This month, we’ve wondered why it’s men who have most of the by-lines in North American magazines; why men and women differ on the existence of the glass ceiling in the UK; and whether gender quotas will take off in Italy. And, some positive advice from Campbell Soup President and CEO (and Catalyst Board member) Doug Conant.

Where are the women?

The women’s literary organization VIDA has shown that men still outnumber women as contributors to mainstream news and current affairs magazines. And the gap widens when we look at reviews of books by men compared with books by women—and the reviewers.

READ: “Women at Work,” by Meghan O’Rourke, Slate, February 2, 2011.

Still looking….

Michael Enright leads a panel of U.S. and Canadian magazine editors in a discussion of the reasons that men continue to outnumber women as contributors to magazines.

LISTEN: “Too Few Women in Publishing,” with Michael Enright, Sunday Morning, CBC Radio, February 20, 2011.

Glass ceiling? Maybe you have to bang your head.

A survey in the UK suggests that women in management are very conscious of the glass ceiling, while the men they work with think it’s disappeared. (Or maybe the accompanying photo suggests a context for the difference!)

READ: “Female Managers Say Glass Ceiling Intact—Survey,” BBC News, February 21, 2011.

Quota battles universal?

The most recent nation to engage in a battle for quotas to close the gender gap on boards is Italy. Let’s hope we don’t waste too much energy on arguing about the “how” that we never get to “when”!

READ: “Plan to Put More Women on Italy Boards at Risk,” by Lisa Jucca, Reuters, February 17, 2011.

And, some uncommon sense!

An experienced business leader shares some practical tips on recognizing employees in a meaningful way. Like other successful management practices, it takes thought and effort, but read the comments to see how effective it can be!

READ: “Secrets of Positive Feedback,” by Douglas Conant, Harvard Business Review, February 16, 2011.

TD Bank Financial Group President and CEO Ed Clark is on a roll. First, he was the inaugural The Catalyst Canada Honours Champion in the Company/Firm Leader category.  Now, he’s been named the 2010 Canada’s Outstanding CEO of the Year.

Coincidence?  Not likely.  Ed’s professional success is based in his understanding of and commitment to the community. He’s one of those progressive leaders who understand that businesses do better when their senior people reflect the diversity of their customers. His personal example has supported a business culture that nurtures and advances talent across the organization. 

It’s that commitment to eliminating barriers to the advancement of women that has made him a good friend to Canadian women in business.

And TD’s business performance proves he’s right!

We’re thinking you should be watching The Catalyst Canada Honours this year—we aren’t saying there’s a correlation, but we do know that what’s good for women is good for business!

I’ve been reading, as I’m sure you have, the breathless media coverage about today’s well-paid young women. You know, the one who makes more than her boyfriend. These reports are enthusiastic, optimistic—and wrong.

The young woman may make more money than her boyfriend, but the chances are that she makes less, and is in a lower position within her company, than the men she graduated with. Catalyst research, which followed 4,000-plus M.B.A. graduates from top schools around the world, shows a far less rosy picture.

Women started their careers in lower levels than their male counterparts. And they earned approximately $4,600 less per year than the men they had graduated with, even accounting for the fact that they were starting in lower levels.

The initial inequity persists and the pay gap grows throughout their careers. And who are the losers? The women who don’t get the opportunity to achieve their full potential, and earn accordingly, of course.

But, equally seriously, Canadian businesses and the Canadian economy also suffer from the failure to put all our talent to work.

Progressive business leaders, faced with research like Catalyst’s Pipeline’s Broken Promise, question the myth that time and education would sort out the gender inequities. We’ve given it time. Women now earn over half of university degrees in Canada, and make up almost half the workforce.

But the representation of women in executive ranks is not keeping up with women’s educational achievements or presence in the workplace. And women with university degrees still earn only 63 cents for every dollar earned by men.

Business leaders know they can’t put faith in the one-off studies that put women suddenly at the top of the pay heap. And they don’t share the excitement of some media reports about research that show a leisurely climb to equity in 30 years.

They know we can’t afford to wait because they know the competition—across the street or around the globe—is paying and promoting its best talent, regardless of gender.

That’s why they’re introducing mentoring programs for employees, and changing corporate policies that disadvantage women.

Let’s celebrate our progress. But let’s understand that we still need to overcome some tough barriers. And let’s do it before today’s young women attend their own retirement parties.

This past month, we’ve been focused on The Catalyst Canada Honours, but we’ve been interested to read about senior women in Canadian business.   We’re encouraged by the inclusion of “Women in Power” as one of The Globe and Mail’s leadership issues in their provocative series on national issues.

Canada: Our Time to Lead

The Globe and Mail series offering in depth consideration and discussion on critical issues facing Canada, including women (or the lack of) in power

READ:  “Time toLead: Women in Power” , The Globe and Mail

Catalyst Canada was asked to respond to some of the misconceptions about programs to advance women in business.  Catalyst research demonstrates that two popular beliefs are misconceptions—that women have it made and that women are promoted at the expense of their male colleagues.  In fact, the continuing under representation of women at senior levels hurts business and the economy by failing to use all  our potential.

READ: “More Women in the Workplace is Good for Business” by Deborah Gillis, The Globe and Mail, 10/13/10

Home Depot Canada Gives Its President Free Rein — ‘But You Have to Produce’

In an interview, Home Depot Canada president Annette Verschuren shares her story, from childhood on a Cape Breton dairy farm to growing the company to 179 stores from 19.

