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Des organisations de la Société civile lancent la Charte mondiale pour la transparence des pêches lors de la conférence Our Ocean 2023

PANAMA (VILLE), Panama, 10 mars 2023 (GLOBE NEWSWIRE) — La Coalition pour la transparence des pches (une nouvelle communaut internationale d'organisations de la socit civile) a lanc aujourd'hui la Charte mondiale pour la transparence des pches. La Charte identifie les priorits les plus essentielles pour lutter contre la mauvaise gestion des pches, la pche illgale et les violations des Droits de l'Homme en mer. Des experts, des ministres et des dlgus d'organisations et d'entreprises internationales travers le monde ont discut des avantages de la Charte jeudi et vendredi au Panama lors de la confrence Our Ocean – , une rencontre annuelle permettant aux pays, la socit civile et l'industrie d'annoncer des actions importantes pour sauvegarder les ocans du monde.

Le Ghana reconnait le rle essentiel que la transparence joue dans la lutte engage contre la pche illgale afin de protger les moyens de subsistance et d'assurer la scurit alimentaire de nos communauts ctires , a dclar l'honorable Mavis Hawa Koomson, ministre ghanenne de la Pche et dveloppement de l'Aquaculture. Au vu des progrs significatifs que le Ghana a raliss au cours de l'anne dernire pour mettre fin aux pratiques de pche nuisibles qui ont favoris la pche illgale dans nos eaux, nous travaillons dsormais redoubler d'efforts pour soutenir la transparence des pches au Ghana.

La Professeure Maxine Burkett, sous–secrtaire adjointe du Dpartement d'tat amricain pour les Ocans, la Pche et les Affaires polaires, a soulign comment les tats–Unis jouent un rle de premier plan dans l'amlioration de la transparence des pches mondiales.

Elle a dclar : L'anne dernire, le Prsident Biden a publi un mmorandum sur la scurit nationale qui reconnat l'importance de la transparence dans la lutte contre la pche illicite, non dclare et non rglemente (INN) et les abus associs au travail forc . En amliorant le partage d'informations productives, la Charte mondiale pour la transparence des pches servira de complment important aux activits du gouvernement amricain afin de mettre fin la pche INN grce l'amlioration de la gouvernance des pches et des ocans, l'intensification des efforts d'application des lois, et au renforcement de l'ambition de mettre un terme la pche INN l'chelle mondiale.

Par ailleurs, des initiatives de partenariat mondial, comme l'Initiative pour la Transparence des Pches (FiTI), ont soulign l'importance d'une collaboration gale et multipartite visant accrotre la transparence dans les pays ctiers afin de parvenir une gestion durable des pches maritimes.

Compte tenu de la complexit de la gouvernance de la pche, de multiples efforts de transparence sont ncessaires pour faire face aux diffrents dfis de la pche marine non durable, tels que la surpche, la pche INN, l'ingalit d'accs la ressource, a dclar le Dr Valeria Merino, Prsidente du Conseil d'administration de l'Initiative pour la Transparence des Pches (FiTI). Les 10 principes de la Charte mondiale pour la transparence des pches reconnaissent le besoin d'une approche globale et coordonne de la transparence des pches, et ont le potentiel de soutenir les efforts mondiaux existants, tels que la FiTI, grce une mobilisation indispensable des organisations de la socit civile pour garantir que les activits de pche marine sont lgales, thiques et durables”.

Pour finir, M. Wakao Hanaoka, Prsident–Directeur gnral de Seafood Legacy (Japon) et membre du comit directeur de la Coalition pour la transparence des pches, a soulign le rle de la socit civile visant maximiser l'impact collectif pour amliorer la transparence. Notre adhsion la Coalition pour la transparence dans la pche reprsente la voix d'une communaut internationale qui nous permet de renforcer et d'amplifier nos efforts au sein de l'industrie des produits de la mer et du gouvernement pour atteindre notre objectif de faire du Japon un leader mondial en matire de durabilit environnementale et de responsabilit sociale”, a–t–il expliqu. a–t–il expliqu.

La Charte mondiale pour la transparence des pches prsente une nouvelle feuille de route visant faire voluer la gouvernance maritime au niveau international en fournissant un ensemble de principes de sensibilisation la fois efficaces et ralisables par toutes les parties prenantes engages dans la gouvernance et la gestion des pches.

