NEW YORK – [March 19, 2019] – To kick off Women’s History Month, the Paradigm for Parity® coalition is pleased to announce that 103 CEOs have committed to taking action within their organizations to close the gender gap in corporate leadership. The Paradigm for Parity® coalition has more than tripled in size since launching in 2016 with 27 companies. Together, the coalition companies employ more than 5.4 million workers across the globe and span a diverse range of 28 industries, including technology, health care, food service, retail and financial services.
“We applaud the more than 100 companies that have committed to taking substantive steps within their organizations to ensure that all women are given the opportunity to advance and thrive in the workplace,” said Sandra Beach Lin Co-Chair of the Paradigm for Parity® coalition. “We commend the leadership of these companies for making this significant commitment on behalf of the women they currently employ and the future talent they seek to attract. We are eager to continue supporting our growing coalition of companies as we work together to close the gender gap and champion equity in the workplace.”
“Our work to advance innovation demands that we empower and elevate people who bring forward new ideas, different ways of thinking and constructively challenge the status quo,” said Ken Frazier, Chairman and CEO of Merck. “This is an important movement and we are pleased to stand with 102 other companies that have joined the Paradigm for Parity, as we continue to advance our diversity and inclusion goals and commit to achieving gender parity in leadership positions by 2030.”
“We are proud to partner with the Paradigm for Parity® movement and work towards fully addressing the gender imbalance prevalent in corporate leadership positions,” said Angel Mendez, Chief Operating Officer at HERE. “We are committed to catalyzing change through implementing the 5-Point Paradigm for Parity® Action Plan, which lays out proactive steps for companies to take in order to curb workplace inequality. We look forward to working with the coalition and the other companies that have joined the movement to accelerate the pace of achieving gender parity.”
“The movement toward true gender equality at every level of an organization starts at the top, which is why I’m so proud to stand with more than 100 other CEOs as part of this effort,” commented David G. Nord, Chairman, President and CEO, Hubbell Incorporated. “Diversity of ideas will make the difference between where a company is today and where it is five, 10 and 20 years from now.”
Founded by women CEOs and business leaders, the Paradigm for Parity® coalition is committed to working with companies and executives to achieve a new norm in corporate leadership: one in which women and men have equal power, status and opportunity. The coalition created a 5-Point Action Plan comprised of synergistic steps that, when implemented together, can catalyze change and enable substantial progress towards gender parity by 2030.
The five points are:
Eliminating or minimizing unconscious bias in the workplace;
Significantly increasing the number of women in senior operating roles;
Measuring targets and maintaining accountability by providing regular progress reports;
Basing career progress on business results and performance, rather than physical presence in the office; and
Providing sponsors, not just mentors, to women well positioned for long term success.
Click here for a full list of all 103 committed companies.
About the Paradigm for Parity® Movement
The Paradigm for Parity® coalition is composed of CEOs, senior executives, founders, board members and business academics who are committed to achieving a new norm in corporate leadership: one in which women and men have equal power, status, and opportunity.
The coalition created the Paradigm for Parity® 5-Point Action Plan for corporations to accelerate the pace of gender equity in senior executive roles. This unique agenda defines bold and specific actions that, taken together and simultaneously implemented as a package, will catalyze change and enable today’s business executives to secure the best leaders of tomorrow. The Committee of 200 is a founding fiscal sponsor of the Paradigm for Parity® and a partner in advancing women in business. Visit www.paradigm4parity.com or follow us on Twitter using @p4parity to learn more about this exciting initiative.