INCREASING IMPACT 2010 Catalyst Annual Report PB 2010 CATALYST ANNUAL REPORT 2010 CATALYST ANNUAL REPORT A About Catalyst Founded in 1962, Catalyst is the leading nonprofit membership organization expanding opportunities for women and business. With offices in the United States, Canada, and Europe, and more than 400 preeminent corporations as members, Catalyst is the trusted resource for research, information, and advice about women at work. Catalyst annually honors exemplary organizational initiatives that promote women's advancement with the Catalyst Award. B 2010 CATALYST ANNUAL REPORT 2010 CATALYST ANNUAL REPORT 1 TABLE OF CONTENTS Letter From the President & CEO and Chair 2 Vision, Mission, Values 4 Impacting Inclusion 6 2010 Catalyst Highlights 6 Events 8 Catalyst in the News 11 Speaking Engagements 16 Catalyst on the Web 18 Inspiring With Insights 19 Knowledge Products 19 Advisory Services 22 E. L. Wiegand Foundation Grant 24 Engaging The Exceptional 27 Catalyst Awards Dinner 27 Catalyst Awards Conference 29 Catalyst Awards Dinner Contributors 30 The Catalyst Canada Honours 33 The Catalyst Canada Honours Contributors 35 Special Project Funding 37 Connecting Our Constituency 40 Catalyst Members 40 Financials and Notes to Consolidated Financial Statement 43 Catalyst Boards 50 B 2010 CATALYST ANNUAL REPORT 2010 CATALYST ANNUAL REPORT 1 LETTER FROM THE PRESIDENT & CEO AND CHAIR Connect. Engage. Inspire. Impact. Catalyst’s values reflect our organizational evolution as well as our growing role in the global workplace. In earlier times, Catalyst connected women with employers; we engaged corporations and the media in a dialogue about the issues women face in the workplace; and we inspired many individuals to action with our powerful research. In 2010, Catalyst worked to impact more people and more corporations in more locations than ever before. We influenced public policy We responded to the growing in new ways this year. Catalyst interest of our members’ leaders testified before the subsidiaries in India with Senates of three governments the publication of Leadership and advised government Gap in India Inc.: Myths and agencies of four countries on Realities. We launched The challenges related to advancing Catalyst Canada Honours to women onto corporate boards celebrate champions of women and closing the gender pay in Canadian business. And gap. Our important research we have developed our web series on high-potential women presence through social media in the corporate pipeline has tools and blogs. been published in three articles in the Harvard Business Review. 2 2010 CATALYST ANNUAL REPORT This work has already paid and corporations around the strengthening our reputation, dividends. Our membership world. We have stewarded knowledge, and ability to has increased to over 450 our corporate relationships make change across industries companies, firms, and to a new level, and our fiscal and cultures, they multiply educational institutions from responsibility over the past few our impact throughout their five continents; eight of decades has positioned us well powerful spheres of influence. these form an elite group of for the future. inaugural Research Sponsors, With thanks to everyone who committed to supporting our Our impact in 2010 and the has made 2010 a successful growing body of knowledge. impact we plan for the future year, we look forward to Our work and Catalyst experts would not be possible without connecting, engaging, were cited in the global media the considerable support of our inspiring, and impacting even 613 times, and we were asked members, board members, and more people in 2011. to speak at 54 conferences devoted staff. In addition to Ilene H. Lang James S. Turley President & Chief Executive Chairman & Chief Executive Officer Officer Ernst & Young Catalyst Chair, Catalyst Board of Directors “When you close your eyes and think of a leader, who do you see? Most people see men. This is the problem.” - Ilene Lang Catalyst on Twitter @CatalystInc 2010 CATALYST ANNUAL REPORT 3 VISION, MISSION, VALUES Anticipating our 50th anniversary, in 2010 Catalyst embarked on a strategic review to assess the opportunities and challenges of our third 25 years. At the same time, we more sharply framed our objectives and approaches. As a result, we have refreshed our vision, mission, and values—the cornerstones of our work, culture, and goals. OUR VISION Allow the men you Changing workplaces. know to see the world Changing lives. from your eyes. Share In the past, Catalyst often acted as an awareness- raising research organization that invited companies your experiences. It can to take action. Our new vision sees Catalyst as a driver of change—a true catalyst that impacts workplaces change their perspective, and lives around the world through research, events, practice-sharing, tools, social networking, and or even their lives. member engagement. Ilene H. Lang, Catalyzing www.catalyzing.org 4 2010 CATALYST ANNUAL REPORT OUR MISSION To help our members at each step Expanding opportunities for of this journey, every day we ask ourselves