Des efforts de sensibilisation continus dploys par les organisations de la socit civile sont essentiels pour amliorer la gouvernance des pches au niveau international ainsi que pour protger l'ocan et les personnes qui dpendent de ses ressources , a comment Maisie Pigeon, directrice de la Coalition pour la transparence des pches. La mission de la Coalition, qui est de raliser un changement urgent vers une plus grande transparence dans les pcheries, sera accomplie grce au soutien de nos membres dans le dveloppement de stratgies communes, l'harmonisation et le renforcement des efforts, et enfin en comblant les lacunes politiques en matire de transparence dans la gouvernance des pcheries”, a–t–elle conclu “, a–t–elle conclu ,

Par le biais d'organisations de la socit civile du monde entier, la Coalition pour la transparence des pches appelle les gouvernements appliquer les principes de la Charte dans la lgislation et la pratique.

Contact avec la presse : Agata Mrowiec agata@fisheriestransparency.net +34 608 517 552

GLOBENEWSWIRE (Distribution ID 8786087)

Civil society groups launch Global Charter for Fisheries Transparency at 2023 Our Ocean conference

PANAMA CITY, Panama, March 02, 2023 (GLOBE NEWSWIRE) — The Coalition for Fisheries Transparency "" a new international community of civil society organizations "" today launched the Global Charter for Fisheries Transparency. The Charter pinpoints the most essential policy priorities needed to combat fisheries mismanagement, illegal fishing, and human rights abuses at sea. Experts, ministers, and delegates from international organizations and companies around the world discussed the benefits of the Global Charter for Fisheries Transparency at Our Ocean conference in Panama this Thursday and Friday "" an annual meeting for countries, civil society and industry to announce significant actions to safeguard the world's oceans.

"Ghana recognizes the critical role that transparency plays in the fight against illegal fishing to protect livelihoods and provide food security to our coastal communities," said Hon. Mavis Hawa Koomson, Ghana's Minister of Fisheries and Aquaculture Development. "With the significant progress Ghana has made in the last year on ending harmful fishing practices that have encouraged illegal fishing in our waters, we are now working towards making greater efforts towards sustaining fisheries transparency in Ghana."

Prof. Maxine Burkett, Deputy Assistant Secretary for Oceans, Fisheries and Polar Affairs at the U.S. Department of State, highlighted how the U.S. plays a leading role in increasing transparency in global fisheries.

"Last year, President Biden released a National Security Memorandum that recognizes the importance of transparency for combating illegal, unreported, and unregulated (IUU) fishing and associated forced labor abuses," she said. "By enhancing productive information–sharing, the Global Charter for Fisheries Transparency will serve as an important complement to the U.S. government's activities to end IUU fishing through improving fisheries and ocean governance, increasing enforcement efforts, and raising ambition to end IUU fishing globally."

Additionally, global partnership initiatives, like the Fisheries Transparency Initiative (FiTI), emphasized the importance of equal, multi–stakeholder collaboration to increase transparency in coastal countries for achieving sustainably managed marine fisheries.

"Given the complexity of fisheries governance, multiple transparency efforts are needed to address the various challenges of unsustainable marine fisheries, such as overfishing, IUU fishing, unequal access to fisheries resources, and unfair benefit sharing," said Dr. Valeria Merino, Chair of the International Board of the Fisheries Transparency Initiative (FiTI). "The 10 principles of the Global Charter for Fisheries Transparency recognize the need for a comprehensive and coordinated approach to fisheries transparency, and has the potential to support existing global endeavors, such as the FiTI, through a much–needed mobilization of civil society organizations to ensure that marine fishing activities are legal, ethical, and sustainable."

Finally, the role of the civil society to maximize collective impact to improve transparency has been underlined by Mr. Wakao Hanaoka, Chief Executive Officer of Seafood Legacy (Japan), and a steering committee member of the Coalition for Fisheries Transparency. "Our membership in the Coalition for Fisheries Transparency represents a voice of an international community that allows us to strengthen and amplify our efforts amongst the seafood industry and government towards achieving our goal of making Japan a global leader in environmental sustainability and social responsibility," he explained.

The Global Charter for Fisheries Transparency lays out a new roadmap to advance marine governance internationally, by providing a set of advocacy principles that are both effective and achievable by all stakeholders involved in fisheries governance and management.

