Women continue to be underrepresented in corporate leadership at all levels, including CEOs and board directors. Women makeup 5% of CEOs in the Fortune 500, and even less in the S&P 500. Women perform slightly better on boards of directors, accounting for roughly one-fifth of board seats in large corporations, but their numbers still do not reflect equality.
Companies are under increasing pressure to promote female executives. But what difference does it make when companies appoint women to positions of leadership?
To answer this question, we are pleased to present the following some figures and facts to adapt that women leaders improve their companies’ track records in a variety of desirable outcomes. The business advantages of having women on a board of directors are numerous like expanding the talent pool and increasing the return on equity.
- According to Credit Suisse, having more women in decision-making positions may improve a company’s stock market performance.
- McKinsey reports on ‘Delivering through Diversity shows that Companies in the top quartile for gender diversity on executive teams were 21% more likely to outperform in terms of profitability and 27% more likely to outperform in terms of value creation. On their executive teams, the highest-performing companies in terms of both profitability and diversity had more women in line (i.e., typically revenue-generating) roles than in staff roles.
- According to Hay Group, women score 86% higher than men in emotional self-awareness.
- As per Harvard Business Review research, women are rated as more effective leaders before and during the pandemic crisis. According to a Harvard School of Public Health study, companies with the most female directors on their boards had a 42 percent higher return on sales.
- According to the government-backed Hampton-Alexander Review on improving gender balance in FTSE leadership, there will be 1,026 women on FTSE 350 boards in January 2021, up from 682 in 2015. There were no all-male boards in the FTSE 100, 250, or 350 as of February 2021.
We believe that women are the future and that investing in women is the only way to create heaven on Earth. They are more adaptable, solution-focused, profitable, safer, provide a better customer experience, and are more socially responsible. We strive to usher in a new era of social, economic, and corporate responsibility by reawakening the voice of women leaders all over the world.
Therefore, Klaspad and Global Equality Standard are collaborating with Women in Management (WIM) who recently announced the launch of the WIM Top50 Global Conference and Awards. This will be held in Dubai on June 17 and 18, 2022, with the theme “Resilience and Reinvention.” For more detailed information, please do visit here at https://www.globalequalitystandard.org/events.php