The Visionary Awards Committee (the committee) carefully reviews and discusses a variety of quantitative and qualitative information provided by third-party sources including company websites, SEC documents, research analyst reports, and press clippings.
In addition, nominees are assigned to individual committee members who conduct personal research and present their findings. Information obtained by committee members using their networks and access to other knowledgeable sources is used in the evaluation of candidates and selection of awardees.
Companies are required to have at least $500 million in annual revenues and be in business operation for more than five years.
Each awardee must demonstrate that their company has 30% and/or three women or more on their board and 20% or more executives in their C-suite. The committee will also consider those companies demonstrating a commitment to expanding female board members and that currently have a meaningful representation of female executives in their C-suite.
Additionally, an awardee must have a proven track record for best in class governance, workforce diversity and inclusion and consistently strong financial performance.
The company CEO must be present to accept an award. In the event that he/she is unavailable then their female board member(s) must be present to accept on their behalf.
In addition to these guidelines, criteria specific to each award category are as follows:
WCD Visionary Award for Leadership and Governance of a Public Company
• The company is a recognized industry leader and/or innovator with consistently strong financial results and long-term stock growth.
• The company is a good corporate citizen and plays a meaningful role in contributing to their community.
• The company may also have been a recipient of prominent awards for diversity and inclusion (e.g. Catalyst) and may appear in Fortune/Forbes “Best Places to Work” annual rankings.
• The company successfully manages its impact on the environment.
WCD Visionary Award for Innovation in Shared Value
• The company demonstrates a measurable track record of leadership in overall ESG performance based on published ESG statistics and/or is recognized for its innovative and impactful programs that encompasses:
How well does a company manage its environmental challenges, including its efforts to reduce or offset the impact (e.g. carbon footprint) of its products and operations?
• Engagement with its communities:
How well does a company manage its impact on the communities where it operates, including its treatment of local populations, its handling of human rights issues and its commitment to charitable giving?
• Employees & Supply Chain:
How well does a company manage its employees, contractors and suppliers and issues related to labor-management relations, anti-discrimination policies and practices, employee safety and the labor rights of workers throughout the company supply chain?
How well does a company measure the quality and strength of its products and services safety records, its marketing practices, its response to customer issues/complaints and its involvement in anti-competitive controversies?
• Governance & Ethics:
How well does a company assure tone at the top? What commitment has the company demonstrated to management and board accountability, company sustainability reporting and business ethics programs? How strong are the company’s investor relations programs and management practices as measured by industry benchmarks and/or independent assessments?
WCD Visionary Award for Leadership and Governance of a Private Company
• The CEO has made a significant individual contribution and is respected in their industry as a role model inside and outside of the company.
• The company is rapidly growing or is already established, exhibiting innovation, creativity, engagement in its community, and good governance systems and processes.
WCD Visionary Award for Strategic Leadership
• The nominee must be a current female CEO or female board chair who demonstrates leadership through innovation, board and management team diversity, the successful pursuit of long-term strategic growth and a proven track record of strong financial results.
• The CEO has developed, mentored and promoted female employees in C-suite positions.
• The CEO and their company play a meaningful role in contributing to their community.