By Tina Vasquez (Los Angeles)

Anyone’s who’s ever had to struggle or overcome extreme hardships knows the power of being resilient; the importance of being able to bounce back and keep trudging onwards. According to a new study by Accenture, resilience – or the ability to overcome challenges and turn them into opportunities – also happens to be a much-needed characteristic in the business world; one that is key to keeping your job in a harsh economy.

The global research study entitled Women Leaders and Resilience: Perspectives from the C-Suite was conducted in support of International Women’s Day and the study marks Accenture’s sixth consecutive celebration of this global celebration, which honors the economic, political, and social achievements of women past. It is the company’s hope that their female-focused research helps fuel the dialogue on key issues affecting women in the workplace.

The Findings

Accenture surveyed more than 500 senior executives – including CEO’s, COO’s, CFO’s, and CHRO’s – of mid- to large-size companies in 20 countries across Europe, Asia, North America, and Latin America. According to the research, these execs believe that women are slightly more resilient than men. Results showed that companies are providing female professionals with a variety of programs aimed at developing resilience.

Read more

By Elisabeth Grant (Washington, D.C.)

Each year the Catalyst Award recognizes businesses that support women’s advancement in the workplace. For 2010, Catalyst Awards were given to the Campbell Soup Company, Deloitte LLP, Royal Bank of Canada (RBC), and Telstra Corporation Limited. See a list of the 69 companies that have won Catalyst Awards since 1974 on the Catalyst web site.

Companies apply for the award by submitting initiatives to Catalyst that promote “recruitment, development, and advancement of all women.” The Catalyst Awards Committee then evaluates each initiative through on-site visits and “interviews and focus groups with executive management, high-level women, human resources professionals, and other employees at various levels.” Through the evaluation process initiatives are judged on six factors (from the Catalyst web site):
Read more

By Tina Vasquez (Los Angeles)

This year the iconic publication Black Enterprise (BE) celebrates its 40th anniversary. Since 1974 the magazine has featured prominent African American business women in a way that other publications have failed to. In 1991, the magazine published its groundbreaking list of the “21 Women of Power and Influence in Corporate America.” In 2006, it was a list of the “50 Most Powerful Women in Business.”

BE rang in 2010 with their most comprehensive list to date, profiling the “75 Most Powerful Women in Business,” as written by BE’s careers and lifestyle editorial director Sonia Alleyne. Alleyne’s rundown of the most prominent African American business women made its way into the hands of the publication’s nearly 3.7 million loyal readers and it is her hope that seeing successful, strong, black women will influence some of the publication’s struggling female readers to continue their fight.

“[We honor these women] to show that it is possible. The benefit men have in business, particularly in the corporate environment, is that they have so many role models; successful men who recognize potential in other young men and offer the necessary support and guidance to make sure they succeed as well. Women have historically operated outside of that network, but when we highlight women who have made it to the senior ranks of an organization or in their own business, it serves as a powerful source of inspiration to others who might be silently struggling in their companies wondering if it’s possible – or if it’s even worth the effort,” Alleyne said.

Read more

Image courtesy Bank of America

By Melissa J. Anderson (New York City)

Last night, the Financial Women’s Association hosted a discussion with Sallie Krawcheck, President of Global Wealth & Investment Management for Bank of America, as part of the organization’s Distinguished Speakers Series.

The candid (and often humorous) discussion touched upon career development, the state of the financial services industry, trust, and what it means to be in transition. The point Krawcheck kept returning to, though, was the importance of keeping a long term view – both in terms of the markets and in professional growth.

Regarding the state of the financial industry’s efforts to advance women in leadership positions, she said, “The industry has been working on it for a while. Progress in some years is good, and in other years it is limited.”

Many companies in the financial services industry operate in a state of crisis, she explained, working to beat quarterly results, rather than looking out for the long term good of the firm. And this behavior transfers to the firms’ hiring processes as well. Because these banks are constantly in crisis mode, managers choose to promote the so-called safe choices – people who look and behave similarly to the ones already in charge. “This goes against giving people who not just look different, but think differently” opportunities for promotion, Krawcheck said.

Read more

By Elizabeth Harrin (London)

It’s been ten years since Cranfield School of Management first produced a report benchmarking the number of female executive directors on the corporate boards of the UK’s top 100 companies. This time the authors of the Female FTSE report has gone a step further – perhaps to celebrate a decade of highlighting the paucity of women at the top – and put together a list of women to watch.

There are 2,281 women (which is 404 more than last year) on the corporate boards, executive committees and senior teams in the FTSE 250. The ‘Women to Watch’ report identifies 100 women in that group, chosen from the largest organisations, whom the authors believe should be seriously considered for the most senior positions.

The Glass Hammer has picked out the financial services high fliers – women you should be watching out for in 2010. Is anyone at your company on the list?

Read more