questions such as: women and business. The wording may have changed since 1962, but • How can we connect our Catalyst’s mission has always been to expand the members to each other and to employment opportunities available to women. At first, simply getting women into part-time jobs was us? the goal. Now, we focus on leveling the playing field in terms of advancement opportunities, leadership • How can we engage development, and compensation, and we advocate with women, men, families, for the inclusion of diverse women. As more women employers, economies, and become full participants in today’s workplaces, businesses benefit from their talent, creativity, and societies? leadership. • How can we inspire inclusion through our research, events, social media, speaking OUR VALUES engagements, and members? Connect, Engage, Inspire, • How can we positively Impact. impact workplaces and, therefore, lives? Catalyst’s values are the prism through which we filter our actions. They reflect our ethos, strengths, and objectives. They also reflect the evolution of our With our values guiding Catalyst members as they gain awareness of how diversity is through the next phase of connected to business success, implement programs and processes to engage and measure diverse aspects our future, and our members of the workforce, leverage new knowledge about their alongside us, we strive to workforce to inspire more significant change, and ultimately benefit from the positive impact of their accomplish our mission and focus on workplace inclusion. realize our vision. 2010 CATALYST ANNUAL REPORT 5 IMPACTING INCLUSION 2010 Catalyst Highlights Since 1962, Catalyst’s work has had a profound impact on innumerable women, men, corporations, and firms. Much of that impact was realized one woman, one CEO, or one company at a time. We still strive to build close individual relationships with others who share our mission, but we now aim to position our work strategically to drive impact on a larger scale—across workplaces, economies, and cultures. In 2010, Catalyst made its first forays into the public-policy arena. By testifying on issues such If all our daughters see as pay equity and women on corporate boards, Catalyst executives have helped government leaders understand how public policy affects working and hear is men, what women and the economy. For example, at a hearing titled “New Evidence on the Gender Pay Gap for does this tell them Women and Mothers in Management,” Catalyst President & CEO Ilene H. Lang testified before the U.S. Congress Joint Economic Committee about about themselves and new findings by Catalyst on corporate leadership and pay gaps. Two days later, The Hill, an influential congressional newspaper, published her op-ed on the their position in the same topic. world? Women must be Deborah Gillis, Senior Vice President, Membership & Global Operations, also appeared as an expert witness before the Canadian Senate Committee on visible. Everywhere. Banking, Trade and Commerce, to contribute to its consideration of proposed legislation to ensure Ilene H. Lang, Catalyzing women are appointed to a certain percentage of www.catalyzing.org 6 2010 CATALYST ANNUAL REPORT corporate board positions. In Europe, Catalyst representatives testified before the French Senate, worked with the labor ministries of both Spain and Norway, and advised the UK’s Government Equalities Office. All of these engagements were by invitation, highlighting the respect that Catalyst’s work has garnered in the public sector. As Catalyst’s reputation grows, so does our geographic reach. With one of the largest economies in the world, millions of educated working women, and a pressing talent gap, India presents an irresistible business opportunity for global and local corporations and women. Our first report focused on India, Leadership Gap in India Inc.: Myths and Realities, debuted in November and marked the start of a strategic expansion that will soon include a Catalyst office in India. It’s hard to believe, but it has already been ten years since we opened our Toronto office. We celebrated Catalyst Canada’s tenth anniversary with the launch of The Catalyst Canada Honours, which recognized three champions of women in Canadian business. The number of people who gathered to enjoy the festivities— Eleanor Tabi Haller-Jorden, General Manager, more than 500!—was a testament to the impact Catalyst Europe AG we have had in Canada. Lastly, Catalyst’s digital footprint continues to grow. We added several new features to our website, gained an entirely new intranet, and put our Information Center’s catalog online. Social networking tools such as Facebook, Twitter, YouTube, and LinkedIn are now an integral part of our communications strategies, as are the two blogs we launched this year. No matter where you are, you can connect with Catalyst! 2010 CATALYST ANNUAL REPORT 7 Events 42 EVENTS 24 WEBINARS 2,250 WEBINAR PARTICIPANTS 600 EVENT ATTENDEES Catalyst’s events are central to our mission of Making Mentoring Work disseminating the research and knowledge that is January 19 at the core of our work.