{"id":9565,"date":"2017-04-03T11:47:55","date_gmt":"2017-04-03T15:47:55","guid":{"rendered":"https:\/\/globewomen.org\/globalsummit\/?page_id=9565"},"modified":"2018-02-02T15:10:59","modified_gmt":"2018-02-02T20:10:59","slug":"march-31-2017-no-ccxlxii","status":"publish","type":"page","link":"https:\/\/globewomen.org\/globalsummit\/march-31-2017-no-ccxlxii\/","title":{"rendered":"March 31, 2017; No. CCXLXII"},"content":{"rendered":"

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\nMarch 31, 2017; No. CCXLXII<\/h2>\n

THIS ISSUE’S HIGHLIGHTS:
\nI.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 WHERE WOMEN-OWNED BUSINESSES THRIVE
\nII.\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0 CEOS IN FASHION INDUSTRY AT 2017 GSW
\nIII.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 ASPIRATIONS OF WORKING WOMEN DROP AT SENIOR LEVEL
\nIV.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 CALL FOR MORE DIVERSITY IN NEWSROOM<\/em><\/strong><\/h2>\n
\n

I. WHERE WOMEN-OWNED BUSINESSES THRIVE<\/em><\/strong><\/h2>\n

\"\"While women\u2019s entrepreneurship is often founded on necessity and grit, access to financial services and ease of doing business are conditions often necessary for women in business to progress<\/strong><\/em>, according to the recently-released Mastercard Index of Women Entrepreneurs.<\/p>\n

The Index found that more developed countries with robust small and mid-sized business communities along with a high quality of governance lead to more opportunities for women entrepreneurs to strive.\u00a0 Countries leading the Index are New Zealand, Canada, the U.S., Sweden, and Singapore,<\/em><\/strong> where women entrepreneurs tend to thrive.<\/p>\n

On the other hand, emerging economies such as Uganda, Bangladesh, and Vietnam have some of the highest percentages of women entrepreneurs, often driven by necessity as opposed to being inspired by business opportunities.<\/p>\n

\u201cThe prevalence of ambitious, resourceful women should be regarded as a prime business opportunity,\u201d said Martina Hund-Mejean, Chief Financial Officer for Mastercard.<\/p>\n

According to the Index, some of the biggest obstacles that hinder women from starting businesses include lack of funding, regulatory restrictions, lack of entrepreneurial drive, socio-cultural restrictions, and lack of training.<\/em><\/strong>\u00a0 (\u201cSheer Grit Spurs Women Entrepreneurs, but Supporting Conditions are Crucial for Them to Thrive,\u201d Mastercard Press Release, March 7, 2017)<\/p>\n

Successful strategies for addressing these hurdles will be found in Entrepreneurial track sessions at the 2017 Global Summit of Women, the \u2018Entrepreneurs Forum\u2019 featuring top women business owners, as well as in a special session on \u201cAccelerating Entrepreneurship\u201d on May 11-13 in Tokyo. <\/em><\/strong>To view the full Summit program, <\/em><\/strong>click here<\/a> .<\/em><\/strong><\/p>\n

\n

II. CEOs IN FASHION INDUSTRY AT 2017 GLOBAL SUMMIT OF WOMEN<\/em><\/strong><\/h2>\n

Over 1,000 women leaders in business and government from over 60 countries are gathering in Tokyo, Japan for the 2017 Global Summit of Women from May 11-13<\/em><\/strong>.\u00a0 Under the theme of Beyond Womenomics:\u00a0 Accelerating Access, <\/em>the Summit features global and national initiatives which speed up women\u2019s access to economic opportunities and leadership roles, while marking the innovation and creativity that women bring to the global marketplace.\u00a0 The innovation, creativity, and successful entrepreneurship of women around the globe is epitomized in four icons from the fashion and design industry who will be sharing their experiences in a featured session at the Summit \u2013 \u201cThe Business of Fashion and Design.\u201d<\/p>\n

\"\"

Presenters in session on “Business of Fashion and Design”:
Sung Joo Kim, Hiroko Koshino, Josie Natori, Xia Hua<\/center><\/p><\/div>\n

The four speakers are all leading figures in the business and fashion worlds in their country and globally.\u00a0 Sung Joo Kim<\/em><\/strong> is the Founder and Chair of the Sungjoo Group, Korea\u2019s fashion industry leader, and Chair and Chief Visionary Officer of MCM Holdings<\/em><\/strong>, Germany\u2019s leading luxury brand whose products are coveted throughout the world.\u00a0 In addition to her entrepreneurial pursuits, she is also President of the Korean Red Cross.\u00a0 Hiroko Koshino<\/em><\/strong>, Founder of Hiroko Koshino Inc.,<\/em><\/strong> a legend in the Japanese fashion industry for over 50 years, has played a major role in bringing Japanese haute couture fashion to a global audience through her shows throughout Europe, the US, and Asia, and through her mentorship of younger Japanese designers.<\/p>\n

From the United States, Josie Natori found a niche in high-end intimate apparel when she started The Natori Company<\/em><\/strong> in 1978 and grew the eponymous brand which is found in leading department stores in dozens of countries.\u00a0 Also joining the panel is Xia Hua from China, Founder and Chair of the Eve Group<\/em><\/strong>, which encompasses several high-end clothing brands focused on integrating traditional handcrafts with international fashion elements. The company currently operates over 500 stores across China<\/p>\n

\u201cNot only are these women successful in business,\u201d says Summit President Irene Natividad, \u201cThey have also centered their careers on elevating all women.\u00a0 The Summit is pleased to provide to its global audience the wisdom of these leading businesswomen who will further inspire the attendees to successfully expand their own businesses, while never forgetting to serve their communities.\u201d<\/p>\n

