The Female Quotient: Insights From Davos Through The March
Last Sunday, on my flight to the World Economic Forum, I came across an article entitled, “Davos Makes Glacial Progress in Hike Towards Gender Balance”. Having since spent time on the ground in Davos, I am thrilled to report the glacier is thawing and I am confident that next year’s coverage will highlight progress being made.
To its credit, the WEF reached out to The Female Quotient in 2015 as part of its efforts to proactively change the gender ratio (less than 20% women) of its flagship event. In its second year, TFQ at Davos doubled in size and produced three full days of standing room only panel discussions. With participants including Sheryl Sandberg, Paul Polman and Cherie Blair covering topics ranging from “Why Diversity is a Business Imperative” to “Rebooting the Future” to “The Future of Work”, The TFQ Lounge was a “Can’t Miss” destination along the Promenade.
So much ground was covered in three days that a true recap could fill the pages of a Thomas Friedman book (btw, he was on a panel with us this year! #fangirl). Luckily for you, much of the content was taped and will be made available via TheFemaleQuotient.com. In the meantime, below are three topical highlights.
1) Inclusion and Equality in the Workplace – THE HOW:
The general consensus of all discussions was that we have been admiring the problem for the past few years, and now is the time to walk the talk. In the lounge, we heard from executives at some of the companies leading the way, including Salesforce (the gold standard), CA Technologies, Unilever, Facebook, Tradeshift, and more.
Devin Wenig, CEO of eBay, told us he made achieving pay parity part of eBay’s overall business agenda and implemented metrics and targets to measure progress, just as he does any core business agenda. This proved successful as eBay, one of the first public companies to publish pay data, recently announced that it achieved 100% pay parity.
To help move the conversation from lip service to impact, The Female Quotient, in partnership with Catalyst and Atlantic Media Strategies, announced the launch of “The Modern Guide to Equality.” The document, available online here, is a practical starting point for advancing equality in the workplace and is meant to become a living, breathing destination for thought and action-sharing.
2) Leadership in the Age of Millenials and the 4th Industrial Revolution
The definition of leadership, along with the traits that make for a good leader, is changing. As our world is rapidly being reshaped (demographic shifts, industry transformations, advances in technology, science, communication, etc.), we must reshape ourselves, our communities, our companies, and our countries in order to thrive and excel in this new paradigm. Gone are the days of the “carrot and stick” and “command and control” leadership tactics. Compassion, humility, collaboration, inclusion were the phrases most oft-repeated as traits required of leaders.
Indeed, whether they had read The Athena Doctrine or not, CEOs and leaders across Davos were touting the importance of feminine leadership traits. Luckily for us, the author John Gerzema is a friend of TFQ and joined us for a private dinner we threw for CA Technologies in our Lounge.
3) Getting Back to the Basics: The Golden Rule
Also known as the Law or Reciprocity or “Do unto others as you would have them do unto you,” The Golden Rule has been a core tenet of cultures and religions since the beginning of time. Unfortunately, I think we can all agree that, in recent times, compassion and tolerance do not seem to be “ruling” our collective hearts or minds.
The good news: there is a call to action happening now – post 2016 and in response to Drumpf, Brexit, and increases in hate crimes, terror attacks, species extinction, etc. – that humanity band together to accept our differences and to live compassionately and sensitively toward ourselves and others. Put more simply, we’re bringing The Golden Rule back.
For more on this read our amazing panelists’ books:
“Imaginal Cells: Visions of Transformation”, curated by Kim Pollman and Stephen Vasconcellos-Sharpe.
“Thank You for Being Late” by Thomas Friedman.
As I type this I am back on a plane, heading home to LA. It has only been a week, but feels much longer. Not only has the most female-attended World Economic Forum passed, the largest Women’s March/Rally in history has taken place. Both have left me inspired, energized and with a renewed sense of hope and faith in humanity.
The March embodied so much of what was discussed in the TFQ Lounge at Davos. Certainly, it was organized by compassionate leaders across the world and reached epic participation rates (women AND men) because so many of us believe in standing up, and standing together, for inclusion and equality and compassion and love. One of the mantras of the Girls Lounge, which Shelley, the CEO, repeats often is, “Alone we have power, together we have impact.” Never have those words rang so true.
For those asking what now? The answer is, “we keep at it.” We stay united, engaged and activated every single day. Creating diversity and equality in the workplace will take time, as will realizing the changes we would like to see in our country and world. I will end by paraphrasing Thomas Friedman’s advice for making it through these challenging times: 1) Play the long game and avoid short-termism, 2) Wake up everyday and be a positive, active force in your immediate community, and 3) Live by The Golden Rule.Diversity/Equality Founders/Startups
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