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Strategic Dialogue and Exchange Program

Diversity as a “critical ingredient for success,” according to OECD Executive Director Ms. Josée Touchette

By Jackie Enzmann, Chief Editor


December 11, 2019
6 Min. Read
The Middle East and Islam Program Department of the Sasakawa Peace Foundation (SPF) recently welcomed Ms. Josée Touchette, Executive Director at the Organization for Economic Co-operation and Development (OECD), to the foundation on November 26, 2019, for an event entitled “Women’s Empowerment in International Organizations.” During her keynote remarks, Ms. Touchette outlined the state of women’s empowerment writ large, informed by the latest OECD research as well as her own experience beginning as a young lawyer working in government to her current leadership position in the OECD.
 
Nobuo Tanaka, Chairman of SPF, opened the event by introducing the breadth of projects underway at the foundation focusing on women’s empowerment or gender-related issues. These activities include collaborative research between SPF and Iran, the establishment of the Asia Women Impact Fund to support women entrepreneurs in Southeast Asia, and a project considering the role of men and masculinity in the context of gender equality.
SPF Chairman Nobuo Tanaka

SPF Chairman Nobuo Tanaka

“We are very proud that the Sasakawa Peace Foundation is trying to promote the empowerment of women in many areas,” said Mr. Tanaka. “Today I am happy to listen to Madame Touchette talk about her expertise, her experiences, and how she made the OECD an organization that’s very much open to women, and successful women especially.”

Since 2017, Ms. Touchette has served as an Executive Director of the OECD, overseeing overall corporate strategic directions encompassing financial and human resources management, internal communication, and other operational services. Before joining the OECD, she held a range of positions in the Canadian government including Chief Operating Officer at the National Energy Board, Assistant Deputy Minister at the Department of National Defence, and positions in the Canadian International Development Agency.

Throughout her remarks at SPF, Ms. Touchette outlined the ways that women continue to face significant headwinds in the workplace. According to OECD statistics, women still hold less than 5% of CEO positions globally and – in addition to being paid less overall – women continue to carry the bulk of unpaid caregiving work. “At the current rates of progress, it will take 108 years to close the gender gap and 202 years to achieve parity in the workforce. Even with the longevity rates in Japan, these are statistics that are a little bit frightening,” she said.
OECD Executive Director Ms. Josée Touchette

OECD Executive Director Ms. Josée Touchette

To counteract these trends, Ms. Touchette argued that companies should be more aware of the ways that greater diversity in the workplace can produce benefits not only for individuals but also for businesses more broadly. On the financial side, statistics from 2005-2015 show that companies with at least one female director on average saw a boost of 3.5% in annual returns when compared to companies without any women directors. Other research has shown that greater diversity in the workforce plays a key role in preventing groupthink, mitigating overconfidence in decision-making, and boosting creative policymaking. Furthermore, companies with greater gender diversity generally suffer fewer scandals from poor governance including cases of corruption, fraud, and others.
“For any future leader or any leader in this room, if you strive for excellent governance, strategic foresight, or a balanced portfolio, diversity is a critical ingredient for success,” she argued.
 
Accordingly, as one of a growing number of women directors currently at the OECD, Ms. Touchette has championed internal policies that develop and showcase female talent as part of larger efforts to cultivate a more inclusive working environment. She also clarified that diversity as an umbrella term should encompass a broad spectrum of individuality that in addition to gender also includes personal identifiers such as ethnicity, age, sexual orientation, religion, and cultural diversity. “It’s the intersection between different social categories that is shaping how we are now thinking about diversity,” she explained. “Inclusion means being able to bring all of [our] social categories to the table.”
Q&A session with the audience

Q&A session with the audience

Looking to the future, Ms. Touchette synthesized her strategy into what she called the “four C’s:” choosing where to devote resources to increase diversity, coercing people to put policies in place that support equal opportunity for all, convincing the public that diversity is a critical ingredient for success by leveraging data and effective storytelling, and cajoling those in positions of power to continue striving for greater diversity and inclusion.

During the Q&A session following the lecture, Ms. Touchette fielded a range of often personal questions from the audience. Her answers touched on topics including the impact of unconscious bias in the workplace, advice for how to encourage Japanese businesses to incorporate women’s empowerment into internal dialogues, and the potential impact of cultural differences when discussing gender equality in an international context. She also maintained the importance of employing evidence-based indicators to make the case for greater gender equality and urged the seminar participants to remain dogged in their pursuit of greater empowerment in the workplace.

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