We define diversity at Voya as diversity of thought, perspective and background. We believe that diversity and inclusion leads to better performance, increased innovation, increased ability to address customer needs, higher employee engagement and lower employee turnover rates. The importance of diversity and inclusion at Voya is reinforced at the highest level. Voya Financial’s board of directors is composed of a highly skilled group of individuals representing a diversity of gender, ethnicity, expertise and skills.
Currently, four of our nine independent directors are women, surpassing DiversityInc’s Top 50 best practice benchmark of 25 to 28 percent.1 Voya is actively advancing the dialogue around board diversity. We are working with external partners, publications and forums to amplify a shared vision for greater diversity in board rooms across the U.S. and set an example that others may apply to their organizations. Chairman and CEO Rodney O. Martin authored a white paper titled “Board Diversity by Design at Voya Financial,” which was published in Corporate Compliance Insights and was referenced in a case study featured by Committee Encouraging Corporate Philanthropy; The Huffington Post’s “The Next Decade of Corporate Ethics” opinion article; UBS Financial Services’ report “On the road to parity”; and Forbes’ "Will Corporate Boards Remain A Boy's Club?”.
In 2016, our CEO accepted an invitation to join the 30% Club, a group of business leaders committed to better gender balance at all levels of their organizations. Voya also became a member of the Thirty Percent Coalition, whose goal is for women to hold 30 percent of board seats across public companies. Additionally, Voya was invited to join a partnership with the Ethisphere Institute to help lead its 2016 Gender Diversity Initiative.