"We know that diverse leadership has a tangible positive impact on business performance," said Out Leadership Managing Director Stephanie Sandberg. "Yet currently fewer than 5% of Fortune 500 CEOs are women, and fewer than 1% of FTSE 250 CEOs are women. Of the Financial Times' 2015 list of global leading LGBT executives, only 24% were women. OutWOMEN seeks to give leading LBT+ women a platform so they can champion their accomplishments – and to cultivate future generations of Out Women who will build business and drive equality."
OutWOMEN launched in March 2016. The initiative has already hosted private dinners for senior-level executive women in cities around the globe, including New York, Los Angeles and Hong Kong; Washington DC and London are scheduled for fall. OutWOMEN also hosts breakfasts and lunch panels at Out Leadership global summits, open to all, to help further connect LBT+ women in business and discuss the issues they face at work.
"Hogan Lovells has championed diversity and inclusion for many years. We know the benefits of strong LBT+ women leaders," said Marcy Wilder, Partner, Hogan Lovells. "Our commitment to gender equality and inclusion is at the core of what Hogan Lovells stands for. Working with OutWOMEN is the next step in that mission. This initiative will allow us to help build the pipeline of up-and-coming LBT+ women leaders and strengthen our culture of opportunity."
About Out Leadership
Out Leadership is a global LGBT+ business advisory that partners with the world's most influential companies to build business opportunities, cultivate talent, and drive LGBT+ equality forward. We believe that LGBT+ inclusion positively impacts business results, and that including LGBT+ people at the most senior level of executive leadership builds business. We call this idea Return on Equality™.
Comprised of more than 70 member firms from the financial services, technology, legal and insurance industries, and dedicated to cross-industry collaboration, Out Leadership is a certified B Corporation. Out Leadership operates two industry-specific business initiatives: Out on the Street and Out in Law, and three talent initiatives: Quorum, which aims to increase LGBT+ representation on corporate boards; OutNEXT, the first global talent development program for emerging LGBT+ leaders; and OutWOMEN, connecting senior level LGBT+ women in business.
About Hogan Lovells
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SOURCE Out Leadership