"Continuous advocacy efforts by civil society organizations are critical to improving fisheries governance internationally as well as protecting the ocean and the people who depend on its resources," commented Maisie Pigeon, Director of the Coalition for Fisheries Transparency. "The Coalition's mission to deliver an urgent shift towards greater transparency in fisheries will be achieved through supporting our members in developing joint strategies, harmonizing and strengthening efforts, and finally "" closing transparency policy gaps in fisheries governance," she concluded.

Through civil society organizations from around the world, the Coalition for Fisheries Transparency calls on governments to apply the Charter's principles in legislation and practice.

Press contact: Agata Mrowiec agata@fisheriestransparency.net +34 608 517 552

GLOBENEWSWIRE (Distribution ID 8780726)

New Oceana Analysis Finds Tuna Fisheries Are Masking USD $411 Million Blue Shark Industry

WASHINGTON, Dec. 12, 2022 (GLOBE NEWSWIRE) — A new Oceana–commissioned study reveals that vessels authorized to fish in the waters of designated tuna regional fishery management organizations (RFMOs) are operating major shark fisheries, propping up a massive blue shark (Prionace glauca) commercial fishery with a landing value worth USD $411 million. This first–of–its–kind analysis shows the catch value of blue shark exceeds that of each of the three iconic bluefin tuna fisheries. The report confirms blue shark represents 60% of all reported global shark catches, singularly dominating both the shark fin and meat trade, while direct management of the species remains absent.

Last month at the Convention on International Trade in Endangered Species, world leaders voted to provide protections for 60 shark species, including blue sharks. This decision means these species can only be traded if their stocks are proven to be sustainably managed. Except for a 2019 catch limit set under the jurisdiction of the International Commission for the Conservation of Atlantic Tunas (ICCAT) RFMO, blue sharks are fished without any limits. "Despite being considered one of the most resilient and abundant shark species, blue shark populations are threatened by poor management," said Philip Chou, Oceana's Senior Director of Global Policy. "Without proper management, blue sharks and the ecosystems they balance face a perilous future. Direct and active fishery management of blue sharks must begin immediately."

This report analyzed global data on the catch, trade, and management of sharks and tuna reported to the Food and Agriculture Organization and RFMOs. Researchers led by Poseidon Aquatic Resource Management Ltd. found that nearly 200,000 metric tons of blue shark were legally caught and landed in 2019, amounting to over 7 million blue sharks. Of that catch, 90% was brought in by large–scale commercial fleets, mostly longliners, with 74% flagged to distant–water fishing nations. Spain and Taiwan are responsible for roughly half the total blue shark catch.

To access Oceana's summary and the full report, visit oceana.org/blueshark. This research was prepared for Oceana's Transparent Oceans Initiative "" an international program that illuminates the global footprint of the world's distant–water fishing fleets, catalyzing policy change to protect the ocean and the communities who rely on it.

Contact: Anna Baxter, abaxter@oceana.org

GLOBENEWSWIRE (Distribution ID 8711327)

Darwin Aboriginal Art Fair set to showcase works from over 1,500 First Nations artists, represented by a record 76 community Art Centres from across Australia

DARWIN, Australia, July 21, 2022 (GLOBE NEWSWIRE) — Aboriginal and Torres Strait Islander creatives will be celebrated in Darwin, Australia, from 2–7 August in an unmissable showcase of art, design and culture at Darwin Aboriginal Art Fair (DAAF) Foundation's series of iconic events.

The Darwin Aboriginal Art Fair (DAAF) is Australia's largest and most celebrated First Nations visual art event, which will return for the 16^th year to run both online and in person this 5–7 August.

The internationally celebrated art fair sits alongside the Foundation's two Indigenous Fashion Projects events, Country to Couture on the 2 August, and the National Indigenous Fashion Awards on the 3 August, bringing Australia's most acclaimed and vibrant First Nations artists and designers to the national and global stage.

As the only Australian event of its kind, DAAF has secured a reputation as one of the country's most significant and internationally recognised arts events, creating a unique opportunity to connect with, and ethically purchase art directly from Art Centres, as well as meeting the artists and learning firsthand about their cultural heritage, stories, history and traditional artistic practices through a range of masterclasses, talks and demonstrations.

DAAF 2022 is on track to be the most successful and widest reaching yet, with a record 76 Art Centres participating in the Foundation's inaugural hybrid delivery of the event. In 2021, the Fair achieved a record $3.12 million AUD in sales with 100 per cent of profits going back to the Art Centres and their communities. The Fair itself takes no commission from artwork sold.

