Catalyst Award Winners Recognized for Exemplary Initiatives in Advancing Women

Strategic Insights -

Sheila Wellington, Catalyst President, highlighted the growth in employers managing change related to women's advancement, with companies recognizing that systemic diversity initiatives, rather than single programs, prove effective. The 1996 Catalyst Award winners, Hoechst Celanese, Knight-Ridder, and Texas Instruments, exemplify this trend by linking women's advancement to larger business strategies and devising methods of gaining support at all levels.

Key Takeaways:

  • Three companies, Hoechst Celanese, Knight-Ridder, and Texas Instruments, won the 1996 Catalyst Award for their exemplary initiatives to advance women, demonstrating a systemic approach to diversity.
  • Hoechst Celanese's Vertical Parity Initiative showed a 20% increase in female executives and managers from 1991 to 1995, with 25% of bonuses linked to diversity goals.
  • Knight-Ridder's Strategic Career Development initiative increased women in executive and management positions by 35% since 1991, with a focus on fair representation in newspapers.
  • Texas Instruments' Teaming Up For Achievement initiative increased women in management, supervisory, or team leadership positions by nearly 50% since 1989.

Statistics:

  • 20% increase in female executives and managers at Hoechst Celanese from 1991 to 1995.
  • 35% increase in women in executive and management positions at Knight-Ridder since 1991.
  • 50% increase in women in management, supervisory, or team leadership positions at Texas Instruments since 1989.
  • Catalyst has awarded companies for exemplary initiatives to advance women since 1987.
  • The 1996 Catalyst Awards will be presented on March 26, 1996, at the Waldorf-Astoria in New York.

Sources:

  • PR Newswire ()
  • Catalyst (a national not-for-profit research organization)
  • Eastman Kodak Company (statement from George M.C. Fisher, Chairman, President and CEO)
  • Xerox Corporation (statement from Paul A. Allaire, Chairman and CEO)
  • NBC4 news anchor, Carol Jenkins (awards presenter)