WHAT WE DO
Women and men should have equal rights and opportunities to influence and develop in their professions and at their workplaces. This is not the reality today - and this is what Allbright wants to change. Allbright is a politically-independent, non-profit foundation that promotes equality and diversity on the executive business level in Sweden. We work actively to influence decision-makers in the business sector to work consciously and purposefully to increase the proportion of women in senior positions. We continually identify the gender balance of business management teams and boards of directors to highlight the issue of representation. Allbright aims to shift the debate from discussing problems to delivering solutions.
ALLBRIGHT AT TEDx
Amanda Lundeteg, CEO of Allbright, explains how methods of blacklisting can drive change. She questions corporate cultures and the narrow perception of expertise in a 14-minute speech entitled 'Who Cares' which she delivered in Uppsala, Sweden.
Allbright offers lectures to organisations and companies that are dedicated to benefiting from the strengths of diverse workplaces on meritocratic grounds. We share the facts from our reports and provide tips on how your organisation can become more equal and diverse. We give lectures for all kinds of groups and can tailor presentations to fit your organisation. For reservations and/or pricing, please contact us.
Allbright continually reviews gender representation in the business sector. Each year, we publish two reports. In the autumn, we release The Allbright Report that monitors gender diversity in the management teams of listed companies in Sweden. And in the spring, we investigate a specific area. So far, we have reviewed listed companies' boards of directors and nominating committees as well as gender equality in the legal profession and gender equality in private equity.
Puppeteers of the stock market, March 2018
The nomination committees are the hidden power of the Stock Exchange –and only 13 per cent of nomination committee members are women. Interviews with board members and representatives from the nomination committees stress the importance of gender equal boards, but gender equality in nomination boards is not seen as relevant question.
Women CEOs choose gender equality, September 2017
The Allbright report 2017 shows modest progress. The proportion of women increases by a percentage point from last year, reaching 21 per cent. The same bleak result is seen in CEO positions where women are stuck at six per cent. Those believing in rapid change towards gender equality must be disappointed.
Around 85 per cent of companies are still dominated by men and thus hindering improvement.
Private Equity plagued by macho culture, March 2017
Only three per cent of all partners in private equity (PE) firms are women, while 15 out of 18 firms have management teams consisting of men only. Not a single role model for gender equality can be found in one of society’s heaviest spheres of power.
Virtually all people in Sweden are affected by private equity firms’ operations in some way. The firms have a total turnover of about 300 billion SEK, which is approximately eight per cent of Sweden’s GDP. These firms have a huge influence on the economy and society. But only a few women are invited.
One in five executives are woman,
Progress is in the air. The number of women in listed companies' executive management is increasing. More companies than ever have gender equal representation and the number of female CEOs is higher than in 2015.
We can not expect gender equal management teams until 2040. This year, the financiale sector made the greatest progress, with women representing 27 percent of management teams and the addition of four companies with female CEOs.
Wanted: 220 women,
Trends are clearly changing. There are more women than ever on boards of directors. If progress continues at this pace, listed companies’ boards of directors will be gender equal in just 10 years.
Nominating Committees however, are not doing as well and face the threat of new gender quota legislation proposed for the fall of 2016. To achieve gender equal boards of directors, 220 men will need to be replaced by women.
Allbright in the news
In Angela Merkel, German Women Find Symbol, but Not Savior - The New York Times, 13 September 2017
Leading The Way on Gender Equality? - BBC, 22 May 2017
Why Swedish workplaces aren't as equal as you think - BBC, 21 May 2017
Few women bosses in Sweden's private equity industry - The Local, 7 March 2017
UPDATE 2-SEB's CEO heads for Swiss private bank after navigating crisis - Reuters, 16 January 2017
‘Sweden may have equal boards in four years’ - The Local, 7 September 2015
Ewiges Bullerbü - Süddeutsche Zeitung, 26 July 2015
Why it’s better to be a business woman in Sweden than the UK - The Guardian, 30 October 2014
Jobseeking students told to boycott ‘sexist firms’ - The Local, 3 March 2014
Swedish boardrooms ‘full of clones’:report – The Local 18 November 2013