Catalyst Honors Initiatives at Goldman Sachs, PepsiCo, PricewaterhouseCoopers, and Scotiabank.2007 Catalyst Award Celebrates 20th Anniversary Recognizing Innovative Initiatives that Advance Women and Business NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Celebrating its 20th anniversary recognizing corporate initiatives that advance women and business, Catalyst today announced that The Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. Group, Inc., PepsiCo, Inc., PricewaterhouseCoopers LLP LLP - Lower Layer Protocol , and Scotiabank are the recipients of the 2007 Catalyst Award. Since 1987, Catalyst has honored strategic business initiatives that result in the advancement of women in the workplace. The 2007 winners are four exceptional initiatives that have measurably advanced women and diversity in business. "Over the past twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. , we've seen winning initiatives evolve from stand-alone programs to strategic imperatives that drive business success," said Ilene H. Lang, President of Catalyst. "By publicly celebrating these triumphs, we encourage others to embrace women's advancement as a source of competitive business advantage." This year's winning initiatives are particularly significant against a backdrop in which, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. recent Catalyst research, women are still vastly underrepresented un·der·rep·re·sent·ed adj. Insufficiently or inadequately represented: the underrepresented minority groups, ignored by the government. in senior leadership positions and on the boards of Fortune 500 companies. Catalyst Award-winning initiatives, past and present, lead their organizations and industries to new ways of working and doing business. As in previous years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time four winning initiatives were reviewed and judged rigorously on criteria including business rationale, senior leadership support, communication, measurable results, accountability, originality, and replicability. In creating accountability, demanding more representative management teams, empowering women employees to take charge of their careers and advancement, and requiring a steadfast commitment to diversity, this year's winning initiatives exemplify ex·em·pli·fy tr.v. ex·em·pli·fied, ex·em·pli·fy·ing, ex·em·pli·fies 1. a. To illustrate by example: exemplify an argument. b. the Catalyst mission - to build inclusive environments and expand opportunities for women at work. Winning Initiatives Create Opportunities for Advancement of Women and Business Goldman Sachs designed its Senior Women's Initiative to increase the number of women business leaders globally. By supporting women in their career growth through recruitment, engagement, advancement, and retention, the initiative works to eliminate potential barriers to advancement. It enhances networking opportunities for senior women and dramatically adds resources to and improves the process by which advancement decisions are made. Thus far, Goldman Sachs' Senior Women's Initiative significantly increased the number of women managing directors (MDs) and partners: among the successes, globally, the number of women partners has doubled from 2001 to 2006. A strategic support and resource group, PepsiCo's Women of Color not of the white race; - commonly meaning, esp. in the United States, of negro blood, pure or mixed. See also: Color Multicultural Alliance focuses on attracting, retaining, and developing women of color in the middle and senior management ranks at PepsiCo. This initiative highlights women of color as a strategic priority and works on building deeper, more authentic relationships across all levels. The success of the program is clear: key findings include that, from 2002-2006, the number of women of color at the senior management/director/VP level has increased; representation for women of color on the board of directors has doubled. PricewaterhouseCoopers' Unique People Experience (UPE UPE Upsilon Pi Epsilon (International Computer Science Honor Society) UPE Universal Primary Education UPE Unreimbursed Partnership Expenses UPE Universal Plasticx Exchange UPE User Plane Entity (3GPP) ) was created to reduce turnover, maximize value for PwC's clients, and increase the productivity of the firm's staff. All PwC partners and staff are held accountable for UPE and are responsible for fostering a culture of inclusion for all. A major element of UPE is redesigning the traditional way work gets done to a more team-based approach where groups of partners and staff serve a portfolio of clients. This new structure has resulted in greater satisfaction and lower turnover rates. The initiative paid off: among the results, women's representation at the partner level has increased 30 percent from 2001 to 2006. Through research which demonstrated that women had the skills, proven performance levels, and aspirations to contribute at more senior levels, Scotiabank found a strong business case to support the creation of its Advancement of Women Initiative (AoW). The organization's most senior women started this business-focused imperative that improved women's representation by leveraging existing processes, programs, and platforms, thereby reinforcing the business value of the work. Through this initiative, Scotiabank has significantly improved senior women's representation at the bank: the number of women at all senior levels - from vice president and above - nearly doubled from 2003 to 2006. These Award-winning