DAAF Foundation are proud to be part of a collective of organisations championing music, arts, and ideas from the world's oldest living cultures. Taking place in Australia's Top End each July–August, alongside DAAF Foundation's renowned Fair and fashion events, will be:

Garma Festival | Yothu Yindi Foundation | 29 July – 1 August
Salon des Refuss | Salon Art Projects | 3–13 August
Telstra National Aboriginal & Torres Strait Islander Art Awards | Museum and Art Gallery of the Northern Territory | 5 August 2022 "" January 2023
National Indigenous Music Awards | Music NT | 6 August

The first week of August is predicted to be one of the biggest showcases of First Nations talent in the world. Music, art and culture will collide as The Collective unifies to bring the public a unique experience across the creative industries in the Northern Territory.

For more information about the 16th Darwin Aboriginal Art Fair and for priority access to the digital Art Fair, visit daaf.com.au/register.

Georgina Dawson
georginad@bastionagency.com

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

Darwin Aboriginal Art Fair: Media Snippet

Surforma Globally Launches Ballistic Plate

PORTO, Portugal, July 20, 2022 (GLOBE NEWSWIRE) — Surforma has launched on the world market CompactShield, a ballistic plate for use in urban environments with civil risks, aimed at more demanding markets for the protection of people, especially in countries in regional blocks such as America, Africa, and the Middle East.

The Efanor group company "" which owns the Sonae group "" affirms that the new solution is the result of 3 years of research and development in partnership with Beyondcomposite, gaining a great advantage over existing ones, essentially in its applicability as a decorative solution, thereby not needing two components: ballistic protection and surface design, in addition to weight, durability, price.

With level IIIA, III, and IV protection, according to the NIJ standard 0108:01, the new ballistic CompactShield is mainly intended for the sectors of construction (public buildings, police stations, banks, etc.) and transport (armoured vehicles, bus driver barriers, shipping containers, etc.).

“It is a technological revolution where, in addition to protecting human lives, we incorporate the decorative factor in a single solution, allowing its application to have different uses, namely in the transport and construction sectors,” says Miguel Nogueira, Surforma CEO.

The company has, this way, started a process of globally repositioning its Laminates and Compacts business, both structurally, with the introduction of new raw materials, and technically, by investing in new ranges with improved performance.

“With our new innovation strategy and product pipeline, sales can grow by 10% in the next 5 years, essentially through exports, and resulting in a forecasted increase of 7M in business by 2025,” he states.

ABOUT SURFORMA

Set up in 1959, the company is the origin of the Sonae Group, a Portuguese multinational that is present in 62 countries and which manages a diversified portfolio of businesses in the areas of industry, retail, financial services, technology, shopping centres, and telecommunications. In 2021, the group's turnover exceeded 8 billion.

With over 60 years of innovation and leadership in the sector, and with the aim of creating its own identity and holding a prominent position in the production and distribution of Laminates and Compacts, SURFORMA was set up in 2018: a global brand focused essentially on the Furniture, Construction, and Decoration industries. The company operates in over 30 countries, in 5 continents.

CONTACTS

Ricardo Rodrigues, Chief Executive Officer & Founder
+351 22 532 3550
rr@pressmediaonline.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fd1f2f6a–fdfa–438c–817d–2f8f6219a1c1

Surforma Globally Launches Ballistic Plate

ABOUT SURFORMA

CONTACTS

Ricardo Rodrigues, Chief Executive Officer & Founder
+351 22 532 3550
rr@pressmediaonline.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fd1f2f6a–fdfa–438c–817d–2f8f6219a1c1

Surforma Globally Launches Ballistic Plate

ABOUT SURFORMA

CONTACTS

Ricardo Rodrigues, Chief Executive Officer & Founder
+351 22 532 3550
rr@pressmediaonline.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fd1f2f6a–fdfa–438c–817d–2f8f6219a1c1

WPP's Gain Theory Named A Leader in Marketing Measurement and Optimization Solutions

NEW YORK, Jan. 31, 2022 (GLOBE NEWSWIRE) — Gain Theory, a global foresight consultancy that accelerates growth for ambitious brands, has been named a Leader in The Forrester Wave: Marketing Measurement and Optimization Solutions, Q1 2022.

