PFW was delighted to be asked to present at the 20th Annual OECD Senior Financial Management and Reporting Officials Symposium in Paris to talk about how important diversity and inclusion is for government finance functions. The event is normally attended by representatives from ministries of finance in OECD countries. Gillian Fawcett contributed to a session devoted to discussing the effectiveness of government finance functions, skills development and people. The session also considered the changing role of finance professionals because of reporting and technological advances. Other speakers were from the World Bank, Swedish and UK Governments.
To find out about what was covered by PFW see the attached slides which highlight some key areas including: a finance function’s performance can be improved by having a diversity strategy; diversity and inclusion should be an important part of good governance; and CFO’s will need to adjust their leadership styles to become more in tune with diversity, experiences and challenges. PFWOECD2020a
Public Finance by Women (PFW) supported by Grant Thornton UK LLP was delighted to host a roundtable on 5 December 2019, to discuss whether there is a fair playing field for women seeking leadership positions in public finance. The debate was lively and covered a lot of ground. Redefining the role of leader, culture and behavioural change, as well as addressing unconscious bias were discussed at length as a means to addressing gender inequality. Mentoring featured highly as a support tool helping women throughout their careers.
The event was be chaired by Gillian Fawcett, Co - Founder, PFW and included Paul Dossett from Grant Thornton and Lucinda Longmore, Project Lead from the Hampton-Alexander Review. She shared insights on how gender equality is being advanced in FTSE 350 boards https://ftsewomenleaders.com/about-us/ . In relation to getting women into Director of Finance Positions the statistic was poor - only 15% of DoF positions are held by women. Clearly there is much more progress to make if FTSE companies are to achieve gender equality in one of the key functional roles. Across London Boroughs and NHS Trusts in London the statistic was slightly better over 30%, but further progress still needs to be made.
A short policy paper covering the discussion will be available early in the New Year - so watch this space!
Catch up on the latest news about 'Breaking Barriers for Women Leaders in Public Finance'. On 18 July 2019 PFW outlined the case for change and the barriers that confront females as they strive to succeed in their careers. Chaired by Sumita Shah from ICAEW, she asked some searching questions about how we overcome the barriers and issues, such as unconscious bias and the organisational DNA, as well as setting out some of the enablers.
Once you have listened to the webinar we would be pleased to have your feedback so do contact us using the e-mail address on the website. We look forward to hearing from you.