companies will present in-depth discussions of their initiatives at the 2007 Catalyst Awards Conference, sponsored by General Motors Corporation and Wal-Mart Stores, Inc., at the Grand Hyatt in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. on March 21, 2007. Later that evening, Tony Comper, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of BMO BMO Bank of Montreal (Canada) BMO Before Market Open BMO Biometrics Management Office BMO Ballistic Missile Office BMO British Mathematical Olympiad BMO Balkan Mathematical Olympiad BMO Business Management Office Financial Group, will chair the 2007 Annual Catalyst Awards Dinner at the Waldorf=Astoria, which will honor this year's Award winners. The dinner is sponsored by Shell Oil Company, winner of the 2004 Catalyst Award for its cutting edge initiative, which changed the environment for women's advancement and increased women's representation at the senior and middle management levels. The dinner typically attracts more than 1,500 guests representing 260 companies and more than 75 CEOs and leaders of major corporations and firms. For complete descriptions of this year's Catalyst Award-winning initiatives and previous Award winners, please visit www.catalyst.org/award/winners. For information on the Catalyst Awards Conference, please visit www.catalyst.org. About Catalyst Catalyst is the leading research and advisory organization working with businesses and the professions to build inclusive environments and expand opportunities for women at work. As an independent, nonprofit membership organization, Catalyst conducts research on all aspects of women's career advancement and provides strategic and web-based consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" globally. With the support and confidence of member corporations and firms, Catalyst remains connected to business and its changing needs. In addition, Catalyst honors exemplary business initiatives that promote women's leadership with the annual Catalyst Award. With offices in New York, San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Switzerland, and Toronto, Catalyst is consistently ranked No. 1 among U.S. nonprofits focused on women's issues by The American Institute of Philanthropy The American Institute of Philanthropy (AIP) was created by Daniel Borochoff in 1992[1] to address the continuing need for thoughtful information regarding the financial efficiency, accountability, governance and fundraising practices of charities. . About the Catalyst Award The Catalyst Award is presented annually to companies and firms with outstanding initiatives that result in women's career development and advancement. Catalyst's rigorous, year-long examination of initiatives and their measurable results culminates in intensive, on-site reviews at finalist companies. The Catalyst Award provides the business community with replicable change models that are good for business and good for women. For more information about Catalyst and the Catalyst Award application process, please visit www.catalyst.org. About The Goldman Sachs Group, Inc. Goldman Sachs is a leading global investment banking, securities, and investment management firm that provides a wide range of investing, advisory, and financing services to a diversified client base that includes corporations, financial institutions, governments, and high net worth individuals. Originally organized as a partnership, today Goldman Sachs is a public company with over 23,000 employees around the world that promotes a distinctive corporate culture, placing our clients' interests first and emphasizing integrity, commitment to excellence, innovation, and teamwork. About PepsiCo, Inc. PepsiCo is one of the world's largest food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. companies, with 2005 annual revenues of more than $32 billion. Its principal businesses include: Frito-Lay snacks, Pepsi-Cola beverages, Gatorade sports drinks sports drink Performance drink Sports medicine A thirst-quenching beverage used in sports-related activities, which may boost energy and/or help build muscle mass; water, sugar, salt, potassium are common to all SDs. See Hydrotherapy, Water. , Tropicana juices, and Quaker foods. Its portfolio includes 17 brands that generate $1 billion or more each in annual retail sales. About PricewaterhouseCoopers LLP PricewaterhouseCoopers LLP is the U.S. member firm of PricewaterhouseCoopers International Limited. PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax and advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to build public trust and enhance value for its clients and their stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. . More than 140,000 people in 149 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice. About Scotiabank Scotiabank is one of North America's premier financial institutions and Canada's most international bank. With close to 57,000 employees, Scotiabank Group and its affiliates serve approximately 12 million customers in some 50 countries around the world. Scotiabank offers a diverse range of products and services including personal, commercial, corporate, and investment banking. With C$379 billion in assets (as at October 31, 2006), Scotiabank trades on the Toronto (BNS Noun 1. BNS - a bachelor's degree in naval science Bachelor of Naval Science bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies ) and New York Exchanges (BNS). For more information please visit www.scotiabank.com. |
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