The Forrester MMO wave evaluates and benchmarks the most significant marketing measurement and optimization providers against current offering, strategy, and market presence. Forrester categorizes providers as either Leaders, Strong Performers, Contenders or Challengers.

The Forrester report states that "Large global enterprises with complex marketing budgets in search of high–touch services should put Gain Theory on their short list" and notes that Gain Theory's "services offering really shines among the competitive set."

Gain Theory received the highest scores possible across 13 criteria, defined as superior relative to other vendors in the evaluation. Gain Theory's highest scores include the use case criteria of "Brand Portfolio Management', "Omnichannel Marketing Strategy and Planning' and "Insights Driven Business'. Full marks were also given to Gain Theory in the criteria of "Unified Measurement Methodology', "Marketing Strategy Consulting', "Business Strategy Consulting' and "Change Management Consulting'.

Of note is the top mark possible given to Gain Theory in "Unified Measurement Methodology'. The report states "Gain Theory's long–term approach is to advance its planning and optimization recommendations by incorporating more customer behaviors and data signals."

With regard to Gain Theory's ability to advise on enterprise–wide business growth levers, top marks were also given in the "Business Strategy Consulting" criterion which evaluated vendors' ability to apply its measurement and optimization capabilities across areas such as customer churn analysis, pricing analysis, demand generation analysis and other functional insights.

"At a time of unprecedented change and uncertainty, organizations need a more holistic and future–facing approach to accelerating growth. We have enabled our clients to do this by activating smart business strategies that fuse hindsight, insight, and foresight. We are delighted about our position as a Leader in Forrester's Wave report," said Gain Theory Global CEO, Manjiry Tamhane, "It confirms for us the unique value that we deliver to our clients globally who trust us to focus on what matters the most, simplify the complex at speed, and ultimately make a meaningful difference to their business performance."

About Gain Theory

Gain Theory is a global foresight consultancy, focused on accelerating growth for ambitious brands.

Our experts in data, advanced analytics, technology and consultancy fuse hindsight, insight, and foresight to improve investment decisions and activate growth at speed.

Available in 62 markets, our award–winning solutions and highly specialized vertical expertise support clients via four measurement and optimization pillars: Foundations for Growth, Data Excellence, Growth Accelerators and Activating for Growth.

To focus on what matters the most for clients, Gain Theory's proprietary Marketing Effectiveness Index evaluates and benchmarks marketing effectiveness maturity "" establishing critical gaps standing in the way of accelerated growth. Built on data, the Marketing Effectiveness Index benchmarks against sector and industry to help inform transformational roadmap priorities.

Gain Theory is"a"WPP"agency"(NYSE: WPP).""""

Find out more at www.gaintheory.com and follow our social channels via LinkedIn or Twitter.

For press queries please contact:
Claudia Sestini
Global CMO, Gain Theory
claudia.sestini@gaintheory.com

GLOBENEWSWIRE (Distribution ID 8466452)

Business School Applications Surge Proves Not a Fad, Sustaining 2020 Growth

RESTON, Va., Nov. 17, 2021 (GLOBE NEWSWIRE) — The Graduate Management Admission Council (GMAC), a global association of leading graduate business schools, today released its anticipated annual 2021 Application Trends Survey. The survey of nearly a thousand MBA and business master's programs found that in 2021, the volume of applications for graduate business school programs grew 0.4 percent from the year before, sustaining the elevated demand since the onset of a global pandemic in 2020 when business schools worldwide saw unusually high volume of applications due to the economic uncertainty.

"Candidates looked for alternative career options during the COVID induced recession and business schools introduced more flexible admissions policies, resulting in soaring application volumes last year," said Sangeet Chowfla, president and CEO of GMAC. "The question was whether this was a fleeting event caused by the pandemic or the start of a new uptick in applications. In this context, the 2021 application cycle indicates that the surging demand for graduate business education is not a passing fad but has staying power beyond 2020."

Key Findings

International candidates rebound in top–ranked business schools

After years of unwelcoming immigration policies in parts of the world and months of global travel restrictions due to COVID–19, pent–up demand from international students for graduate business schools was evident in this year's data. Weighted absolute year–on–year change in application volumes from international candidates " the applicants whose citizenship differs from that of the country where the program is located " shows an increase of 4.1 percent compared to a decline of 3.8 percent from domestic candidates, the applicants who are citizens of the country where a program is located. More programs in Europe, the U.S., and the U.K reported decline in applications from domestic candidates when compared across regions.

