Lareina Yee Lareina Yee is a Senior Partner of the Firm and leads the global Tech Infrastructure and Services sector for McKinsey & Company’s High Tech Practice. Lareina advises high tech, media, and industrial companies on commercial growth, digital transformation, sales excellence, and product strategy. As a forefront leader within the firm advocating for gender parity in business, Lareina is head of McKinsey’s North American Women Program and leads the firm’s ongoing research on women in leadership. In addition, she co-created McKinsey Academy for Women and counsels executive teams on improving diversity in their organization. Lareina leads Women in Workplace, a research partnership with LeanIn.org and the Wall Street Journal. She is a frequent speaker on women, including forums at the Council on Foreign Relations, Fortune, Techonomy, Makers and has been featured on NPR, CNBC and Bloomberg. Lareina has served on the board of the International Center for Research on Women and is currently on the board of Safe and Sound. Contributors Treina Fabré and Saif Hameed are Engagement Managers in McKinsey’s London office, with additional contributions from: Max Grass Araya in Atlanta; Alex Guo in Boston; Corinne Spears in Chicago; Adrian Lo in Hong Kong; José Martín Quesada in London; Bomy Lee Chung in Miami; Aditi Tusnial in Mumbai; Dany El Khoury, Brenda Maldonado, Katarina Pregelj, and Ashley Schloss in New York; and Lexie Tonelli in San Francisco. Acknowledgements The authors would like to thank our former colleague and co-author of the 2015 Why Diversity Matters report, Dennis Layton. We also appreciate the following senior colleagues for their commitment to this topic: Sandrine Devillard, Anu Madgavkar, Yasir Mirza, Brian Rolfes, Kevin Sneader, and Rodney Zemmel. We would like to thank Margaret Brooks and Ellis Griffith of McKinsey’s Global Inclusion and Diversity team for their collaboration and support. Additionally, the authors appreciate the support of colleagues from McKinsey’s Strategy Analytics Center (STAC) in compiling financial metrics for the companies in our sample. Finally, we thank the executives and I&D leaders of Allianz, MetLife, Salesforce, Sodexo, Westpac, and Wipro for contributing their time and sharing their companies’ experiences to complement the case study profiles underpinning this report. Design and art direction Laurence Parc, McKinsey Design Project Lead Exhibit design Janice Alexander, McKinsey Media Designer Delivering through Diversity About the authors 34

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