Taking the Journey to the Next Level Featuring Carla Harris Vice - - PowerPoint PPT Presentation

Third Annual Advancing Women in Aviation Roundtable Luncheon January 17, 2017

Taking the Journey to the Next Level

Amelia Anderson

Managing Director & Assistant Treasurer American Airlines

Sarah Briand

Vice President, Asset Finance Group Morgan Stanley

Featuring

Carla Harris

Vice Chairman, Global Wealth Management Morgan Stanley

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• Welcome
• Recap key concepts, set the stage for today’s discussion
• Keynote address and Q&A with Carla Harris
• Lunch and tabletop exercises
• Table report-outs
• Adjourn

Agenda

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Dana’s Special Project

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Recap of Key Concepts

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Public Enemy Number One: The “Leaky Pipeline” for Leadership

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Entry Level Manager

• Sr. Manager /

Director VP SVP C-Suite 45% 37% 32% 27% 23% 17%

Gender Representation in the Corporate Pipeline in 2016

% of Employees by Level

% of Women in Pipeline in 2015

19% 24% 29% 33% 37% 46% 81% 76% 71% 67% 63% 54%

Women Men

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• Unconscious bias
• Bias in recruiting processes and development programs
• Women’s own behaviors
• “Maternal wall” and “second shift”
• Lack of “family friendly” HR policies, or unintended consequences
• f those policies
• Few female role models
• Diminished expectations that impact decisions

Drivers of the Leaky Pipeline

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• Build awareness of unconscious biases
• Evaluate recruiting processes and efficacy of HR programs
• Implement objective standards, measurement and accountability for decisions
• n hiring, promotions and key assignments
• Create meaningful opportunities to mentor and sponsor talented women
• CEO commitment is key!

Strategies for Change

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Mentorship and Sponsorship

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Gender Representation in the Corporate Pipeline in 2016

Entry Level Manager

• Sr. Manager /

Director VP SVP C-Suite 45% 37% 32% 27% 23% 17%

% of Employees by Level

% of Women in Pipeline in 2015

19% 24% 29% 33% 37% 46% 81% 76% 71% 67% 63% 54%

Women Men

Of those promoted to CEO in 2015, 90% came from line positions. 100% were men.

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What Happens to the Distribution of Women and Men in Line Roles

Women Men 56 61 54 51 50 48 63 68 63 65 62 67 Entry Level Manager

• Sr. Manager

Director VP SVP C-Suite

% of Women and Men in Line Roles (vs. Staff Roles) by Level

% 20% 80%

Gender Breakdown of All Line Roles at SVP Level

Line roles are positions with profit-and-loss responsibility and/or a focus on core operations. Staff roles are positions in functions that support the

• rganization like legal, human resources, and IT.

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• Women’s informal networks are less likely to provide pathways to line
• pportunities than are men’s (“old boys’ network”)
• Mentorship and sponsorship can provide meaningful alternatives to the

informal networks that women miss out on

• Mentors can coach and guide women, intentionally and regularly including

them in discussions of key strategic, financial and operational initiatives, and encouraging them to take on challenging roles

• Sponsors can advocate for consideration of women for promotions and key

assignments

• Both mentors and sponsors can recognize when women may want to

temporarily “ramp down” due to family considerations, and can help them get back in the game when they’re ready to “ramp back up”

How Do Talented Women Get There?

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Keynote Address

Carla Harris

Vice Chairman, Global Wealth Management Morgan Stanley

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Q&A with Carla Harris

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Lunch and Tabletop Exercises

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Select a “team captain” who will facilitate discussion, take notes, and report out for your

• table. Discuss two or more of the following questions.

