheed Martin Corporation   Ian C. Read                                                        Retired Chairman & CEO
                                                               Chairman & CEO
                              Chairman & CEO                                                     Ernst & Young
                                                               Sara Lee Corporation
Jacqueline Hinman             Pfizer Inc
Chairman & CEO                                                                                   G. Richard Wagoner, Jr.
                                                               J. Michael Cook
CH2M HILL Companies Ltd       Feike Sijbesma                                                     Retired Chairman & CEO
                                                               (1996–1997)
                              CEO & Chairman                                                     General Motors Corporation
                                                               Chairman & CEO
                                Managing Board                 Deloitte & Touche LLP
                              Royal DSM
CATALYST
120 Wall Street, 15th Floor
New York, NY 10005
United States
T +1 212 514 7600
F +1 212 514 8470

CATALYST CANADA
8 King Street East, Suite 505
Toronto, Ontario M5C 1B5
Canada
T +1 416 815 7600
F +1 416 815 7601

CATALYST EUROPE
c/o KPMG AG
Landis+Gyr-Strasse 1
6300 Zug
Switzerland
T +41 (0)44 208 3152
F +41 (0)44 208 3500

CATALYST INDIA WRC
106 “B”, Damji Shamji Corporate Square
Melville Estate
Off Ghatkopar-Andheri Link Road
Pant Nagar, Ghatkopar East
Mumbai 400 075
India
T +91 22 6700 0785

CATALYST AUSTRALIA
c/o Hayes Knight (Melbourne) Pty Ltd
Level 12
31 Queen Street
Melbourne, Victoria 3000
Australia
T +61 (0)3 8844 5600
F +61 (0)3 9826 3642

CATALYST JAPAN
T +81 (0)3 6860 8450

catalyst.org
You can also read