Baker McKenzie Global Chair, Milton Cheng has reinforced the commitment of the leading global law firm to join Catalyst's mission to elevate women in leadership roles.
Milton is one of 70+ CEOs involved in the Catalyst For Change initiative to advance diversity, equity, and inclusion in the workforce. Catalyst's 2020 report, Towards a More Equitable Future, found that Catalyst For Change companies are addressing challenges in the representation of marginalized groups by building a strong foundation at the manager level.
The Catalyst CEO Champions For Change are using their voices to advance women across the leadership pipeline. The 2020 report identifies ways global companies can collect data on ethnicity and race in their organizations, as well as highlighting the latest statistics for women's representation in the global leadership pipeline. It also explores ways to measure the representation of women who identify with underrepresented ethnic and racial groups and provides a three-step plan to help organizations accelerate their journey toward equity:
- Step 1: Get educated on intersectionality.
- Step 2: Establish a system for collecting reliable data on race and ethnicity.
- Step 3: Start the conversation about racism.
You can read the full report here.
Milton Cheng, Baker McKenzie Global Chair commented; "Twenty years after electing the first female Chair of any global law firm, we are proud to say that once again we are leading the way in the legal sector. To demonstrate our commitment to being inclusive, we have set global aspirational targets of 40% women, 40% men and 20% flexible (women, men or non-binary persons) by 2025. This target applies to Partners, senior business professionals, firm committee leadership and candidate pools for recruitment.”
“Women, and particularly women of color, continue to face entrenched barriers to advancement in companies across the world, but it’s important that Catalyst CEO Champions For Change companies continue to demonstrate collective progress,” said Catalyst President & CEO Lorraine Hariton. “We know more work needs to be done, but the data show positive gains, and we’re proud to partner with these CEOs in this effort.”
This pledge follows Baker McKenzie's earlier commitment with Catalyst in 2020. The Firm became one of 56 companies and organizations who have joined Catalyst's Gender and Diversity KPI Alliance (GDKA) to support the adoption and use of a set of key performance indicators (KPIs) that will measure gender and diversity.
The GDKA signators are committed to using or working to implement three key performance indicators to evaluate diversity:
- Percentage of representation on an organization’s board
- Percentage of representation by employee category
- Pay equality: the ratio of compensation by employee category (e.g., equal pay for equal work)