Issues Track: Women on Corporate Boards Roundtable Best Practices France (June 2013) Carol Lambert Ethics & Governance Leader Deloitte France

Transcription

1 Issues Track: Women on Corporate Boards Roundtable Best Practices France (June 2013) Carol Lambert Ethics & Governance Leader Deloitte France

2 Issues Track : France Women on Corporate Boards Roundtable - Best Practices Professional equality the French journey Gender equality in the workplace the French approach Women in the boardroom the impact of the quota low Women in executive position the next target The momentum created by the Cope Zimmermann law Women in corporate board : a Deloitte issue of focus 2 Issues Track: Women on Corporate Boards Roundtable

3 Professional Equality The French journey 60 years after the ratification of ILO Convention no years of intense legislative activity 1972 Principle of equal pay introduced into the French Labor Code Supported by the efforts of the EU and International Institutions 1975 Equality in recruitment 1982 Principle of non discrimination in the workplace 1979 United Nations Roudy Law Transposition of EC Directive 76/207 on the equal treatment of men and women in the workplace, introduction of a Comparative status report (7 areas) Collective bargaining principle applied to workplace equality issues 2000 United Nations / European Union Genisson Law Collective bargaining principle applied at sector level and strengthening of the Comparative status report 2005 Norway Equal pay to be achieved within 5 years, by Dec 31, Netherlands Transposition of various European provisions against discrimination introduced into the French Labor Code Retirement Act Strengthening of the Comparative status report, introduction of sanctions in the absence of an action plan 2011 France Malaysia Introduction of quotas Copé- Zimmermann Law Quotas for Boards of Directors annual discussion of the equality policy Appl. Decree for Art. 99 of the Law of Oct Sanctions 2013 French goal At least 40% Women on Boards of Directors Effective application of legislation in favor of professional equality in the workforce including at Board and Executive levels Millennium Development Goals, Women Empowerment Principles. Gender equality part of the Charter of European Fundamental Rights (enforced by the Lisbon Treaty in 2009) European Union 1951 ILO Convention on the elimination of all forms of discrimination against women Rome and Amsterdam Treaties (equal pay principle and gender equality as part of EU areas of actions) Equal Remuneration Convention no. 100: equal pay for work of equal value 3 Issues Track: Women on Corporate Boards Roundtable

4 Gender equality in the workplace The French approach Quotas for women on Boards Role of the composition committee in succession planning Mandatory annual discussion at Board level of the company s professional equality action plan Governance level Women in Executive positions and Hipot identification Personnel initiatives and collective bargaining areas Comparative Status Report : 8 areas Professional Equality Action Plan 3 or 4 actions depending on the size of the company A mixed strategy based on the need for dialogue between equality players, supplemented by defined prescriptive requirements to help fight resistance 1. Recruitment 2. Training 3. Career development 4. Qualifications 5. Classification 6. Working conditions 7. Effective remuneration 8. Work life balance Strong political monitoring 4 Issues Track: Women on Corporate Boards Roundtable

5 Women on Corporate Boards Impact of the Copé-Zimmermann Law 28.1%* CAC 40 SBF %* 20.0%** 23.4%* 22.5%*** 15.3%* 14.8%** 12.7%** 10.2%* 10.5%* 8.5%* Sources: *Capitalcom, June 05,2013; ** AFEP-MEDEF Annual Reports, *** Ethics&Boards March 01, 52013Issues Track: Women on Corporate Boards Roundtable

6 Women in executive positions the next target Source: Feb. 1, % of women on CAC 40 Executive Committees No CEOs A maximum of 25% women 14 CAC 40 groups with no women Only 14% of women with P&L responsibilities Chairperson of the Board of Directors Chairperson of the Supervisory Board 3% 2% 5% 14% Board Chairperson 3% 5% Chairperson and CEO CEO Total Chief Executives 0% 0% 0% 6 Issues Track: Women on Corporate Boards Roundtable

7 The momentum created by the Copé-Zimmermann Law a unique opportunity for French women to stand up Development of women s networks Creation of dedicated training programs and publications Setting of global visibility Reporting Institutional and public support CDC, Medef, etc. 7 Issues Track: Women on Corporate Boards Roundtable

8 Women on Corporate Boards - A Deloitte issue of focus How to make diversity and inclusion a reality Global Country initiatives France Other countries 8 Issues Track: Women on Corporate Boards Roundtable

9 Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms. In France, Deloitte SA is the member firm of Deloitte Touche Tohmatsu Limited, and professional services are provided by its subsidiaries and affiliates. Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 150 countries, Deloitte brings worldclass capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges. Deloitte s approximately 193,000 professionals are committed to becoming the standard of excellence. In France, Deloitte calls on diversified expertise to meet the challenges of its clients of all sizes from all industries - major multinationals, local micro-companies and medium-sized enterprises. With the expertise of its 6,800 professionals and partners, Deloitte is a leading player in audit and risk services, consulting, financial advisory services, tax & legal and accounting, based on a multidisciplinary offering and a set of action principles attuned to the requirements of our environment.. Member of Deloitte Touche Tohmatsu Limited