Events

The 2008 Catalyst Awards Dinner, sponsored by Shell Oil Company, was held on Wednesday, April 9, 2008, at The Waldorf Astoria in New York.

More than 90 CEOs joined Catalyst to honor Award-winning initiatives to advance women from ING U.S. Financial Services (USFS) and Nissan Motor Co., Ltd. Serving as Dinner Chair was Kenneth I. Chenault, Chairman & CEO, American Express Company.

ING U.S. Financial Services

ING USFS’ initiative, Beyond Diversity: Building One ING Culture, has created a unifying culture that identifies diversity and inclusion as a business imperative, increased women managers at the top-most level, and has become a model for the global organization. In 2001, recognizing the need for change, the company used a transition period of rapid acquisitions and subsequent consolidation to identify the necessary levers for culture change. ING USFS then capitalized on different talents, perspectives, and ideas to increase diversity and inclusion across all of its business locations. The resulting “One ING” culture benefits all employees, with a strategic focus to include women and other diverse groups.

Since the initiative’s inception in 2003, ING USFS has increased women’s representation on the senior management team from 25 percent to 50 percent, and currently, two executive women in profit-and-loss roles manage 80 percent of ING USFS business. Two out of three people in the succession pipeline to CEO are women, and the percentage of women in people-manager positions has increased from 45.7 percent in 2003 to 47.9 percent in 2007.

 

Nissan Motor Co., Ltd.

Nissan Motor’s Japan-only initiative, Women in the Driver’s Seat: Gender Diversity as a Lever in Japan, uses diversity to secure business success by increasing women’s participation and contribution in all areas of the business. The business case for having women as decision-makers and in positions of influence within the company was developed in response to research identifying women as influencers of two-thirds of all car purchases. With the support of many senior leaders and champions, the resulting diversity strategy focuses on three areas: engagement, education, and advancement of women.

The initiative showcases solid increases for women in positions of influence in Japan.  Since 2004, representation of women in management positions has increased from 2 percent (36 women) to 4 percent (101 women). The percentage of women managers in the design, planning, and product planning function has doubled from 4 percent to 8 percent. In the pipeline to management, women assistant managers have increased from 2 percent to 4 percent and women team leaders from 4 percent to 7 percent. The percentage of salespeople (Car Life Advisors) at Nissan-owned dealerships who are women has increased from 4 percent to 6 percent, while the percentage of women in manufacturing plants more than doubled.

The 2008 Catalyst Awards Dinner Video

 

2008 Catalyst Awards Dinner ING U.S. Financial Services' Winner Video

 

2008 Catalyst Award Dinner Nissan Motor Co., Ltd. Winner Video

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