1. Have you been a mentor to a woman or other diverse candidate? Did you choose them, did they choose you, or were you paired another way? What’s worked well, and what would you do differently? 2. As a leader, what steps might you take to facilitate and encourage mentorship and sponsorship of women in your organization? What guidelines might you put in place to support the development of lasting and mutually beneficial mentorship/sponsorship relationships? 3. What are the major pipelines for recruiting talent into your organization (e.g., certain universities/degree programs), and for developing high-potential employees (e.g., leadership development program). Are there biases in these pipelines that could limit the prospects for women? What steps could you take to mitigate the impact of these biases

• n hiring, promotions and leadership development?

Lunch and Tabletop Exercises

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4. What functional areas or positions in your organization are most likely to produce C-suite

• r CEO candidates? How well represented are woman in these areas or positions? What

actions might the firm take to promote the movement of more women into these areas or roles? 5. Do you think leaders are more likely to think of men or women for line roles or roles requiring heavy travel or international relocation? How might sponsors advocate for more women to be considered for these roles? How can organizations “remember” mothers who are ready to ramp back up? 6. Are managers in your organization held accountable for diversity? Are there objective standards for making hiring and promotion decisions? Is there independent review of the basis for such decisions? What actions might the firm take to ensure objectivity in such decisions?

Lunch and Tabletop Exercises (Cont’d)

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Report-outs and Wrap-up

Thank You and Safe Travels!

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1. Lean In and the McKinsey Company, "Women in the Workplace 2016“. https://womenintheworkplace.com/ 2.

• McKinsey. “Woman Matter 2013: Gender Diversity in Top Management: Moving corporate culture, moving boundaries.” McKinsey & Company. 2013. http://mwa.govt.nz/inspiring-action-for-gender-balance/women-matter-2013-gender-

diversity-top-management-moving 3. Lipman, Joanne. “Women at work A guide for Men.” Wall Street Journal. Dec 12, 2014. http://www.wsj.com/articles/women-at-work-a-guide-for-men-1418418595 4. Kantor, Judi. “Harvard Business School Case Study: Gender Equity.” New York Times. Sept 7 2013. http://www.nytimes.com/2013/09/08/education/harvard-case-study-gender-equity.html?pagewanted=all&_r=0 5. Eagly, Alice, and Linda Carli. “Women and the Labyrinth of Leadership.” Harvard Business Review. Sept 2007. https://hbr.org/2007/09/women-and-the-labyrinth-of-leadership 6. Miller, Claire. “Even Among Harvard Graduates, Women Fall Short of Their Work Expectations.” New York Times. Nov 28, 2014. http://www.nytimes.com/2014/11/30/upshot/even-among-harvard-graduates-women-fall-short-of-their- work-expectations.html 7. Ibarra, Herminia, Robin Eli, and Deborah Kolb. “Women Rising: The Unseen Barriers.” Harvard Business Review. Sept 2013. https://hbr.org/2013/09/women-rising-the-unseen-barriers 8. Harrington, Brad. “Got Talent? It isn’t Hard to Find.” The Shriver Report. Nov 11, 2009. http://shriverreport.org/got-talent-it-isnt-hard-to-find/ 9. Barsh, Joanna, and Lareina Yee. “Unlocking the full potential of Women in the U.S. Economy.” McKinsey & Company. April, 2011. http://www.mckinsey.com/client_service/organization/latest_thinking/unlocking_the_full_potential 10. Wirz, Monica. “Opting for an MBA Education: A Gender Analysis.” Cambridge Judge Business School. Jan 18, 2015. http://www.citywomen.co.uk/index.php/opting-mba-education-gender-analysis/ 11. WSJ Women in the Economy and Executive Task Force. “Unlocking the Potential of Women in the Economy, A research Initiative.” WSJ. March 28, 2012. http://online.wsj.com/public/resources/documents/womenreportnew.pdf 12. Korn Ferry, "Diversity Scorecard 2016: Building Diversity in Asia Pacific Boardrooms“. http://www.kornferry.com/institute/korn-ferry-diversity-scorecard-2016-building-diversity-in-asia-pacific-boardrooms 13. International Labour Organization, "Facts on Women at Work“. http://www.ilo.org/wcmsp5/groups/public/---dgreports/---dcomm/documents/publication/wcms_067595.pdf 14. Catalyst, "Working Parents“. http://www.catalyst.org/knowledge/working-parents#footnote13_nqq6u25 15. Gender Equality Bureau Cabinet Office, "Gender Equality in Japan“. http://www.gender.go.jp/english_contents/about_danjo/index.html 16. Reuters, "Work Life Balance is an Empty Slogan for Many Women in Japan“. http://qz.com/291065/work-life-balance-is-an-empty-slogan-for-many-women-in-japan/ 17. Society for Human Resource Management, "Work Live Issues Major Barriers to Women in Asia“. https://www.shrm.org/ResourcesAndTools/hr-topics/global-hr/Pages/Work-Life-Issues-Women-Asia.aspx 18. Amantullah, Emily. “Negotiating Gender Roles: Gender Differences in Assertive Negotiation Are Mediated by Women ‘s Fear of Backlash and Attenuated When Negotiation on Behalf of Others.” Journal of Personality and Social Psychology, Vol98 (2), Feb 2010, 256-267. http://moodle.tau.ac.il/pluginfile.php/270234/mod_resource/content/1/JPSP_NegotiatingGenderRoles.pdf 19. Anita Woolley, Thomas W. Malone and Christopher F. Chabris, “Why some teams are smarter than others.” New York Times. Jan 16, 2015. http://www.nytimes.com/2015/01/18/opinion/sunday/why-some-teams-are-smarter-than-

