Posted By Paul Tate, April 26, 2011 at 11:00 AM, in Category: Next-Generation Leadership and the Changing Workforce
Three major US manufacturing companies - Coca Cola, Procter and Gamble and Kraft - will be honored with special awards next month for "driving the transformation of the boardroom, corporate strategy, and shared value', and where highly-talented women are in senior strategic positions in their organizations.
The winners have been chosen by the 1,000 members of the Women Corporate Directors (WCD) groups around the world.
Proctor and Gamble, where five of the company's eleven board members are women, wins the award for Leadership and Governance.
Kraft Foods' chairman and CEO Irene Rosenfeld wins the strategic leadership award for her 'courage in making long-term and short-term strategic investments – most notably with Kraft’s acquisition of Cadbury,' says the WCD.
And Coca Cola wins an award for innovation in shared value, for its community impact work under Maria Elena Lagomasino, director of Coca-Cola and Avon Products, and CEO of GenSpring Family Offices.
“It’s about greater performance. Companies with more women directors are outperforming their peers, connecting their strategies to their communities, and innovating with the ideas and leadership of women in the boardroom,” says Henrietta Holsman Fore, co-chair of WCD and director of Theravance, Inc.
“We are at a critical point in corporate history regarding diversity in the boardroom,” adds WCD co-chair and president of PartnerCom Corporation, Susan Stautberg. “Directors must not only develop a company’s global strategy, but also be vigilant watchdogs who understand the hidden challenges of working around the world. Boards need the right men and women leaders – multi-generational, multi-national, and multi-regional. Excellence in board performance and board diversity are business and governance imperatives.”
Do you think your organization is making the most of the talented senior women executives in the manufacturing industry? Is there still a glass ceiling in the way? Should diversity be higher on your Board agenda?
Written by Paul Tate
Paul Tate is Research Director and Executive Editor with Frost & Sullivan's Manufacturing Leadership Council. He also directs the Manufacturing Leadership Council's Board of Governors, the Council's annual Critical Issues Agenda, and the Manufacturing Leadership Research Panel. Follow us on Twitter: @MfgExecutive