Report: ‘Dismal’ Progress for Women Leaders

June 15, 2016 2:11 pm

SIGNIFICANT differences for DiversityInc Top 50 Companies 

By Eve Tahmincioglu

women leadershipNew research shows little progress for women in senior leadership and on boards in corporate America.

A study of the S&P 500 companies shows “dismal findings” when it comes to gender parity in the boardroom, according to a report from Catalyst released Tuesday, which found men held 80.1 percent of S&P 500 board seats in 2015, while women only held 19.9 percent.

There is progress for women in leadership, however, at the most diverse companies in the country.

DiversityInc’s 2016 Top 50 Companies for Diversity have 25 percent women on boards, and the Top 10 Companies have 28.6 percent female boards of directors.

The Catalyst study also found that women only held 25.1 percent of executive/senior-level official and manager positions; and only 9.5 percent of top earners were women.

Among DiversityInc’s Top 50, women held 33.3 percent of the senior management positions, and the Top 10 had nearly 40 percent of women in the top jobs. In addition, close to 40 percent of women were among the highest paid at the Top 10 companies, and 32.4 percent were the highest earners at the Top 50.

How do these top organizations do it? They have:

“Smart employers know promoting diversity drives the bottom line,” said Luke Visconti, DiversityInc’s founder and CEO. “And that means giving more than lip service to D&I efforts by having buy-in from leadership and keeping a keen eye on analytics — something that DiversityInc has also emphasized as we further improve our survey data.”