• thers.html

20.

• PWC. “Mending the Gender Gap: Advancing Tomorrow’s Women Leaders in Financial services.” PWC. May 2013. http://www.pwc.com/en_US/us/financial-services/publications/assets/pwc-advancing-women-in-financial-

services.pdf 21. Lopez, Augusto, and Saadia Zahidi. “Women’s Empowerment: Measuring the Global Gender Gap.” World Economic Forum. 2007. http://www.weforum.org/pdf/Global_Competitiveness_Reports/Reports/gender_gap.pdf 22. Zahidi, Saadia. “The Corporate Gender Gap.” World Economic Forum. 2010. http://www.weforum.org/issues/corporate-gender-gap 23. Barrett, Clear. “Boardroom Success hides trouble below.” Financial Times. Sept 18, 2014. http://www.ft.com/intl/cms/s/0/c7a23ae4-3911-11e4-9526-00144feabdc0.html#axzz3PyCoDjy7 24. Marsh, Virginia. “We Need to Make paternity leave trendy.” Financial Times. Sept 18, 2014. http://www.ft.com/intl/cms/s/0/f4d4f33e-3912-11e4-9526-00144feabdc0.html 25. Smedley, Tim. “The gender pay gap is growing wider, especially for mothers.” Financial Times. Sept 18, 2014. http://www.ft.com/intl/cms/s/2/4204de1e-2d4f-11e4-8105-00144feabdc0.html#axzz3PyCoDjy7 26. Mason, Malia. “Role of Gender and Propensity to Initiate Negotiations.” Columbia University. 2014 27. CBS Reflects. “Gender Equality 2013-2014.” Columbia University

