In a note to staff on International Women's Day, Jim Smith, President and CEO, announced a commitment to increasing female representation in senior leadership roles.
Women make up 43% of our employee population but only 30% of our senior leadership. I think we can do better.
I believe diversity matters, and that our executive ranks need to better reflect our employee and customer bases.
To that end, I am pleased to announce that Thomson Reuters has committed to reaching a minimum of 40% female representation in senior leadership roles, globally, by 2020. Declaring this incremental target, and publicly reporting our progress as part of our Corporate Responsibility & Inclusion Annual Report, will help us move faster, and keep us accountable.
In recent years we have championed new tools, policies and processes to attract, develop and retain top talent. We have worked to strengthen the pipeline of female talent inside our organization: women in director and vice president positions increased to 32% in 2016, up from 28% in 2012. Today, we trend higher than the Fortune 500 average for female representation at the Entry, Manager, VP and C-suite levels. Amongst our largest employee base in the US, we have exceeded the average representation of female technologists when compared to leading technology companies.
As co-chair of the Women’s Advisory Taskforce, this progress gives me confidence we are on the right track. Setting the minimum target of 40% will help accelerate our efforts, but serves only as a waypoint on our path toward greater gender parity at all levels.
Today, as we join businesses, governments and NGOs around the world in celebration of International Women’s Day, please take a moment to recognize the contributions and achievements of our female colleagues.
A diverse and inclusive company is a company I want to work for, and I am excited about what we can all achieve moving forward, together.