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As long as there are still places where women lack the same basic economic rights as men, the fight for gender equality is not over. But for International Women's Day this week, we’re celebrating women leaders worldwide who have brought us this far and the ones who will one day transform our future.
Though gender equality needs to go beyond the C-suite, #BreakTheBias often starts with representation at the top, where women can and do shape companies (and even drive better performance). From Citigroup CEO Jane Fraser to TPM’s Maya Chorengel to Afsaneh Beschloss of the Rock Creek Group, the women on Barron’s annual list of the 100 most influential women in US finance are examples of the many women who are bringing new perspectives and ideas to the teams they lead. And the list is just the tip of the iceberg, as a growing number of women are managing successful portfolios—and shaking up systems along the way.
There’s more to come, too: in one recent survey of women re-entering the workforce after pandemic-induced absences, nearly half say they’re “very ambitious.”
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Few corporate leaders are more fearless than Mellody Hobson, who has broken barriers throughout her career as head of the largest Black-owned asset management firm (and, as readers of Be Fearless know, among the most diverse) and the first Black woman to chair the board of a Fortune 500 company. Now there’s data to back up her “color brave, not color blind” mantra: Ariel Investments, Hobson's firm, released the first-ever study of Black corporate directors. The findings call for more accountability and transparency as corporate boards become increasingly diverse.
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(ESG) Victory Bonds
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Climate Bond Initiative founder Sean Kidney makes the case for “social freedom bonds,” inverting the World War Two-era “war bond” concept for the ESG era. |
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INCLUSIVE ENTREPRENEURSHIP |
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Serving Diverse Founders
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Tennis legend Serena Williams' VC firm, Serena Ventures, raised $111 million to invest in a new cohort of early-stage startups led by diverse founders. |
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Building Employee Wealth
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Pay equity is important, but so is wealth equity—which is why some employers are offering wealth-building benefits to make an impact beyond salary, especially for employees affected by racial and gender wealth gaps.
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Now That’s Endurance
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More than a century after it sank off the coast of Antarctica, scientists have found the shipwreck of Sir Ernest Shackleton's ill-fated Endurance. Stay tuned for the National Geographic documentary about the discovery, which will give us a close-up view of the remarkably well-preserved wooden ship. |
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Better Call Impact |
The new Global Alliance of Impact Lawyers aims to build the legal frameworks needed for a more inclusive economy—an important undertaking as regulations around social and environmental impact continue to evolve. |
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