Issues Track: Women on Corporate Boards Roundtable Best Practices France (June 2013) Carol Lambert Ethics & Governance Leader Deloitte France
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
Professional Equality The French journey 60 years after the ratification of ILO Convention no. 100 40 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 1983 1989 2001 2006 2008 2010 2011 2012 2017 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, 2010 2009 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. 2010 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). 1957 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
Gender equality in the workplace The French approach 2011 2010 2008 2006 2001 1989 1983 1982 1975 1972 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
Women on Corporate Boards Impact of the Copé-Zimmermann Law 28.1%* CAC 40 SBF 80 20.8%* 20.0%** 23.4%* 22.5%*** 15.3%* 14.8%** 12.7%** 10.2%* 10.5%* 8.5%* 2007 2008 2009 2010 2011 2012 2013 Sources: *Capitalcom, June 05,2013; ** AFEP-MEDEF Annual Reports, *** Ethics&Boards March 01, 52013Issues Track: Women on Corporate Boards Roundtable
Women in executive positions the next target Source: Feb. 1, 2013 8.45% 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
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
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
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