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No. CCXXVI;\u00a0January 28,\u00a02015<\/strong><\/p>\n I. WOMEN HELPING\u00a0WOMEN ACROSS BORDERS AT THE GLOBAL SUMMIT OF\u00a0WOMEN I. WOMEN HELPING\u00a0WOMEN ACROSS BORDERS AT THE GLOBAL SUMMIT OF\u00a0WOMEN MCM \u2013 a luxury leather goods company with a worldwide presence \u2013 is headed by Sungjoo Kim, who is a Summit \u2018veteran\u2019 and a key member of its Advisory Board.\u00a0\u00a0At the 2014 Summit in Paris, she met with Kosovo’s President Atifete Jahjaga and shared their countries\u2019 experiences with bitter wars that left women damaged physically and psychologically.\u00a0\u00a0As a result of this dialogue, 50,000 euros (approx. US$65,000) was donated by the Sungjoo Foundation to the Kosovo Rehabilitation Centre for Torture Victims, specifically for a project entitled \u201cEmpowering Women Victims of Sexual Violence and Torture during the Conflict in Kosovo.\u201d<\/p>\n President of Kosovo Atifete Jahjaga and\u00a0Sungjoo Group\u00a0Chairperson Sung Joo Kim at the 2014 Global Summit of Women<\/em><\/strong><\/p>\n Through the advice of another Summit \u2018veteran\u2019, former Philippine Secretary of Foreign Affairs Delia Domingo Albert, Ms. Kim recently donated funds for victims of the Haiyan typhoon which devastated a large central area of the country.\u00a0\u00a0Similarly, Sungjoo Foundation helped to launch Japan\u2019s \u201cWomen Help Women\u201d \u2013 an organization focused on the economic rehabilitation of women in the earthquake stricken area and developed by long-time Summit delegates from Japan, Ann Sado and Haruko Nishida.<\/p>\n The Global Summit itself has a history of giving that include donations to organizations as diverse as the World Food Program for disaster victims in various countries, the All-China Women\u2019s Federation, the UN Girl Fund, and various Ministerial projects that advance women and girls.\u00a0\u00a0So, while its focus is women\u2019s economic empowerment, the Summit also fosters a climate where women of achievement like Sungjoo Kim reach out across borders to help other women.\u00a0\u00a0(To view the Summit program and to register, please log on to www.globewomen.org\/globalsummit.)<\/p>\n II. MEN LEADING\u00a0DIVERSITY: THE BUSINESS CASE Male CEO Forum Panelists (from left to right): Ardila, Haradom, Legher, Navarro, Novitsky, Townsend, and Urruticoechea<\/em><\/strong><\/p>\n Joining this CEO Forum at the Brazil Summit are\u00a0Jaime Ardila,\u00a0<\/em>President of General Motors Latin America from Colombia;\u00a0\u00a0Michael Haradom,\u00a0<\/em>President of Fersol in Brazil;\u00a0\u00a0David Legher,\u00a0<\/em>President of Avon Brazil & Southern Region;\u00a0\u00a0Edgardo Navarro<\/em>, President of McDonald\u2019s Latin America;\u00a0\u00a0Adriano Novitsky<\/em>, President of Technip Brazil;\u00a0\u00a0Chris Townsend,\u00a0<\/em>President of MetLife Asia;\u00a0\u00a0and\u00a0Juan Pablo Urruticoechea,\u00a0<\/em>CEO of Sodexo Brazil.\u00a0\u00a0\u201cLatin American businesswomen often tell me that \u2018machismo\u2019 is so pervasive in their culture that it inhibits their access to leadership roles in many organizations, so I invited male leaders primarily from this region, who are leading efforts to create a more level playing field for women in their respective companies,\u201d states Summit President Irene Natividad.<\/p>\n III. MEET THE NEW VICE PRESIDENT OF ZAMBIA President of Zambia Edgar Lungu congratulates newly-appointed Vice President Inonge Wina (Photo courtesy of Lusaka Times, 1\/25\/15)<\/em><\/strong><\/p>\n Her ensuing political career resulted in her leadership of various committees and leadership of her party.\u00a0 Under the administration of the late President Michael Sata, she served as Minister of Chiefs and Traditional Affairs.\u00a0 Later, she was moved to become Minister of Gender and Child Development, an agency promoted to a full Ministry.\u00a0 During the past election season, she became Chair of the Patriotic Front Party, now the ruling party in Zambia.\u00a0 On January 26, 2015, she was appointed and sworn in as Zambia’s new Vice President, the first woman to serve in this role in her country.\u00a0 (Source:\u00a0Lusaka Times<\/em>, 1\/26\/15)<\/p>\n To see what other women are holding top posts globally, visit\u00a0www.globewomen.com<\/a><\/p>\n IV. NEW MCKINSEY REPORT: ‘DIVERSITY DIVIDEND’ AT WORK<\/strong><\/p>\n The new study looked at 366 large public companies primarily in the Americas — U.S., Canada, U.K., Brazil, Mexico, and Chile — and examined the gender diversity and ethnic\/racial diversity on the boards and senior management of those companies during a three-year period.