March 3, 2020
TIAA has been named one of the 2020 NAFE Top Companies for Executive Women by the National Association for Female Executives (NAFE). This is the ninth time TIAA has received this award. NAFE and Working Mother celebrate the successes of trailblazing companies that create opportunities to move more women into top positions.
"TIAA is honored to receive this recognition. Our dynamic commitment to inclusion and diversity drives innovation and enables us to better understand and serve the unique needs of our clients. TIAA was at the forefront of inclusion and diversity for women leaders with the appointment of the first female board member in the 1940's. Today, we continue to make pioneering strides toward empowering and opening more opportunities for women to be leaders and have their voices heard, particularly in the midst of change and evolving business needs," said Corie Pauling, Chief Inclusion & Diversity (I&D) and Corporate Social Responsibility (CSR) Officer at TIAA.
The list recognizes 70 US companies that execute focus and best practices to move women to senior ranks, including mentoring, sponsorship, involvement in employee-resource groups and leadership-development training. The list also highlights company benefits and corporate cultures of accountability for gender equity results, including the involvement of the CEO and top leaders in advancing women. The NAFE Top 70 Companies will be featured in the April/May 2020 issue of Working Mother.
Highlights of the 2020 NAFE Top 70 Companies include:
- Female representation among CEOs at the NAFE Top 70 companies increased 3 percentage points to 22 percent this year, outpacing the S&P 500 at 6 percent. 38% of the people reporting to the CEO of TIAA are women.
- The percentage of women on the boards of directors at the NAFE Top 70 companies increased 2 points to 34 percent, up from 32 percent in 2019. TIAA's percentage of women on the board is 47%.
- Female executives responsible for divisions worth more than $1 billion was 38 percent, up from 26 percent last year. Fifty percent of women at TIAA are in P&L positions.
The 2020 NAFE Top 70 Companies application includes more than 200 questions on topics including female representation at all levels, but especially the corporate officer and profit-and-loss leadership ranks. The application tracks and examines how many employees have access to programs and policies that promote advancement of women and how many employees benefit from them, plus how companies train managers to help women advance. To be considered, companies must have a minimum of two women on their boards of directors, a US-based CEO and at least 1,000 US employees.
The National Association for Female Executives (NAFE), founded in 1972, serves members with networking, tools, and solutions to strengthen and grow their careers and businesses. Working Mother magazine publishes the annual NAFE Top Companies list. NAFE.com provides up-to-date information, a community for women in business, and access to member benefits. NAFE is a division of Working Mother Media, owned by Bonnier Corporation.
To see more details about TIAA's representation of women in leadership roles, click hereOpens PDF.