READ:  “Home Depot Gives Its President Free Rein”, by Bill Mah, Edmonton Journal , 10/5/10

Top Team: Executive Class at Harris Bank

And a novel introduction to formal mentoring programs at the US arm of BMO Financial Group:

Harris Bank is using a variation on speed dating—speed mentoring—to introduce promising employees to mentoring, and to a broad range of executives within the organization.

READ: “Top Team: Executive Class at Harris Bank”, by Glen Fest, US Banker, 10/10

The hum of excitement around Catalyst Canada’s office is becoming a crescendo as we prepare for The Catalyst Canada Honours dinner on Wednesday, October 6.

We are delighted that it’s a sold-out event—500 members and friends of Catalyst Canada will join us to celebrate our tenth anniversary!  Ten years of making friends and building partnerships.  Ten years of research and advocacy for the advancement of women in Canada.  Ten years of producing what is considered the “gold standard”  research on advancing women and business.  And ten years of growth and taking on new challenges.

We’re thrilled to celebrate three of the people who have been leading change by encouraging and supporting diversity in their organizations.  The first Catalyst Canada Honours Champions—  TD Bank’s Ed Clark; Scotiabank’s Sylvia Chrominska; and OPG’s Colleen Sidford—are proving what we already know:

What’s good for women is good for business.

Friends and I were talking about the “bad old days” recently.  The days when one of my early managers – after asking a senior woman lawyer to get him coffee—could grumble, “It’s so confusing. The secretaries look like lawyers, and the lawyers look like secretaries.”  The days before employment equity standards and a broad understanding of the value of a diverse workplace. 

Changes in policy and celebration of diversity in the workplace came about because leaders —in business, in politics, and in the community—stepped up and changed things. 

That kind of leadership continues to be crucial to the advancement of women in business.

Recently I met a young mother of three who had withdrawn from a competition where she was clearly the most qualified candidate because the more senior position would not accommodate her flexible schedule.  At that point, the CEO intervened.  Based on her proven record of success, she got the promotion, and kept the flexible schedule she needed to fulfill her family obligations.

That CEO was willing to change some of the rigid rules and expectations in order to get the best person for the job.  In doing so, she made it clear to other women that this firm was one that valued talent and performance,  one where their aspirations could be achieved. 

Yes, we’ve made strides toward a more equal workplace.  Women and minorities have legal recourse against overt discrimination.

But women are also finding leaders with the vision to  recognize that company policies create barriers for the advancement of talented and capable women—and the courage to change those policies.

Recently, sorting through a box of high school mementos, I found notes for my 12th grade debate: be it resolved that women earn the same as men.  

My 17-year-old self would never have guessed that almost 30 years later, my work and career would focus on creating a world where women have equal opportunities in the workplace. 

Finding that report reminded me of the advice I received from one of my first mentors: look for work that you’re passionate about, work for an organization that you are proud to be part of and with people you respect and can learn from. 

As a mentor, what would I say to that young woman? 

I would tell her that she was embarking on a journey that would be driven by her passion to make change in the world.

I would tell her to never be afraid to ask for help or for a new challenge.  That having the confidence to take risks would lead to career opportunities in government, consulting and nonprofit sectors. That she would grow stronger from facing her challenges head on.

I would tell her that the greatest satisfaction she’d experience in life and work would come from the times when she was true to herself and the things that mattered most to her at that very moment.    

And finally, I’d tell her that she would have the great fortune of building a support system of friends, family and mentors who would offer the encouragement and wise counsel that she needed to achieve her dreams.

Someone once said, “If your actions inspire others to dream more, learn more, do more and become more, you are a leader.”

Today, Catalyst Canada celebrates three remarkable leaders who have made a difference in the lives and careers of countless women in Canadian business. TD’s Ed Clark, Ontario Power Generation’s Colleen Sidford, and Scotiabank’s Sylvia Chrominska share a common trait (aside from their personal success!). Each has made it their mission to champion women in their organizations, their industries, and their communities.  

And for each of them, the reward comes not in personal recognition, but in seeing others become and achieve more than they ever dreamed possible. 

There are few of us who can’t point to a time when our lives were changed by someone who offered advice, or an opportunity, or shoulders to stand on.  Certainly, if there’s one thing I hear consistently from women who have risen to the top of their fields in Canada, it’s that they didn’t make it on their own.  They benefitted from mentors and champions who stepped in, often at critical moments, and set their careers on a new path. 

And that’s why we’ve created the Catalyst Canada Honours – to recognize champions of women in business and to mark Catalyst Canada’s tenth anniversary. It’s our hope that in recognizing these champions, we will inspire others to step forward and create real change that will benefit both women and organizations.  

The Catalyst Canada Honours began about a year ago, with a conversation I had with a woman who attended Catalyst’s first Canadian event.  She was surprised that the event was hosted by a CEO.  Today, no one would be surprised to hear a business leader in Canada talking about the importance of women to the bottom line.  Over the last ten years, the conversation has shifted.  Diversity—with women at its core— has become a strategic imperative for Canadian businesses.     

And it started with a leader, who stood up and did something unexpected. 

While today is primarily about Ed, Colleen and Sylvia, it’s also about all of the other leaders— today and tomorrow—changing workplaces and changing lives.  Thank you for what you do.  We are truly inspired.