A growing number of companies and consultants are working to understand, and overcome, gender inequality. Facebook’s Sheryl Sandberg has been a key and sometimes controversial figure in advocating for gender equality.
A compelling new study shows that top global companies in Asia, Europe and the US have advanced little beyond mere tokenism when it comes to placing women in leadership roles.
A UK-based global gender consulting firm, 20-first, published its fifth annual gender balance scorecard this month. In the US, the study found some optimistic conclusions: 60% of top corporations have at least two women on their executive committees, and eight corporations – including IBM, Pepsi Corporation and General Motors – have women CEOs. Overall, however, the results were less encouraging. Men hold 83% of the executive committee positions within top US companies, leaving 11% of women in staff roles and 6% in line roles.
In Europe’s top 100 companies, the situation for women was even less promising. Men hold 89% of executive committee jobs; women hold 6% of staff roles and 5% are in line roles. The gender balance was even worse in Asia, where men hold 96% of senior roles, leaving 3% of women in staff roles and 1% in line roles. In these three regions combined, women hold only 11% of the 3,000 executive committee spots in the 300 companies surveyed.
More locally in the UK and East of England, 23% of women are on FTSE 100 Boards, 4 FTSE 100 companies have women as Chief Executives. 33% of managers/Directors in the UK are women and on average only 12.5% of Directors on energy company boards are female.
In the East of England, just 19% of East of England Energy Group (Eeegr) members are female, with 1% at Director level.
Research shows that the gender pay gap has fallen below 10% and will take a staggering 81 years to reach parity. Senior roles for women are still not plentiful and STEM students remain low
Yet the evidence of success is over whelming with Fortune 500 Orgs with highest percentage of female Directors proving;
- 53% return on equity
- 42% higher return on sales
- 62% higher return on invested capitalSo the economic and business argument is over whelming and transparent.
It is now about minds and hearts and how do we educate, encourage and inspire decision makers and influencers to prioritise diversity, equality and inclusion as a strategic business issue…..