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2019 WomenCorporateDirectors Visionary Award Recipients to be Honored in Silicon Valley are Innovators and Leaders in Corporate Diversity and Inclusion

NEW YORK, May 17, 2019 /PRNewswire/ -- As WomenCorporateDirectors Foundation (WCD) prepares to open its innovation-focused Global Institute, the organization's Visionary Awards are recognizing corporate leaders for their innovation in diversity, inclusion, and corporate citizenship.

WomenCorporateDirectors - A Foundation Inspiring Visionary Boards Worldwide

WCD is honoring BMO Financial Group (BMO), Singapore Telecommunications Limited (Singtel), Hallmark Cards Inc., and Eileen McDonnell, CEO and Chairman of The Penn Mutual Life Insurance Company (Penn Mutual). The 2019 honorees were selected "based on proven industry leadership, demonstrated achievement in ESG ? environmental, social, and governance factors ? and an unwavering commitment to diversity and inclusion in the board room and C-suite," said awards committee co-chair Joan E. Steel.

This year's honorees are among those working to increase the number of women in senior roles. Only 27% of senior management roles in the S&P 500 are held by women, and the number of women CEOs ? now at 26 ? remains only 5.2%. Yet, study after study has shown the financial benefits of inclusivity ? with the latest research finding that inclusive organizations are 6X more likely to be innovative and agile and 2X more likely to meet or exceed financial targets. "This year's Visionary Award recipients from Canada, Singapore, and the United States are model corporate citizens and set a strong example for others around the world to follow," says Barbara Bowles, co-chair of the Visionary Awards committee with Steel.

The leaders being honored on May 20 at the Visionary Awards Dinner in Silicon Valley include:

Award for Innovation in Shared Value: BMO Financial Group (BMO)

Award for Leadership and Governance of a Public Company: Singapore Telecommunications Limited (Singtel)

Award for Leadership and Governance of a Private Company: Hallmark Cards, Inc.

Award for Strategic Leadership: Eileen McDonnell, Chairman and Chief Executive Officer of The Penn Mutual Life Insurance Company

The awards will be presented at the Visionary Awards Dinner on May 20, 2019, as part of its annual invitation-only Global Institute (May 19-22) in Silicon Valley; the Institute's theme is "Harnessing the Transformative Power of Technology." Both events are sold out. Follow #WCDSiliconValley on Twitter for updates on the Institute and Awards.

Some sessions of the Global Institute and Visionary Awards program will be open to select media. For media inquiries, please contact Suzanne Oaks Brownstein or Trang Mar of Temin and Company at 212-588-8788 or news@teminandco.com.

About WomenCorporateDirectors Education and Development Foundation, Inc.
The WomenCorporateDirectors Education and Development Foundation, Inc. (WCD) is the only global membership organization and community of women corporate directors. A 501(c)(3) not-for-profit organization, the WCD Foundation has 80 chapters around the world. The aggregate market capitalization of public companies on whose boards WCD Foundation members serve is over $8 trillion. In addition, WCD Foundation members serve on numerous boards of large private and family-run companies globally. For more information visit www.womencorporatedirectors.org or follow us on Twitter @WomenCorpDirs, #WCDboards.


SOURCE WomenCorporateDirectors Education and Development Foundation, Inc.

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