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INSEAD: INSEAD Professor Ludo Van der Heyden Honoured for Championing Economic Empowerment of Women


Governance expert earns award from International Alliance for Women for his
contributions to enhance global prosperity and spur greater Board diversity

Fontainebleau (France), Singapore and Abu Dhabi - April 11, 2014
Ludo Van der Heyden, professor of technology and the Mubadala Chair in
Corporate Governance&Strategy at INSEAD, has been named a recipient of the
"TIAW World of Difference 100 Award" for 2013. The honour is conferred
annually to up to 100 recipients around the world by The International
Alliance of Women (TIAW), a global nonprofit based in Washington, D.C., whose
programmes and resources are dedicated to the economic empowerment of women.
Professor Van der Heyden was among those honoured at a gala dinner on March
27, where he was distinguished as a "champion of women's economic
empowerment." The event was part of the TIAW Global Forum held March 26-28 in
Washington, D.C. Established in 2008, the award recognises the achievements
of women and men whose work promotes a more equitable world by supporting the
advancement women in the economy.

In his work, Van der Heyden has been a vocal proponent for women as they seek
greater Board representation. As Academic Director of INSEAD's Corporate
Governance Initiative-which provides leading-edge teaching and research to
strengthen better practises for Board directors-Van der Heyden has spurred
gender diversity, including a recent survey of Board members and governance
experts to ascertain the attitudes of directors about women in governance

Citing statistics that indicate only about 16% of Fortune 500 Board directors
are female, Van der Heyden has said of the disparity: "This is foremost a
democratic and societal issue about redressing what is a bias against women
as they move closer to the top of the corporate ladder. Most people by now
agree that this bias is unacceptable and that it ought to move away. And the
best place to make that happen is really at the top, namely at the board.
Doing so will trigger greater diversity in senior ranks." Yet, he says, too
many male directors still tend to favour a "natural evolution" toward more
diversity, rather than a concerted effort to increase women in governance
positions. "This 'natural way' seems not to have improved matters for many
hundreds of years," explains the INSEAD professor. "So it is understandable
and great that the issue finally gets tackled-this time hopefully

Van der Heyden said that he was honoured to be nominated for the TIAW award
and emphasized that the award was to be shared with all those who
participated in this INSEAD effort: First, the expert panel, including INSEAD
Professors Annet Aris and Herminia Ibarra; INSEAD Board member, founder and
MD of Independent Capital Management Mirjam Staub-Bisang; INSEAD Certified
Directors of the International Directors Programme (IDP),
Non-Executive-Directors Alexandra Schaapveld and Rosa Villalobos. Second,
with all INSEAD alumni and International Directors Programme participants

for their insights on the question from different European perspectives. The
award is an acknowledgement that INSEAD thought leadership continues to
bridge the gap between business theory and practice in important ways so as
to contribute to greater value creation, opportunities and diversity.

In his effort to promote Board gender diversity, Professor Van der Heyden is
also engaged in the European Business Schools' Global Board Ready Women
(GBRW) initiative providing the EU, search firms, and Boards with an
international list of women qualified to sit on a Board as well as a
high-level platform for discussion for its members.

In addition to his efforts to increase Board diversity, Professor Van der
Heyden has been a pioneering force for "fair process leadership," also known
as procedural justice, a model of management and governance that embraces
broader stakeholder engagement and more transparent and unbiased outcomes.
His contribution has been to further operationalise fair process, a concept
already identified and studied by INSEAD professors Kim and Mauborgne. The
goal of fair process is to enhance trust and commitment within an
organisation and ultimately performance. He is currently analysing and
compiling for publication data he has generated with companies that document
the value of fair process, as operationalised by him.

Van der Heyden has played an integral and diverse role in advancing INSEAD's
mission since joining the school's faculty in 1988. In addition to serving as
the school's Co-Dean (1990-1995), he has been active as a teacher in the MBA,
Executive Education and PhD programmes. Professor Van der Heyden is currently
the Academic Director of INSEAD's Governance Initiative and Co-Director of
the International Directors Programme. Widely published, Van der Heyden's
expertise includes leadership governance, family business, process management
and team dynamics. Professor Van der Heyden earned a PhD in Administrative
Science from Yale University and an Engineering Degree in Applied Mathematics
from Université Catholique de Louvain.

To learn more about The International Alliance for Women and its World of
Difference Award, visitwww.tiaw.org.

To download the Corporate Governance Initiative Report,

About INSEAD, The Business School for the World

As one of the world's leading and largest graduate business schools, INSEAD
brings together people, cultures and ideas to change lives and to transform
organisations. A global perspective and cultural diversity are reflected in
all aspects of our research and teaching.

With campuses in Europe (France), Asia (Singapore) and Abu Dhabi, INSEAD's
business education and research spans three continents. Our 146 renowned
Faculty members from 34 countries inspire more than 1,300 degree participants
annually in our MBA, Executive MBA, specialised master's degrees (Master in
Finance, Executive Master in Consulting and Coaching for Change) and PhD
programmes. In addition, more than 12,000 executives participate in INSEAD's
executive education programmes each year.

In addition to INSEAD's programmes on our three campuses, INSEAD participates
in academic partnerships with the Wharton School of the University of
Pennsylvania (Philadelphia&San Francisco); the Kellogg School of Management
at Northwestern University near Chicago, and Johns Hopkins University/SAIS
in Washington DC. In Asia, INSEAD partners with Tsinghua University in
Beijing and with CEIBS. INSEAD is a founding member in the multidisciplinary
Sorbonne University created in 2012, and also partners with Fundação Dom
Cabral in Brazil.

INSEAD became a pioneer of international business education with the
graduation of the first MBA class on the Fontainebleau campus in Europe in
1960. In 2000, INSEAD opened its Asia campus in Singapore. And in 2007 the
school began an association in the Middle East, officially opening the Abu
Dhabi campus in 2010.

Around the world and over the decades, INSEAD continues to conduct cutting
edge research and to innovate across all our programmes to provide business
leaders with the knowledge and sensitivity to operate anywhere. These core
values have enabled us to become truly "The Business School for the World."

More information about INSEAD can be found atwww.insead.edu


INSEAD Press Contacts:
Sophie Badré
Tel +33 (0)1 60 72 45 26, Mobile: +33 (0)6 86 07 33 75

INSEAD Europe campus
Boulevard de Constance
77305 Fontainebleau Cedex, France
Tel: +33 (0)1 60 72 40 00
Fax: +33 (0)1 60 74 55 13

Julia Irrgang
Tel +33(0)1 60 72 93 34

INSEAD Asia campus
1 Ayer Rajah Avenue, Singapore 138676
Tel: +65 6799 5388
Fax: +65 6799 5399

Aileen Huang
Tel +65 6799 5552

INSEAD Abu Dhabi campus
Muroor Road - Street No. 4, P.O. Box 48049
Abu Dhabi UAE
Tel: +971 2 651 5200
Fax: +971 2 443 9428

Joe Chedid
Tel +971 2 651 5329

INSEAD TIAW Award 2013 - PR


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: INSEAD via Globenewswire


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