For more information on the Global Summit of Women and to see who else will be participating, visit www.globewomen.org\/globalsummit<\/a>.<\/em><\/strong><\/p>\n

\n

III.\u00a0ASPIRATIONS OF WORKING WOMEN DROP AT SENIOR LEVEL<\/strong><\/em><\/h2>\n

Globally, the majority of women in the early stages of their professional career aspire for executive leadership, but ambition drops at the senior level.<\/em><\/strong>\u00a0 This is a key finding from a recent report on working women\u2019s ambitions and motivations conducted by EgonZehnder.\u00a0 The survey finds that as seniority increases, women feel that promotions become increasingly challenging to obtain in the face of a greater need to overcome gender bias in the workplace.<\/p>\n

The level of ambition does vary by country, though it is typically higher in developing economies, such as Brazil where 92% of women aspire to reach executive ranks.\u00a0 This compares to 62% of U.S. women in junior or middle manager levels sharing the same aspiration.<\/p>\n

Parents, both mothers and fathers, are credited with having the greatest influence on women\u2019s careers globally, showing that early support is critical to a woman\u2019s success. The role of a husband or father as a strong influence on women\u2019s career ambitions highlights the importance of positive male support<\/em><\/strong>.<\/p>\n

However, as women move up the ranks, there are fewer opportunities for advocacy and mentorship.\u00a0 (\u201cEgon Zehnder Leaders and Daughters Global Survey,\u201d Feb 27, 2017).\u00a0 At the 2018 Global Summit of Women, four male CEOs who are strong advocates for women\u2019s access to corporate leadership are featured in a discussion forum on \u201cLeading Diversity from the Top\u201d, chaired by Angela Mackay, Managing Director of the Financial Times Asia.<\/strong><\/em><\/p>\n

\"\"

Male CEOs at 2016 Global Summit of Women in Warsaw, Poland<\/center><\/p><\/div>\n
\n

IV. CALL FOR MORE DIVERSITY IN NEWSROOM<\/strong><\/em><\/h2>\n

\"\"<\/p>\n

The annual Women\u2019s Media Center report on the \u201cStatus of Women in the U.S. Media\u201d shows that men continue to dominate the reporting of news on TV and in print<\/em><\/strong>.\u00a0 On TV, men report 75% of broadcast news and in U.S. newspapers have 62% of bylines.\u00a0 (Women\u2019s Media center, \u201cDivided 2017,\u201d March 22, 2017).<\/p>\n

However, employees at the Wall Street Journal<\/em> — a leading source of business news in the U.S. and globally — are trying to bring about greater gender parity in the newsroom.\u00a0 160 employees of the newspaper have sent a letter to senior editors pointing out the company\u2019s lack of diversity, citing that \u201cdiversity is good for business.\u201d<\/p>\n

The employee\u2019s letter also points out the gender pay gap in which female employees earn 86.8% of what men earn, a gap which is even larger for minority men and women at the paper.\u00a0 Staffers are asking for diversity in hiring, more workplace flexibility and more transparency regarding salaries.\u00a0 (\u201cWSJ Staffers Sign Letter Criticizing the Control White Men Have Over the Newsroom,\u201d Business Insider<\/em>, March 28, 2017)<\/p>\n

Lack of diversity in media outlets does not just affect workplace conditions, but also how and what issues are reported.\u00a0 Women\u2019s Media Center research finds a connection between the gender of the journalist and the news stories covered, as well as the use of diverse experts as sources and commentators.<\/p>\n

\n

\"Enews11\"<\/p>\n

BE A PART OF THE<\/strong>
\n 2017 GLOBAL SUMMIT OF WOMEN<\/strong><\/p>\n

TOKYO, JAPAN<\/strong>
\n MAY 11-13, 2017<\/strong><\/p>\n

\n

Subscribe to the latest GlobeWomen e-Newsletters by <\/strong>clicking here<\/strong><\/a>.<\/strong><\/p>\n

\n

CONTACT US<\/strong>
\n<\/em>Global Summit of Women
\n1100 G St. NW, Ste.\u00a0700
\nWashington, DC 20005\u00a0 USA
\ntel: 202-835-3713 \/ fax: 202-466-6195
\n<\/em>email: <\/em>summit@globewomen.com<\/em><\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

March 31, 2017; No. CCXLXII THIS ISSUE’S HIGHLIGHTS: I.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 WHERE WOMEN-OWNED BUSINESSES THRIVE II.\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0 CEOS IN FASHION INDUSTRY AT 2017 GSW III.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 ASPIRATIONS OF WORKING WOMEN DROP AT SENIOR LEVEL IV.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 CALL FOR...<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-9565","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/globewomen.org\/globalsummit\/wp-json\/wp\/v2\/pages\/9565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globewomen.org\/globalsummit\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/globewomen.org\/globalsummit\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/globewomen.org\/globalsummit\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globewomen.org\/globalsummit\/wp-json\/wp\/v2\/comments?post=9565"}],"version-history":[{"count":3,"href":"https:\/\/globewomen.org\/globalsummit\/wp-json\/wp\/v2\/pages\/9565\/revisions"}],"predecessor-version":[{"id":15014,"href":"https:\/\/globewomen.org\/globalsummit\/wp-json\/wp\/v2\/pages\/9565\/revisions\/15014"}],"wp:attachment":[{"href":"https:\/\/globewomen.org\/globalsummit\/wp-json\/wp\/v2\/media?parent=9565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}