DAVOS, Switzerland (Reuters) – Davos Man is being urged to broaden his circle, to include more women.
With no queues for women at the bathrooms and corridors filled with men in suits, the World Economic Forum in the Swiss Alps may not reflect the real world, but it does reflect the upper echelons of corporate life.
Justin Trudeau, Canada’s new prime minister, challenged Davos Man, the nickname for the global business and political elite who gather every winter to talk about solving the world’s problems, to follow his lead.
The 44-year-old used a quota to achieve a gender-balanced cabinet.
“The role we have as men in supporting and demanding equality and demanding a shift is really, really important,” said Trudeau.
Of the 2,500 participants at this year’s conclave of chief executives, central bankers and billionaire investors, only 18 per cent were women, a touch above the 17 per cent global average for female representation on corporate boards.
Veterans of the WEF meetings say things have improved from the early days when they were frequently the only women in the room.
Beth Brooke-Marciniak, global vice chair of public policy for consultancy EY, hosted the first women’s event in Davos ten years ago. Seven hundred people turned up.
“We did it purposely to poke a finger in the eye of WEF and say, ‘Have you noticed there is only a handful of us?’”
Since then, the organisation has striven to change the makeup of conference attendees through partnerships with about 100 companies, including Thomson Reuters, the parent of Reuters News.
These firms are entitled to bring four delegates, but if one is a woman they get an extra place. The problem is the short supply of women at senior levels of management.
As a result, the percentage of women represented in the strategic partners’ group has more than doubled to 20 per cent from 9 percent in 2011 when the quota system was introduced, a WEF spokesman told Reuters yesterday.
“Ultimately, our aim is to provide leaders with the tools to enable them to create equal opportunities for both men and women” the WEF spokesman said.
The dominance of men at this year’s meeting was reflected in one privately-organised, all-male panel on diversity.
