Catalyst Census 2012
The 100 largest publically-traded companies in Israel have only eight female CEO’s.
More than half of the population is represented in only twenty of these companies. In the absence of legislation, women’s representation on boards of directors will not go up.
The annual Catalyst Census Report was published today in Israel for the third consecutive year – the Index examines the representation of women in Israel’s leading companies (Tel Aviv 100 Index). This global index in Israel is a joint initiative by Strauss Group and the Israel Women’s Network.
The 2012 Census clearly shows that in the past year there was an increase of 75% in women CEOs of leading companies, in which they constitute only 7.9%, still women are not adequately represented in management. The Index further shows that women only hold 20% of management positions in the largest companies, serve as board members in only about 16% of them and head boards in only three companies in the Israeli economy.
Israel ranks fourth in the world (16.6%) in the presence of women on Boards of Directors among all the countries reviewed.
Ofra Strauss: “Equal burden will not be achieved if equal opportunity is not applied in society. Integration of women in managerial positions in the Israeli economy is inseparable from Israel’s journey to better utilization of labor resources andto improved competitiveness. The decision to start measuring the percentage of women in senior managerial positionsamong publically-traded companies in Israel resulted from the recognition that this is a managerial tool. Clearly, the jointforces of the business, governmental and social sectors can lead to the removal of barriers that prevent women fromreaching senior management positions. Challenges are not exclusive to one sector, whether business or public. Our goalin this report is to put a spotlight on the business sector, where the issue of empowerment of women through economic empowerment is critical. The discussion on both a sector and a gender is part of this important dialogue. We aim to encourage long-term processes that can remove the barriers for women by providing opportunities and creating partnerships across sectors.”
Dr. Galit Desheh, Executive Director of the Israel Women’s Network: “The Catalyst initiative constitutes another step in the complex process of promoting women’s rights to equality in the labor market and to appropriate numerical and professional representation in decision-making teams in the business sector as well. Representation rates of women in senior managerial positions and on boards of directors are still very low. Israeli society, in its quest for equal rights, is committed to promoting the connection between education, earnings and the right for personal and cultural fulfillment, and to creating equality for women which is manifested not only in the definition of rights, but also in actual performance.”
The complete Index was published and launched at the Equal Employment Opportunity Conference. On behalf of the Chairperson of Strauss Group and CEO of the Israel Women’s Network, the Index is passed on to heads of Tel Aviv 100 companies, heads of parliamentary groups and parliamentary members of the 19th Knesset.
- Catalyst Census 2012- Representation of women among Tel Aviv 100 Index companies
This pyramid clearly illustrates the great lengths women have to go in order to have equal position in the business world.The bottom of the pyramid shows a seemingly equal picture of women’s presence in the labor world. Women todayconstitute about half of the labor force in Israel. However, when we examine the distribution of occupations, jobs and education, we see that even the bottom of the pyramid shows significant gaps in wages, job volumes, retainment at olderages and, of course, the fact that women constitute the best part of service providers and minimum wage earners. Gaps between women and men in the labor market become more significant as we go up the pyramid.
The percentage of women on boards of directors in Israel is 16.6%, which puts us at fourth place in the world among the reviewed countries, similar to last year. Countries with a higher percentage of women on boards are Norway, Sweden andFinland, that enacted laws regarding women’s permitted representation – boards with less than 40% of women are required to be liquidated.
The Index further shows –
Organizations are willing to “gamble” more on men and their potential than onwomen
Catalyst studies in the world find that the problem is not lack of desire on the part of womento move forward, but the fact that they are stalled, compared to men, by their organizations, and, effectively by social, managerial and cultural perceptions.
Most women who reach senior management positions come from within the organization.More men who reach senior management positions are located outside the organization.They perform faster “role-jumping” and are measured on their managerial and professionalpotential, not only on performance. Organizations, therefore, “gamble” more on men.
In Israel – The results of our study, which examines how many men and women reach senior management positions in and from within the organization, compared to how men and women reach senior management positions from outside – supports this claim. The percentage of people who reach senior management positions from outside of the organization, in companies listed on the Tel Aviv 100 Index, stands at 53% among men and 46% among women.
- Catalyst is an international nonprofit organization founded in the U.S.A. in 1962, which has made it its goal to expand the representation of women in the business world and in executive positions.
- The organization strives to realize its vision, “Changing workplaces. Changing lives”, by expanding the range of opportunities for women and businesses, and it is guided by the values “Connect, Engage, Inspire, Impact”.
- The organization has expanded its activities to Canada, Europe and Japan.
- Catalyst acts to realize its vision and goals through collaboration with the business world.
- Today, more than 400 companies, firms, business schools and associations from around the world, employing millions of women, are members of Catalyst. Members benefit from the organization’s expertise, its extensive network that embraces the global business world, and the many sources of information in its possession.
- The organization’s major work practices are the following:
- Diverse research studies, carried out according to the unique research methodology developed by the organization. The studies examine competencies, skills and the experiences of women in business, barriers to their career advancement, and strategies. The most important of these studies is the Catalyst Census, which is performed all over the world.
- Publications. The organization collects and publishes up-to-date information on proven diversity and inclusion practices and on innovative strategic initiatives for the successful inclusion of women in senior management positions, which have been implemented by business firms and provide successful models for change.
- Business consulting to companies on subjects relating to diversity of the human capital and the formulation of innovative strategic initiatives for the integration of women in senior executive positions.
- The annual Catalyst Award, which is presented to companies that have successfully assimilated a human diversity policy. Among the companies which have won the award in recent years are McDonald’s, Deloitte, PepsiCo, Nissan, BP and more.
The Catalyst Census
- The Catalyst Census, which is performed each year in countries all over the world, including the U.S.A., Canada, Europe, South Africa, Australia and Japan, in complete alignment with the organization’s unique research methodology, is designed to track the status of women’s employment in business companies and to study the correlation between women’s share of corporate officer and board director positions, and the business results of those corporations in the long term.
- The Census examines the compatibility between the number of women executives and corporate performance in a variety of industries (in the U.S.A., Fortune 500 companies), and focuses on the three major financial measures: return on equity, return on sales, and return on invested capital.
- Catalyst Censuses demonstrate that business companies that included more women in their senior managements and boards of directors achieved significantly better business results than did firms that did not adopt this practice.
- It was found that the advancement of diversity in the human capital is beneficial to companies’ business.
The Israeli venture has made it its goal to advance more women in senior positions in the business world, in the belief that this is the path to a flourishing economy and a healthy society.