Gender diversity supports managerial efficiency by creating a more diverse culture and favoring the exploration of different business opportunities. However, creating a diverse culture implies a critical mass of female managers. To reach this point, companies must recruit more women. They also have to promote and train women when the labor market does not supply enough.
As has been pointed out with increasing frequency, a certain group think has been widely blamed for the economic crisis we find ourselves in today. Studies indicate that women are more comprehensive thinkers and less attracted to excessive risk than are their male peers.
The barriers that continue to prevent women from reaching senior leadership in critical mass in the financial services industry and more generally–negative gender stereotyping, lack of women in line positions, a narrow pipeline, lack of mentoring and promoting opportunities, work/life balance challenges, limited access to powerful professional networks– are the same ones faced over a decade ago.
The Calvert Women’s Principles (CWP) were a focal point of a forum convened by the United Nations Global Compact and the United Nations Development Fund for Women (UNIFEM), entitled Advancing Women in the Global Marktplace.
Submitted by afiorino on Mon, 02/08/2010 - 12:10pm
The Calvert Group, Ltd., one of the largest families of socially responsible funds in the United States and UNIFEM launched The Calvert Women’s Principles (CWP), the first global code of conduct focused exclusively on empowering, advancing, and investing in women worldwide. Since their launch, the CWP have been a major catalyst for dialogue and heightened awareness of workplace issues affecting women. They reflect Calvert’s view that there is a strong business case for gender equality.