This difference between international and domestic application volume is especially apparent for full–time MBA programs among leading business schools. The share of full–time two–year MBA programs showing growth in applications from international candidates has doubled from 28 percent in 2019 to 57 percent in 2021. Furthermore, twice as many U.S. programs ranked in the top 50 according to the US News & World Report saw an increase in applications from international candidates (73%) as domestic candidates (36%).

"Business school learning is experiential and relies heavily on interactions, discussions and cohort and alumni networks. This is impossible without a diversity of perspectives and backgrounds," said Katy Montgomery, Associate Dean of Degree Programmes at INSEAD and a GMAC board member. "As student mobility gradually returns, the diversity it brings to a classroom will only benefit and enrich campus life."

Women, U.S. underrepresented minorities return to in–person, full time MBA programs

Full–time MBA programs continued gaining traction in 2021. Half of full–time one–year (52%) and two–year (56%) MBA programs report an increase in applications in 2021, above all programs averaged at 41 percent. On the contrary, professional MBA programs such as part–time MBA, executive MBA, and online MBA programs " those geared toward the needs of working professionals " saw their share in those reporting application growth at the lowest level since 2017.

This year's application data also indicates that globally, women candidates emerging from the shadow of the pandemic refocused on their career ambitions, with three in five (60%) full–time two–year MBA programs reporting an increase in applications from female candidates compared to two in five (43%) programs reporting growth from male candidates. In comparison, a much smaller share of online MBA programs (42%) reported growth in applications from female candidates, indicating women's preference to return to in–person, full time learning.

In the U.S., women and underrepresented minorities (URM) reported similar desire to study on campus. More full–time two–year MBA programs reported growth in URM applications in 2021 (56%) compared to pre–pandemic 2019 (37%) or the online program (30%). Even more notably, female URM candidates demonstrated an impressive 22 percent increase between 2019 (38%) to 2021 (60%) in their share of applications for full–time two–year MBA programs.

About the Report

The annual GMAC Application Trends Survey focuses on global demand for graduate management education and analyzes differences by programs and regions for the 2020–2021 admissions season (incoming class of 2021). This survey data was collected between July 8 and August 23, 2021, and garnered responses from 967 programs at 269 business schools worldwide. This is the 23^rd year the survey has been conducted, contributing to the greater understanding of the value of graduate business degrees and global and regional trends. More details of the full report, and other research series produced by GMAC, are available on gmac.com/research.

About GMAC

The Graduate Management Admission Council (GMAC) is a mission–driven association of leading graduate business schools worldwide. Founded in 1953, GMAC creates solutions and experiences that enable business schools and candidates to better discover, evaluate, and connect with each other.

GMAC provides world–class research, industry conferences, recruiting tools, and assessments for the graduate management education industry, as well as tools, resources, events, and services that help guide candidates through their higher education journey. Owned and administered by GMAC, the Graduate Management Admission Test (GMAT) exam is the most widely used graduate business school assessment.

More than 12 million prospective students a year trust GMAC's websites, including mba.com, to learn about MBA and business master's programs, connect with schools around the world, prepare and register for exams and get advice on successfully applying to MBA and business master's programs. BusinessBecause and The MBA Tour are subsidiaries of GMAC, a global organization with offices in China, India, the United Kingdom, and the United States.

To learn more about our work, please visit www.gmac.com

Media Contact:

Teresa Hsu
Sr. Manager, Media Relations
202–390–4180 (mobile)
thsu@gmac.com

GLOBENEWSWIRE (Distribution ID 8394516)

First-Ever Global Study of Diversity in Graduate Management Education Sheds Light on Gaps in Race and Gender

RESTON, Va., Oct. 26, 2021 (GLOBE NEWSWIRE) — The Graduate Management Admission Council (GMAC), a global association of leading graduate business schools, today released a special report, "The Global Diversity of Talent "" Attainment and Representation," a first reference guide of its kind to better understand representation for graduate management education (GME) degree attainment worldwide. Understanding that education systems across the globe experienced disruption due to the pandemic, GMAC turned to its leading research capability as universities sought to adapt with a renewed attention to issues of student access and equity, as well as diversity and representation in tertiary educational attainment. The report provides a global overview, seven regional outlooks, and separate reports for 69 locations or countries with an estimated 25,000 or more people in the student–aged population of 20 to 34 who have attained a master's degree in the subject of business, administration, or law. In addition to a separate appendix that reviews data on 111 other countries, it also examines the representation of women globally and underrepresented groups in the United States.

