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DELOITTE & TOUCHE LAUNCHES INNOVATIVE INITIATIVE FOR ADVANCEMENT OF WOMEN

Former Labor Secretary Lynn Martin Joins Firm to Direct High Level
 Council
 Ellen Gabriel, Boston Partner, to Lead Internal Advancement Drive
 WILTON, Conn., April 27 /PRNewswire/ -- Deloitte & Touche, one of the nation's largest accounting firms, announced today a deep commitment to women professionals as it launched a drive to become the leader in its profession with an innovative program to retain and advance women to high-level positions in its workforce.
 The three- to five-year program, which will be under the direction of Ellen P. Gabriel, newly appointed National Director for the Advancement of Women, was conceived by a special Task Force which for the past year has been examining issues unique to women in the firm's workforce.
 Deloitte & Touche also announced at a news conference in New York today that Lynn Martin, Secretary of Labor in the Bush Administration, will serve as advisor to the firm and has been named chair of the firm's Council for the Advancement of Women, which will assist in the new program. The Council, whose other members will be announced in the near future, will be comprised of five to six leaders from academia, business and government with specific expertise on issues of women and the workplace. Their charge is to assist in identifying creative approaches to the firm's commitment to its workforce and to challenge management's thinking on issues relative to women in the firm.
 Among the recommendations made by the Task Force are: to focus and commit the leadership of the firm to the advancement and development of talented women; to promote the idea of men and women as colleagues; to enhance career opportunities for women; to develop flexible work alternatives and other programs that support work/life balance commitments for all its people; to build plans into the business and human resource processes; and to communicate internally and externally the firm's commitment to change in Deloitte & Touche's workforce.
 J. Michael Cook, Chairman and Chief Executive Officer of Deloitte & Touche, said: "This initiative is a business imperative and the right thing to do for our people. In the past few years, women have comprised about 50 percent of our new professional hires and 36 percent of all our client service professionals. We want to make sure that we continue to attract top candidates, to retain those talented women, and make sure they have the greatest opportunities and incentives to progress to the highest levels." Cook said the firm had carefully studied the record on women's advancement in the profession. He noted that the percentage of women at the firm's highest professional rank, partner, is slightly higher than the average among the largest public accounting firms but still "very unacceptable for the future."
 "Deloitte & Touche has committed itself to a truly progressive program that is sensitive to women's unique needs in a profession that demands the highest standard of performance," Martin said. "When I released the Glass Ceiling Reports at the Department of Labor I commented that positive change could only occur with the full commitment of the corporate CEO and senior management. Well, here today, without force or outside pressure, that commitment is being made. This firm, Deloitte & Touche, led by its progressive-minded CEO, is daring to make a difference--because they believe in having the best people serves its clients best, its people best and its future best. I said American business could and ought to be the leaders in efforts to better use the talents and abilities of the nation's women. Here we see it happening-- at a firm that understands the bottom line function. It is remarkable, it is all too rare, and it shows what can be done."
 Cook stressed that the women's advancement program is for the benefit of all of Deloitte & Touche's employees, and ultimately, its clients and the firm at large. "The hallmark of Deloitte & Touche has been to exceed the expectations of its clients and its people," Cook said. "In order to continue to do that, we must maximize the contributions of our professional women and make certain the firm uses their talents at every level and particularly at the highest levels."
 "We have established specific objectives to be achieved during the first year of the program and also for the next several years," said Gabriel, who is an audit partner in the firm's Boston office. "There are steps being considered, as part of our implementation plan, that eventually will lead to permanent changes in our advancement processes."
 Gabriel said the initial charter of the firm's Task Force was to identify issues unique to its female professionals and that this work will continue as the implementation plan begins. Deloitte & Touche will move as rapidly as possible to find solutions to these issues, act to alleviate them, and to integrate changes into the structure of the firm. Gabriel said: "The retention and advancement of women is a critical issue to me personally. My goal is to help ensure that the young women and young men in the firm understand the dynamics of the workplace, because we're making fundamental changes in the way we operate."
 Deloitte & Touche provides accounting and auditing, tax, and management consulting services through 15,300 people in offices in more than 100 U.S. cities. Deloitte & Touche is part of Deloitte Touche Tohmatsu International, a global leader in professional services with 56,000 people in more than 100 countries.
 -0- 4/27/93
 /CONTACT: Alfred W. Leach, 203-761-3160, or Larry Friedman, 212-697-5600, both for Deloitte & Touche/


CO: Deloitte & Touche ST: Connecticut IN: FIN SU:

SH -- NY052 -- 1235 04/27/93 10:20 EDT
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Date:Apr 27, 1993
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