On March 5, Gena Smith, Senior Vice President, Human Resources of LVMH took part in the 6th Annual Women's Empowerment Principles Event held at the United Nations Headquarters in New York City.
Fostering an environment of excellence and equal opportunities, LVMH aims to give both male and female talent an opportunity to thrive and explore their full potential. On November 13th 2013, LVMH and 30 Maisons of the Group signed the Principles during LVMH's D-Day dedicated to talent development.
A product of collaboration between UN Women and the UN Global Compact, the WEPs are a set of 7 principles offering guidance to businesses on the empowerment of women in the workplace, marketplace and community. Reinforcing the Group’s commitment to the development and support of female talent, Gena Smith highlighted the concrete actions and initiatives undertaken by LVMH.
“LVMH leadership fully believes that gender equality is essential for good business development, the principles fit perfectly with our internal strategy. For the past 6 years the Group has been determined to move towards being more gender-balanced, in particular at top level,” declared Gena Smith.
Currently, 61% of LVMH managers are women, while female representation within the managing committees of the brands stands at 37%. The Group aims to achieve a 40% representation by 2015; its current actions supporting the WEPs include mentoring and networking programs, actions to prevent gender discrimination, policies assisting parenthood and community initiatives.