{"id":45791,"date":"2021-09-11T07:13:40","date_gmt":"2021-09-11T12:13:40","guid":{"rendered":"https:\/\/globewomen.org\/CWDINet\/?p=45791"},"modified":"2021-09-11T07:15:15","modified_gmt":"2021-09-11T12:15:15","slug":"2021-cwdi-report-women-ceos-opening-doors-to-boards-and-c-suites","status":"publish","type":"post","link":"https:\/\/globewomen.org\/CWDINet\/index.php\/2021-cwdi-report-women-ceos-opening-doors-to-boards-and-c-suites\/","title":{"rendered":"2021 CWDI Report: Women CEOs \u2013 Opening Doors to Boards and C-Suites\u00a0\u00a0\u00a0"},"content":{"rendered":"<p><strong>2021 CWDI Report:<br \/>\n<em>Women CEOs \u2013 Opening Doors to Boards and C-Suites<\/em><\/strong><\/p>\n<p><strong><em><br \/>\n<\/em><\/strong><strong><em><\/em><\/strong><\/p>\n<p><strong><u>KEY FINDINGS<\/u><\/strong><\/p>\n<p><strong><u>WOMEN CEOs MAKE A DIFFERENCE<\/u><\/strong><\/p>\n<p><em>CWDI\u2019s survey of 143 companies with a woman CEO in 55 countries showed that women-led companies on average have more women on their Boards of Directors and in Executive Officer positions than 2,837 companies led by men in the study.<\/em><\/p>\n<p><strong><em>Women Board Directors<\/em><\/strong><\/p>\n<ul>\n<li><strong>Companies with a woman CEO tend to have more women board directors &#8212; <\/strong><br \/>\n1% women-held board seats compared to 23.3% for companies with a male CEO.<\/li>\n<li>46% (66) of the 143 companies with a woman CEO have 40% or more women directors, exceeding the 23.3% average women\u2019s board representation globally.<\/li>\n<li>Since CWDI\u2019s 2011 report on companies with women CEOs, there has been a slight decrease in the gap between women\u2019s board representation in women-led companies vs. companies with male CEOs &#8212; 12.4% in 2011 compared to10.8% in 2021.<\/li>\n<li><strong>The percentage of women board directors increased following the appointment of a woman CEO &#8212; <\/strong>The average percentage of women\u2019s board representation prior to a woman being named CEO was 21.9% compared to the current percentage of 34.1%.<\/li>\n<li>The regions where the appointment of a woman CEO had the largest increases of women board directors upon the appointment of a woman CEO are North America (+17.1), Europe (+14.5), and the UK (+10.4). These are the areas where there have been public\/private sector initiatives to increase women\u2019s access to board seats.<\/li>\n<\/ul>\n<p><strong><em>Women Executive Officers<\/em><\/strong><\/p>\n<ul>\n<li><strong>In addition to having more women board directors, companies with a woman CEO tend to have more women executive officers on average at<\/strong> <strong>4% women in their senior management team compared to 23.8% in companies with a male CEO.<\/strong><\/li>\n<\/ul>\n<p><strong><br \/>\n&#8211;&nbsp; <\/strong>Again, this 36.4% of women in senior roles in women-led companies surpasses the global average of 23.8% women in senior management.<\/p>\n<ul>\n<li><strong>Similar to the impact of a women CEO on board composition, the percentage of women executive officers also rose following the appointment of a woman CEO from <\/strong><strong>24% representation in a prior administration to the current 36.4%, an increase of 12.4%.<br \/>\n<\/strong><strong><\/strong><\/p>\n<ul>\n<li>The regions posting the largest increases in women holding senior executive roles upon the appointment of a woman CEO are in Europe (+11.1), North America (+10.9), and Africa (+10.6).<\/li>\n<li>This 12.4 % difference in women in senior management before and after a woman CEO being named in 2021 is significantly higher than the increase found in CWDI\u2019s 2011 Report which saw only a 3.6% difference after the appointment of a woman CEO.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><strong><u>STATUS OF WOMEN CEOs GLOBALLY<\/u><\/strong><\/p>\n<ul>\n<li><strong>Only 4.8% of the largest listed companies in 55 countries have a woman CEO \u2013 143 out of 2,994 companies included in this study &#8212; an increase of only 1% since 2011 from 3.8% to 4.8%, underscoring women\u2019s continuing challenge to secure the CEO position in the world\u2019s top companies.<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li><strong><em>Countries<\/em><\/strong><strong> with the highest percentage of women CEOs are the U.S., Singapore, Australia, and Thailand.<\/strong><br \/>\nIn the U.S., 41 (8.1%) companies in the <em>Fortune<\/em> 500 listing have a woman CEO, 8 companies among Singapore\u2019s 100 largest companies (8%), and 7 among the 100 largest in both Australia and Thailand (7%).<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li><strong><em>Regionally<\/em><\/strong><strong>, North America has the highest percentage of women CEOs with 7.5%, followed by Africa with 5.7% and Europe with 5.4%. <\/strong>The lowest percentage of women-led companies is found in Asia (3.1%) and Latin America (4%). Compared to 2011, the percentage of women CEOs increased in all regions, with the exception of Asia, which saw a drop from 4.1% to 3.1%.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li><strong>Major economies in all regions still have no women CEOs of blue-chip companies.<\/strong> &nbsp;Japan, the third largest in the world, and Germany, the largest in Europe &#8212; are among major economies with no women CEOs in their blue-chip index.&nbsp; China, the second largest, only has one listed company out of the top 100 with a woman at the helm.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li><strong>The paltry numbers of women CEOs are robbing companies of exponential growth given the massive evidence &#8212; over 92 research studies to date conducted throughout all continents &#8212; showing that more women in corporate leadership improve a company\u2019s profitability.<\/strong><\/li>\n<\/ul>\n<p><strong>&nbsp;<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>2021 CWDI Report: Women CEOs \u2013 Opening Doors to Boards and C-Suites KEY FINDINGS WOMEN CEOs MAKE A DIFFERENCE CWDI\u2019s survey of 143 companies with a woman CEO in 55 countries showed that women-led companies on average have more women&hellip; <a href=\"https:\/\/globewomen.org\/CWDINet\/index.php\/2021-cwdi-report-women-ceos-opening-doors-to-boards-and-c-suites\/\" class=\"more-link\">Continue Reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"https:\/\/globewomen.org\/CWDINet\/index.php\/wp-json\/wp\/v2\/posts\/45791"}],"collection":[{"href":"https:\/\/globewomen.org\/CWDINet\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globewomen.org\/CWDINet\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globewomen.org\/CWDINet\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globewomen.org\/CWDINet\/index.php\/wp-json\/wp\/v2\/comments?post=45791"}],"version-history":[{"count":2,"href":"https:\/\/globewomen.org\/CWDINet\/index.php\/wp-json\/wp\/v2\/posts\/45791\/revisions"}],"predecessor-version":[{"id":45793,"href":"https:\/\/globewomen.org\/CWDINet\/index.php\/wp-json\/wp\/v2\/posts\/45791\/revisions\/45793"}],"wp:attachment":[{"href":"https:\/\/globewomen.org\/CWDINet\/index.php\/wp-json\/wp\/v2\/media?parent=45791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globewomen.org\/CWDINet\/index.php\/wp-json\/wp\/v2\/categories?post=45791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globewomen.org\/CWDINet\/index.php\/wp-json\/wp\/v2\/tags?post=45791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}