Before sunrise on Tuesday, State Street Global Advisors installed a statue of a little girl challenging the Charging Bull statue that stands in the Financial District in New York City.
SSGA is calling the statue “SHE” to symbolize the growing number of women in leadership positions around the world. It’s also meant to call attention to the existing male-female disparity in that leadership, particularly at the corporate board level.
“SHE is a daring and confident girl celebrating the ‘can-do spirit’ of women — who are taking charge today and inspiring the next generation of leaders,” SSGA CEO Ron O’Hanley said during a speech on Tuesday at the 2017 Corporate Governance Symposium at the University of Delaware. “SHE stands as a reminder to corporations across the globe that having more women in leadership positions contributes to overall performance and strengthens our economy.”
SHE will be with the Charging Bull for up to a month. The installation comes just one day ahead of International Women’s Day and the one-year anniversary of State Street’s Gender Diversity Index ETF (SHE).
The statue is part of a broader initiative. SSGA is also taking action by calling on the more than 3,500 companies in the U.S., U.K. and Australia that it invests in – representing more than $30 trillion in market capitalization – to take intentional steps to increase women on their corporate boards.