INSEAD Alumni Balance in Business Awards 2024 - Categories & Criteria

Awards criteria

The BiB Awards 2024 aim to recognise:

The best gender balance (%) representation at Exco/direct reports level based on the FTSE Women Leaders Review
Organisations leading the way through innovation, re-designing policies and levelling the playing field for women and men in the workplace

Trailblazer ExCo & Direct Reports

How close is the organisation to a 50/50 gender split?
What is their gender split versus the average for their sector?
Do they have female representation in one / both of the Chief Executive Officer and Finance Director roles?
Evidence of any impact on the wider sector/industry/society
Evidence of clear targets/KPIs e.g. promotion/progression especially to ExCo level and above and pay/reward linked to progress on closing any gender gap
Evidence of other initiatives to close any gender gap (e.g. opportunities for furthering career, flexible/family-friendly working policies/practices, etc.)
Evidence of systemic measurement/monitoring systems so that progress can be tracked/rewarded and/or evidence of measuring/monitoring the gender pay gap at ExCo and Direct Reports level
Notable % changes in gender representation numbers in comparison to one year ago

Best overall ExCo, Direct Reports and Board representation

As above, but inclusive of Board (for example, taking into account female representation in the Chair and Senior Independent Director role as well as Chief Executive Officer and Finance Director role)

Best Strategy

How thoughtful and innovative have they been about their strategy?
How deeply have they understood the root causes of lack of gender balance and addressed them in the organisation?
How successful have they been at rolling out their strategy? How fully implemented and monitored are the measures they have taken?
How thoughtful have they been around the areas for development / things that haven’t been as successful?
Evidence of how the strategy is impacting the organisation incl. culture, recruitment, retention

Most Impact

Change over the last year on # and % at Board, ExCo and Direct Reports
Impact of their initiatives on financial performance
Impact of their initiatives on other areas of your business (e.g.: recruitment, retention, leadership, corporate culture, etc.)

Applications closed on 15th December 2023

If you have any questions, do not hesitate to contact us on info@balanceinbusiness.org