References and Suggested Further Reading

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AWAR 2017 Attendees

First Name Last Name Title Company Aengus Kelly CEO AerCap Kerrie Barry Leasing Coordinator AerCap Eimear Gilmartin Vice President Corporate Group Treasury AerCap Tamzin Lawrence Vice President Corporate Group Treasury AerCap Maria Moloney Director Pricing AerCap Helen Kotsovos Director Financing Air Canada Liz Barry Executive Director and Head of Corporate Affairs Airbus Andreas Hermann VP Asset Management Airbus Sarah Clarkin SVP - Legal AirCastle Vivienne McBride Senior Vice President Marketing AirCastle Paul O’Callaghan CIO AirCastle Jane O'Callaghan Chief Commercial Officer ALAFCO Jude Bricker SVP, Planning and COO Allegiant Paul Nelson Partner Allen & Overy LLP Irena Badelska Head of Business Development and IR Amedeo Amelia Anderson Managing Director and Assistant Treasurer American Airlines Gregory Bristol Senior Manager, Corporate Finance American Airlines Ankush Chowdhury Manager, Treasury American Airlines Beth Gordon Henry Leadership Development American Airlines James Hall Director, Corporate Finance & Debt Administration American Airlines Fred Swanevelt Senior Manager, Fleet Transactions American Airlines Philip Tozer- Pennington Managing Director Aviation News First Name Last Name Title Company Denis Kalscheur Board of Directors Avolon Nina Austin Vice President Bank of America Shawn Cepeda Managing Director Bank of America Carolanne Cunningham Associate General Counsel Bank of America Jay Johnston Managing Director, Investment Banking Bank of America John Lewis Managing Director Bank of America Anne Morrissey MD Leasing Business, Dublin Bank of America Irada Mamedova AVP Marketing Bank of America Leasing Olivier Trauchessec Managing Director, Head of Transportation Bank of Tokyo-Mitsubishi George Kim Managing Director, Capital Markets Barclays Donald Gray Partner Blake, Cassels & Graydon LLP Auriol Marasco Associate Blake, Cassels & Graydon LLP Stephanie Klein Vice President BNP Paribas Robert Papas Director, Aviation Finance Group BNP Paribas Claire Leow Head of Investor Relations & Corporate Communications BOC Aviation Sylvia Li Assistant Vice President BOC Aviation Steven Townend CCO BOC Aviation Catherine Kolimas Director Castlelake Rose Neale Head Aviation Counsel Castlelake Winnie Liu Deputy CEO & Executive Director China Aircraft Leasing Group Jeff Knittel CEO CIT Kathleen Murphy Vice President, Commercial Air CIT

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AWAR 2017 Attendees (Cont’d)

First Name Last Name Title Company Anyi Lee Associate, Capital Markets Citibank Meghan O'Connor Vice President, Investment Banking Citibank Louise O'Mara Director, Corporate Banking Citibank Helane Becker Managing Director Cowen and Company Gene Levitin Managing Director Credit Agricole Adrienne Molloy Managing Director, Asset Finance Credit Industriel et Commercial Dan Melaugh Associate Credit Suisse Kasey Rischmann Associate, Debt Capital Markets Credit Suisse Paul Brusiloff Partner Debevoise& Plimpton LLP Le Lam Counsel Debevoise& Plimpton LLP Lillian Wei VP, Capital Markets Deutsche Bank Tetyana Orlova Corporate Finance/Leasing DLH Sibylle Paehler Managing Director Doric Asset Finance Corina Sylira Managng Director - Aviation Financial Consultancy DVB Bank SE Renata Pozzi Fuchs Sales Financing Manager Embraer John Slattery President Embraer Nirmal Govindadas Senior Vice President - Corporate Treasury Emirates Anfal Mahmood Corporate Finance Manager Etihad Michael Nissyrios Senior Vice President - Financing Etihad Lucy Wraith Legal Counsel Falko Regional Aircraft Tory Koob Senior Associate Freshfields Bruckhaus Deringer LLP Mary Bradford Senior Vice President and Legal Counsel GE Capital Aviation Services First Name Last Name Title Company Alec Burger CEO & President GE Capital Aviation Services Laura Burke VP Mature Engine Portfolio GE Capital Aviation Services Greg Conlon Executive Vice President, Capital Markets GE Capital Aviation Services Virginia Connolly SVP & Strategic Marketing Leader GE Capital Aviation Services Chris Damianos EVP & Manager Specialty Markets GE Capital Aviation Services Caimin Dolphin Senior Vice President Sales and Marketing GE Capital Aviation Services Sean Flannery EVP Technical & General Manager GE Capital Aviation Services Declan Harnett EVP And Europe and Canada Region Manager GE Capital Aviation Services Declan Kelly SVP, Sales and Marketing GE Capital Aviation Services Denise Mangan Fahy Senior Vice President Portfolio Planning & Operations GE Capital Aviation Services Lisa Sheehan Senior Vice President Sales and Marketing GE Capital Aviation Services Jared Ailstock Vice President, Investment Banking Division Goldman Sachs & Co. Justine Fisher Senior Research Analyst Goldman Sachs & Co. Radha Tilton Managing Director, Capital Markets Goldman Sachs & Co. Murrae Ross-Eskell Managing Director Horizon Executive Search Fiona Scott Consultant Horizon Executive Search Mylene Scholnick Principal ICF Toby Bright CEO Jackson Square Tim Lynes Washington Managing Partner Katten Muchin Rosenman LLP Killian Croke Aviation Audit & Assurance KPMG Tom Woods Partner KPMG Marjan Riggi Managing Director, Financial Institutions & Corporates Kroll Bond Rating Agency

