Business Events Sydney (BESydney) and the PCMA Foundation have released the final report of Advancing Women in Business Events, a two-part global study focusing on the advancement of women in the industry, specifically the gender disparity in leadership, despite being a female-dominated field. The partners plan for the study to be conducted every two years to benchmark and track progress. The initial findings report, released during Convening Leaders in January 2024, quantified the size of the problem globally and identified the numerous challenges faced by women, including multifaceted barriers to advancement across personal, organisational, and societal levels. The comprehensive report now quantifies the representation of female leaders in the business events industry relative to the global workforce and explores possible reasons why there are so few in the C-Suite and at the Board level. BESydney CEO, Lyn Lewis-Smith said: “Gender equity in leadership is not a problem unique to our industry, but the steps we can take to shift the dial are. Everyone in our ecosystem has a role to play, from the individual, to employers, and as an industry as a whole. Our clients expect us to walk the talk. It is important industry leaders lead the change now that ESG and Diversity Equity and Inclusion have moved from a ‘nice to have’ to a business imperative.” The recommended actions to remove barriers and accelerate the advancement of women across the personal, organisational, and societal perspectives, include, but are not limited to: Personal
- Identify and break self-limiting habits
- Improve negotiation skills
- Advocate for organisational change
Organisational
- Ensure top-level commitment
- Offer tailored coaching
- Promote inclusive leadership development
Societal/industry-wide
- Establish a cross-industry steering committee
- Create women’s mentorship programme/circles
- Procurement from diverse/women-owned businesses
Of critical importance for BESydney and PCMA is the clear understanding of the barriers and a resolute commitment to foster a collaborative industry-wide effort to implement the recommended actions ultimately reversing systemic disparities and paving the way for a more inclusive future for women leaders. “The global business events industry has an opportunity to be bold, challenge the status quo and set forth a vision that eliminates barriers. We must be held accountable,” said Sherrif Karamat, PCMA and CEMA president & CEO. “While much is being done to support women as a result of DEI across all underrepresented groups, our industry can dismantle unnecessary obstacles to help women advance into leadership roles.” The comprehensive report is available for download here. You can also read Lyn Lewis-Smith’s exclusive interview with CMW out now.
