Issue No. LXXXIV, May 31, 2011

SPECIAL EDITION - 2011 GLOBAL SUMMIT OF WOMEN

 

A TRULY DIVERSE FORUM         

                From Spain to Serbia to South Korea to South Africa, 1,000 delegates came from 81 economies covering five continents in one diverse economic forum hosted by Turkey from May 5-7 in the historic and dynamic city of Istanbul.  Countries vied in bringing large delegations, with China (the previous Summit Host Country) bringing a 69-member group led by the Vice President of the All-China Women’s Federation.

                The First Lady of Malaysia, however, brought the first-ever Malaysian delegation of top businesswomen numbering 65 who lobbied successfully to host the 2013 Global Summit of Women in Kuala Lampur!  Vietnam’s Vice President, with the cooperation of the Vietnam Chamber of Commerce, brought 52 women entrepreneurs along with women ministers and other government officials.  Spain came with its largest delegation ever numbering 51, including Spain’s Secretary of State for Equality followed by Mongolia with an impressive group of 47 businesswomen, led by their Deputy Minister of Justice.  Bangladesh and Cameroon also brought their sizeable groups of 30 and 20, respectively, made up largely of women entrepreneurs.  Summit President Irene Natividad pointed out in her press briefing on the first day of this global gathering that the Asia Pacific region was very well represented at this year’s Summit, reflecting the economic strength of the region.

                Turkey, which straddles both Asia and Europe, is also experiencing its own growth spurt, outlined by Minister of Finance Mehmet Simsek and TUSIAD (Turkey’s Chamber of Commerce) President Umit Boyner at the pre-Summit session on “Doing Business with Turkey.”  The country’s booming economy is propelled by business leaders, many of whom are women.  To see some of these women CEOs, log on to http://www.youtube.com/user/GlobeWomen to view a special slide show prepared for the Summit’s Opening Ceremony to showcase Turkish women’s business leadership.  Turkey’s welcome was led by its First Lady Emine Erdogan, who hosted a sumptuous welcoming dinner at the historic Binbirderek Cisterns built in the 5th century under a palace.  For the Summit, tables were placed between the 224 marble pillars that hold up the entire structure.  Delegates were awed by the incredible venue dressed up especially for them.

Summit President Irene Natividad opens 2011 Global Summit of Women joined by Turkey's Minister of State for Women Selma Aliye Kavaf, First Lady of Namibia Penehupifo Pohamba, First Lady of Turkey Emine Erdogan, Vice President of Vietnam Nguyen Thi Doan, First Lady of Malaysia Datin Paduka Seri Rosmah, and Vice Chair of All China Women's Federation Meng Xiaosi.

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RECOGNIZING LEADERSHIP FOR WOMEN


               

                For the first time in its 21-year history, the Global Summit of Women awarded the 2011 Global Women’s Leadership Award to a man, UN Secretary General Ban Ki-Moon.  The award recognized his ongoing leadership to create a more inclusive United Nations that now has more than a third of senior leadership made up of women;  to move the private sector to proactively promote women through the UN Global Compact;  and to place women’s issues front and center in the UN’s agenda through the creation of UN Women, the super agency charged with addressing women’s role in sustainable development.  (Click to this link to view the Summit’s salute to Mr. Ban Ki-Moon and to see his remarks:  http://www.un.org/News/Press/docs/2011/sgsm13549.doc.htm).

                Turkey’s Women’s Leadership Award, selected by its Host Committee, went to textile businesswoman, Aynur Bektas, who opened up factories in the Anatolian region, known for its high rate of unemployment – a move which has provided much needed jobs for women.  Ms. Bektas also chairs the Women’s Committee of TOBB (Union of Chambers and Commodity Exchanges of Turkey) and was former President of the Turkish Clothing Manufacturers Association.

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A FORUM FOR WOMEN MINISTERS

          

               Recognizing Ministerial leadership in forging alliances with the private sector to advance women’s economic opportunities, the Summit awarded Korea’s Minister for Women Hee Young Paik, for a job training program for displaced homemakers, which she presented at the Ministerial Roundtable.  The other Ministerial Award went to the Vice President of the All China Women’s Federation Meng Xiaosi for a project that targeted new women college graduates for training in entrepreneurship in order to widen their economic opportunities.

                Korea’s and China’s Ministers joined 33 other colleagues in the full-day Ministerial Roundtable, which focused on “Public/Private Partnerships Advancing Women and Girls.”  Each minister provided an example of such a partnership and some were invited to share them in the program.  Selected corporate leaders were also invited to share their programs for women and girls developed in alliance with government agencies or NGOs.  Intel’s Director for Turkey, Middle East and Africa Aysegul Ildeniz;  Boeing’s President for Central and Eastern Europe Henryka Bochniarz;  Pfizer’s Country Manager for India Kewal Handa, and Turkcell’s CEO Sureyya Ciliv presented exemplary projects to this august gathering.  To view Turkcell’s Snow Drops program to educate girls in rural areas of Turkey, which it developed with the Ministry of Education, click to this link, http://www.globewomen.org/summit/Summit.htm          

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A FORUM FOR CEOs AND MANAGING DIRECTORS

 