\u00a0 Those at the top end with greater diversity saw 30% higher financial returns than their peers, while those at the lower end were less likely to achieve above-average returns.\u00a0 The study findings imply that diversity is a competitive differentiator that shifts market share to more diverse companies.\u00a0 The researchers note that “most organizations have work to do in taking full advantage of the opportunity that a more diverse leadership team represents, but given the increasing returns that diversity is expected to bring, it is better to invest now, as winners will pull further ahead and laggards will fall further behind.”\u00a0 (Source: Joann Lublin, “New Report Finds a ‘Diversity Dividend’ at Work,”\u00a0Wall Street Journal<\/em>, 1\/20\/15)<\/p>\n Don’t miss the 2015 Global Summit of Women in Sao Paulo Brazil!<\/strong><\/p>\n France’s Minister for Women, Cities, Youth, and Sports Najat Vallaud-Belkacem hands over the Summit to Brazilian delegates\u00a0at the Closing Ceremony of the 2014 Summit in Paris.<\/p>\n Subscribe\u00a0by\u00a0clicking here<\/a>.<\/strong><\/p>\n
\n<\/strong>II. MEN LEADING DIVERSITY: THE BUSINESS CASE
\n<\/strong>III. MEET THE NEW VICE PRESIDENT OF ZAMBIA
\nIV. NEW MCKINSEY REPORT: ‘DIVERSITY DIVIDEND’ AT WORK\u00a0<\/strong><\/p>\n
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\n<\/strong>\u00a0Sao Paolo, Brazil will play host to the\u00a02015 Global Summit of Women,\u00a0<\/em>which will be celebrating its 25th<\/sup>\u00a0anniversary on May 14-16th as a cross-border business\/economic forum which features solutions and strategies that advance women\u2019s economic status worldwide.\u00a0\u00a0While in its quarter-century history, the Summit has been useful to participants as a platform from which to form business alliances with colleagues from other economies or to gain new ideas for advancing themselves and others in their own countries or their companies, this global gathering has also connected women\u2019s needs with resources.<\/p>\n![\"\"](\"https:\/\/globewomen.org\/globalsummit\/wp-content\/uploads\/2017\/08\/sjk-kosovo-photo.png\")
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\n<\/strong>\u00a0Women giving a leg up to other women may be its focus, but under the principle that \u2018gender parity is not just a women\u2019s issue\u2019, the Global Summit of Women inaugurated a male CEO Forum at its gathering in Paris in 2014.\u00a0\u00a0Well, a similar group of male corporate leaders will be engaged in a continuing dialogue on what CEOs can do to accelerate women\u2019s access to leadership roles, the impact on a company\u2019s financial performance when there are more women senior executives and board directors, and what their respective companies have done that has worked in moving the needle on these issues at the 2015 Summit to be held in Sao Paolo from May 14-16th<\/sup>.<\/p>\n![\"\"](\"https:\/\/globewomen.org\/globalsummit\/wp-content\/uploads\/2017\/08\/2-1.jpg\")
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\n<\/strong>Out of 11 women Presidents globally, two come from Africa — Ellen Johnson Sirleaf of Liberia and Catherine Samba-Panzo of the Central African Republic.\u00a0 The region now boasts not a new President, but a newly-appointed Vice President in Inonge Mutukwa Wina, whose ascension results in a total of 8 women serving in this role in different parts of the world.\u00a0 Elected to Parliament in 2001, Vice President Wina was a long-time activist for women who headed up various non-governmental organizations like the YWCA, where she promoted a women’s human rights agenda and the establishment of the Women’s Support Unit in the\u00a0Zambian Police Service.<\/p>\n![\"\"](\"https:\/\/globewomen.org\/globalsummit\/wp-content\/uploads\/2017\/08\/President-Edgar-Lungu-Inonge-Wina-6.jpg\")
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There is now an ever-expanding set of studies that show the financial bottom line impact of gender diversity and diversity as a whole.\u00a0 A 2007 McKinsey study that showed better financial performance in companies where women are in greater numbers in senior executive and board director roles has been repeated and much quoted in the ensuing years by researchers and business leaders alike.\u00a0 In a new edition of their study called “Diversity Matters”, McKinsey found fresh data showing again that diverse companies perform better financially, are able to win top talent, and are best able to improve customer orientation, employee satisfaction and decision-making.<\/p>\n
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