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iconannual 2016 - The European Business and Invetsment Magazine

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International Br<strong>and</strong>ing<br />

Foto: Katharina Schiffl<br />

"A woman's career<br />

is divided into three<br />

stages: Meritocracy,<br />

the Messy Middle<br />

<strong>and</strong> Leadership"<br />

Barbara J. Krumsiek<br />

Member of Board of Directors<br />

at Pepco Holdings, Inc.<br />

"Turn diversity into a competitive<br />

advantage. Having teams consisting of both<br />

men <strong>and</strong> women, especially in the field of<br />

science is very important.<br />

Male <strong>and</strong> female scientists<br />

from all over the world<br />

with different educational<br />

backgrounds are a key to<br />

success."<br />

Foto: krischanz.zeiller./AIT<br />

Brigitte Bach<br />

Head of Energy Department AIT<br />

"In order to stay internationally competitive,<br />

Austria needs women on leading positions,<br />

regardless whether they are<br />

active in Corporate Boards,<br />

NGOs, or as entrepreneurs<br />

in science <strong>and</strong> technology.<br />

<strong>The</strong>refore, having more<br />

women on the top is an<br />

economic <strong>and</strong> social matter."<br />

Renate Altenhofer<br />

Initiator Women Leadership Forum<br />

It was a special day at the Novomatic Forum in<br />

Vienna <strong>and</strong> September 16 th of 2015 should belong in<br />

the memories of all of the attendees. <strong>The</strong> <strong>European</strong><br />

Br<strong>and</strong> Institute has invited more than 160 exclusive<br />

guests to its third Women Leadership Forum, which<br />

this year followed the slogan "Women make Future".<br />

It was the Ambassador of the United States of<br />

America to Austria, H.E. Alexa Wesner, who opened<br />

the event by emphasizing the challenges that women<br />

face on their way to attain leadership positions. And<br />

indeed, though it is widely believed that men have always<br />

a better shot at leadership positions in business<br />

<strong>and</strong> politics, there is little consensus, however, on why<br />

women still remain underrepresented in these fields.<br />

Some of the major reasons that there aren't more women<br />

in top leadership roles in business <strong>and</strong> politics are<br />

higher st<strong>and</strong>ards for women <strong>and</strong> lack of readiness by<br />

companies to hire women for top positions <strong>and</strong> by voters<br />

to elect women to higher office. But there are also<br />

other reasons, such as: family responsibilities, inexperience,<br />

or women not being tough enough, that are<br />

cited less frequently as significant barriers to female<br />

leadership.<br />

In her keynote speech, US-Leadership expert Barbara<br />

J. Krumsiek, an experienced executive in investment<br />

management, a leader in the field of sustainable<br />

investing, <strong>and</strong> a dedicated advocate for global women's<br />

empowerment, who joined the Georgetown University<br />

Women's Leadership Institute as a senior industry<br />

fellow, asked the question "Why aren't we there yet?"<br />

Krumsiek described first some of the key words of her<br />

speech: "We" are working women, particularly those in<br />

corporations; "there" refers to full equality, opportunity,<br />

access to capital <strong>and</strong> seats at the board table <strong>and</strong> in the<br />

C-suite; <strong>and</strong> "yet" is now. Krumsiek contended that most<br />

C-corps are really he-corps, since the lion's share of positions<br />

in upper management — including board of director<br />

seats — are held by men. Although well-educated<br />

<strong>and</strong> often well-prepared for leadership, women are not<br />

yet at parity with their male counterparts. In the 100 >><br />

"Gender diversity is<br />

not a social matter<br />

but a competitive<br />

advantage."<br />

Anett Hanck<br />

Head of Sales HEUTE<br />

& Board Member WLF<br />

Foto: Privat Foto: Katharina Schiffl<br />

<strong>The</strong> <strong>European</strong> <strong>Business</strong> <strong>and</strong> Investment <strong>Magazine</strong> <strong>iconannual</strong> 117

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