CHICAGO–(BUSINESS WIRE)–BDO USA, LLP, one of the nation’s leading accounting and advisory firms, has been named one of the 2020 “Top Companies for Executive Women” by the National Association for Female Executives (NAFE) for the sixth year.
Released today and featured in the April/May issue of Working Mother, the NAFE Top Companies list recognizes organizations that have made a significant impact in helping women advance to executive levels. It evaluates mentoring and sponsorship programs, as well as employee resource groups and leadership development training opportunities. The CEO and other leaders at the top 70 companies are deeply involved in establishing notable company benefits and corporate culture initiatives that have made a significant impact for gender-equity.
“A commitment to workplace inclusion and professional advancement is a critical part of BDO’s culture and business,” said Cathy Moy, chief people officer of BDO USA. “We’re proud to have a strong pipeline that advances women into leadership roles, and that our board of directors includes four women, including our board chair. Being recognized by NAFE for the sixth year is a testament to our commitment as a people-first organization and our core purpose of helping people thrive every day.”
Referring to the SP 500, where only 6% of CEOs are women, NAFE President Dr. Betty Spence said: “Our research ‘The Gender Gap at the Top: What’s Keeping Women from Leading Corporate America’ uncovered the alarming fact that men — not women — are being trained and selected for the revenue-generating positions that lead to the top job. At the NAFE Top Companies, we do report small increases in women running major operations and moving into the C-suite, and we encourage all companies to focus on gender equity in their succession planning.”
“The 2020 NAFE Top Companies continue to tell the story of what organizations are doing to move women into executive positions by communicating the value of PL roles and ensuring equity in executive succession planning,” said Subha V. Barry, president, Working Mother Media. “However, corporate America is finally beginning to realize that there is still much work to do. There are still too few women with this experience, but the NAFE Top Companies continue to pave the way for the advancement of women.”
About the Methodology
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 take advantage of 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.
Other BDO Honors
BDO USA has been named one of Working Mother’s 100 Best Companies for nine consecutive years and was recognized as one of the Best Companies for Dads in 2018. BDO’s inclusion in NAFE’s Top Companies for Executive Women this year marks the firm’s sixth year on the list.
BDO is the brand name for BDO USA, LLP, a U.S. professional services firm providing assurance, tax, and advisory services to a wide range of publicly traded and privately held companies. For more than 100 years, BDO has provided quality service through the active involvement of experienced and committed professionals. The firm serves clients through more than 60 offices and over 700 independent alliance firm locations nationwide. As an independent Member Firm of BDO International Limited, BDO serves multi-national clients through a global network of more than 88,000 people working out of over 1,600 offices across 167 countries.
BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand name for the BDO network and for each of the BDO Member Firms. For more information please visit: www.bdo.com.
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.