"At GMAC, we recognize that a diverse student body in gender, race and background lifts us all as it creates a richer student experience and increases sensitivity to the issues that affect others," said Sangeet Chowfla, president and CEO of GMAC. "This report "" the first global state of the industry view about diversity in graduate management education "" is intended not only to serve as an informative guide, but also as a base to target outreach and advocate for the value of graduate business degrees to underrepresented populations around the globe."

Key Findings

Women struggle to be represented at the graduate business level, falling behind the most in Europe

Globally, more women than men choose their undergraduate study in the fields of business, administration, and law. 26.4 percent of bachelor's degrees earned by females are in these fields, slightly higher than for men (24.6%). At the master's level, however, men (33.7%) are more likely to study in business, administration, and law than women (29.4%). Data suggests that women have shown broader interest when pursuing a master's degree, with education and health and welfare two other popular disciplines besides business or law schools.

Furthermore, women in Europe are estimated to hold only 38.4 percent of graduate business degrees in the region, notably lower than the global average (44.8%) and behind East Asia and the Pacific where women are a majority (51.7%) of the region's graduate business degree–holders. When compared across all regions, Europe has the largest share of those aged 30–34 in the GME pipeline at 41.8% but the smallest share of the GME pipeline aged 20–24 at only 19.8 %, suggesting that many women in Europe choose to return to business school later in life.

African American graduates outpace their white counterparts, driven by their overrepresentation in U.S. for–profit programs

The proportions of graduate management degree–holders relative to the student–aged population, or the GME participation rate, differs among the seven U.S. race/ethnicity groups studied in the report: American Indian or Alaska Native, Asian American, Black or African American, Hispanic American, Native Hawaiian or Other Pacific Islander, Other/Two or more races, and Whites. Although a common perception is that African Americans are underrepresented in GME programs, they demonstrate a 3.0% GME participation rate, outranking their white counterparts at 2.5%.

"African Americans are interestingly overrepresented in graduate management education relative to their population size when compared with other groups, albeit slightly," said Sabrina White, vice president of school and industry engagement at GMAC. "According to a previous GMAC study, African Americans accounted for 37 percent of for–profit GME degrees conferred in 2015–2016. Their enrollment in for–profit institutions outpacing that in traditional universities may have contributed to their overrepresentation in GME."

Most business degree holders come from Asia while Latin America enjoys highest business concentration among graduate degrees

Among the seven regions studied, the largest pool of student aged graduate business talent falls in East Asia and the Pacific, which is also the largest source of bachelor's degree–holders in the fields of business, administration, and law. While China and India, the two "Asian giants," contribute the most to both the graduate and undergraduate levels of business school students, the U.S. impresses with its substantial share at third in both categories. Pakistan and Turkey are two other notable inclusions in the top 10 sources, with business graduates accounting for 28 percent and 40 percent respectively of the country's total bachelor's degree–holders.

Globally, of the more than 61 million people understood to have attained a master's degree, approximately 24 percent have earned GME degrees. By region, the highest business concentration among all master's degree–holders is seen in Latin America (33.1%), the Middle East (27.6%), and East Asia and the Pacific (26.6%). In addition, two countries in the Latin America region have greater than 60 percent females within the student–age population of 20 to 34 who are assumed to have attained a master's degree in the subject of business, administration, or law: Colombia (65.6%) and Dominican Republic (64.5%).

About the Report

To establish the foundation of this groundbreaking effort, GMAC leveraged the latest global data resources from the 2018 dataset of U.S. Census Bureau International Database, The World Bank, UNESCO, UNECE, and OECD, to provide baseline for studying the state of diversity within graduate management education today. Supplemental material of country and regional descriptions as well as available 2020/2021 international rankings indices were included for present context. More details of the full report, and other research series produced by GMAC, are available on gmac.com.

About GMAC

To learn more about our work, please visit www.gmac.com

Media Contact:

Teresa Hsu
Senior Manager, Media Relations
202–390–4180 (mobile)
thsu@gmac.com

GLOBENEWSWIRE (Distribution ID 8379813)

June 2023
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