In October 2018 the 30% Club advanced its global mission to foster gender balance at all levels of organisations by joining forces with Brazil’s Call For Action Movement (CFAM). CFAM, a local business-led initiative, was launched in 2017 in response to an annual survey conducted by Enlight on the level of female representation on Brazilian Boards. The 2017 survey report highlighted a lack of progress over the prior three years and recognised the importance of setting aspirational voluntary goals to drive progress.
The movement started as a conversation and soon became a campaign to engage key stakeholders in deeper discussions about the importance of gender diversity and broader diversity on boards, recommending a voluntary business-led approach to address the issue.
The 30% Club Chapter Brazil is inviting companies to set the following aspirational targets:
2019 will see a focus on intensifying engagement with Chairs and CEOs encouraging those New Market Segment companies with all-male boards to join the campaign and to appoint at least one female director each by 2020. The over-arching strategy is to act as a public voice for gender balance on boards and leadership teams by working collaboratively with other bodies to spread awareness, grow the pipeline and stimulate demand primary to increase female Board directors in Brazil.
Please click here to download a copy of the Brazilian 30% Club Information Booklet in Portuguese.
Brazil membership is primarily targeted at Chairs, Board Members and CEOs of Novo Mercado listed companies and IBrX 100 companies at B3. Membership is free. For further information please email: Anna Maria Guimarães - firstname.lastname@example.org or Olivia Ferreira - email@example.com
Russell Reynolds Associates
Alvaro de Souza
Heidrick & Struggles
Russell Reynolds Associates
Hermes Investment Management
Totvs | BR Malls | Eletrobrás
Fundação Real Grandeza
Thaís de Oliveira
Heidrick & Struggles
Anna Maria Guimarães
The purpose of the Investors Group is to help coordinate the investment community’s approach to gender diversity. In particular, to explain the investment case for more diverse boards; to encourage all investors to engage on the issue of board diversity with chairs and management teams and to consider diversity when voting on the appointment and re-election of board members.
As asset owners and asset managers we are responsible for the stewardship of the investments we make on behalf of our members and clients. Part of that responsibility includes the assessment of the boards and senior management teams of our investee companies.
We believe boards that genuinely embrace cognitive diversity, as manifested through appropriate gender representation and a broad spectrum of skills and experience, are more likely to achieve better outcomes for investors. There is increasing research to support this hypothesis.
The members of the Investors Group in Brazil are: Blackrock, Hermes Investment Management, Previ, Petros, Robeco and Leblon Equities. In February 2019 the group sent a collective letter to Chairs of listed companies in Brazil to highlight the importance of gender diversity and to outline their expectations for change in board composition. They will continue to engage constructively with companies, specially the ones from Novo Mercado/ New Market segment that still have all-male boards (92 companies listed at Novo Mercado had all male boards in 2018).
Stewardship Director Hermes Investment Management
The Communications group seeks to maximize the profile and reach of the 30% Club campaign locally through a coordinated and strategic communications program, ensuring alignment with the global reputation.
Director MDS Group
The executive search group is focused on how executive search consultants (ESCs) can promote emerging and current female directors and develop the systems, practices and processes that enable women to be appointed to boards. Individual members ensure diverse candidates are included on the long and shortlists provided to the chairs of the board and remuneration and nominations committees. The group is also committed to working with chairs and boards on succession planning and developing their network of female board aspirants.
The members of the Executive Search group in Brazil are: Korn Ferry, Russell Reynolds Associates, Heidrick & Struggles and Exec. They have recently adopted the 30% Conduct Code UK.
Members of the Ambassadors Group actively engage with IBrX 100 chairs and Novo Mercado/New Market segment Chairs to increase the number of women on their boards. Specially with Chairs from Novo Mercado/New Market Segment companies with all-male boards to encourage them to join the campaign and to appoint at least one female director each by 2020. They seek to positively influence the chairs by promoting the benefits of board diversity and the actions and ownership chairs’ need to take to ensure the successful appointment of female directors.
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Bloomberg São Paulo - Infinity Building
Rua Leopoldo Couto Magalhães Jr. 700, 3o andar
São Paulo, SP – Brazil
Anna Maria Guimarães : firstname.lastname@example.org
Olivia Ferreira: email@example.com