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AWAR 2017 Attendees (Cont’d)

First Name Last Name Title Company Graeme Smyth Partner Latham & Watkins LLP Kevin Fingeret Partner Latham & Watkins LLP Christine O'Donovan Partner Mason Hayes & Curran Catherine Deanne Partner McCann FitzGerald Georgina O'Riordan Partner, Asset Finance Group McCann FitzGerald Arnold Peinado Partner Milbank, Tweed, Hadley & McCloy LLP Elihu Robertson Partner Milbank, Tweed, Hadley & McCloy LLP Jo Syrett Partner Milbank, Tweed, Hadley & McCloy LLP Minoru Kawahara Head of Finance Group Mitsubishi Aircraft Corporation America, Inc. Sarah Briand Vice President Morgan Stanley Wiley Griffiths Managing Director Morgan Stanley Carla Harris Vice Chairman Morgan Stanley Lily Cheung Director, Capital Markets Natixis Louis Douady Managing Director, Head of Aviation Group Natixis James Geldenhuys Head of Aircraft Finance Nedbank Marie- Louise Kelly CFO ORIX Aviation Jorge Paz Founding Partner Paz Horowitz Mark Lessard Partner Pillsbury Winthrop Shaw Pittman LLP Haiyan Zheng Head of Aircraft Acquisition PingAn Leasing Hendrik Deurloo Senior Vice President , Customers Pratt & Whitney Kevin Horan SVP Human Capital Seabury Group Marie-Pierre Dhers Senior Advisor SkyWorks Capital First Name Last Name Title Company Peter Barrett CEO SMBC Aviation Capital Viktoriia Gasymova Aviation Finance, AFCD SMBC Aviation Capital David Swan COO SMBC Aviation Capital Chris Monroe Treasurer Southwest Ted Christie SVP & Chief Financial Officer Spirit Airlines Betsy Snyder Director, Corporate & Government Ratings Standard & Poor's Meghan Montana Global Account Manager, International Corporates, Corporate & Institutional Banking Standard Chartered Bank Raquel Brinkman President Triton Aviation Gerry Laderman Treasurer United Airlines Roisin Boylan Student University College Dublin Sophie Carey Senior Manager, Career Development & Skills University College Dublin Mehtap Cevher Conti Shareholder, Co-Chair of WAVES, Global Transportation Finance Vedder Price Kaufman Kammholz Cameron Gee Shareholder Vedder Price Kaufman Kammholz Kevin MacLeod Shareholder - Head of the New York Capital Markets Group Vedder Price Kaufman Kammholz Maryanne Fike CEO Via Capital Partners Adrian Beasley Partner White & Case LLP Justin Benson Partner White & Case LLP Louise Mor Partner White & Case LLP Alison Weal Partner White & Case LLP Donal Boylan