                An impressive number of chief executives and managing directors participated in this year’s Summit, lending their expertise in many sessions.  The CEO Forum featured four top women in a dialogue led by the International Herald Tribune’s Executive Editor Alison Smale on “Trends Affecting the 21st Century Workplace.”  Serpil Timuray, CEO of Vodafone Turkey; Carina Szpilka, CEO of ING Spain; M. Rosa Cassilas, General Manager of Lexmark Mexico;  and Dato Hazimah Zainuddin, Founder and President of Hydrax Oil of Malaysia – all concurred on new technology as impacting the way we work now and the future, new situation of women who are more educated and with more opportunities before them, new concepts of family that must now incorporate working women into a traditional model of women as caretaker, and new concept of business as being more holistic, incorporating not only bottom line requirements but also responsibilities towards stakeholders – communities, workers, consumers – all these factors are changing the workplace and women’s role in it in the coming decades.

                In the session on “Leading Diversity from the Top”, former Alcan CEO Dick Evans led a spirited discussion on how to move the needle on women’s access to corporate leadership roles.  “Without targets, you won’t get there,” stated Umran Beba, President of Pepsico Asia Pacific region, emphatically.  She added:  “Set the targets, support the women through mentorship or additional training, and create awareness from the top down on the need for gender diversity.”  Johan Raslan, Chairman of PriceWaterhouseCoopers Malaysia concurred and said he supported quotas for women on boards, because they will push for women’s leadership further down into senior management.  Ali Faramawy, head of Middle East and Africa for Microsoft pointed out that sometimes companies place unnecessary barriers such as the need for mobility among senior managers that prevent women from accessing lead roles.  “We must think of diversified experiences that do not necessarily entail mobility to enable women to move up,” he added.  Wendy Murdock, one of Mastercard’s leading women underscored the need to view investments in women’s talents in the long term as key to a diversified leadership.

                Other CEOs lent their voices to sessions on Corporate Social Responsibility, Team Building, the Youth Forum, the Entrepreneurial CEO Forum and many other parts of the Summit program, providing both critical insights and role modeling at the same time.

Featured session on "Leading Diversity from the Top" with Former CEO of Alcan Dick Evans; Umran Beba, Asia Pacific President of PepsiCo; Wendy Murdock, Chief Payment Integrity Officer, MasterCard; Johan Raslan, Chairman of PricewaterhouseCoopers Malaysia; and Ali Faramawy, Vice President, Middle East and Africa, Microsoft.

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BUSINESS AND ECONOMIC TRENDS

       

               With over 80% of the world’s population, 3/4ths of the earth’s land mass and a majority young population, emerging markets will have a 63% share of the world’s GDP compared to a 37% share by developed economies by 2030, according to Marisa Drew, Credit Suisse Managing Director, who gave an informative briefing on Global Megatrends as the Summit opened.

                She projected population growth to 8 billion by 2025, with many more people moving to urban areas, creating megacities with heavy demands on energy, healthcare, and infrastructure. 

                Scarcity of water will impact 60% of the world, according to Ms. Drew – a point echoed and elaborated upon in a Summit session on “Water – the ‘Oil’ of the 21st Century.”  Water is central to women’s lives and key to economic development, but much of it is wasted or polluted, according to Sabanci University Engineering Professor Sondan Durukanglu.

                On women’s economic participation, addressing the gender gap in men’s and women’s employment would boost GDP by 14% in emerging markets and 9% in the UK/US, based on a Goldman Sachs study.  To access Marisa Drew’s full presentation, click to this link http://www.globewomen.org/summit/2011/ppt%20-%20drew.pdf.


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ENGAGING YOUTH

     
           To enable young business students to be exposed to business leadership by women, the Summit offered a “Legacies of Women Forum” at Istanbul’s Koc University on May 4th, which featured UBS Turkey Country Manager Yesim Sumerkan, YTL Communications CEO Yasmin Mahmood of Malaysia, Cushman and Wakefield Turkey Managing Director Rahsan Cebe and IBM Vice President for Market Development Marilyn Johnson from the U.S.  Moderated by Summit President Irene Natividad, the forum offered life and work ‘lessons’ emerging from these four executives’ own personal experiences to the delight of students and faculty participating.

LEGACIES OF WOMEN FORUM PANELISTS:
(from left - Yesim Sumerkan, Yasmin Mahmood, Rahsen Cebe, and Marilyn Johnson)

                At the Summit itself, a Youth Forum featured four young female business leaders to an audience of business students from several Istanbul-based universities.  Ashley Fina, CEO of Michael C. Fina Inc., a U.S. family-owned retail company; Tulin Akin, Founder of an agricultural marketing web site in Turkey;  and Marie Laure Charles, Managing Director for ECA Latin America, a French company that produces subsea products joined Cathy Martin, McDonald’s executive leading Europe in a dialogue exploring business and work opportunities, while sharing their own experiences in selecting their own career paths.

                The Summit also provided scholarships to 20 Turkish women business students to attend the entire global forum, so they could hear from, meet and network with women business leaders from different industries based in many countries.

 

Greek delegates at 2010 Summit welcome all women business leaders to Athens for 2012 Summit.



 

To access presentation from Summit plenaries and breakout sessions as well as to view photos, log on to www.globewomen.org, click to the Global Summit of Women.