Why businesses, banks and society still need more women in executive roles
Only nine in the UK’s top 100 companies have a woman CEO, a recent report has revealed – part of an “appalling” picture of British business which even in 2022 remains remarkably male dominated. The report, from accountancy giant EY and Cranfield University, goes on to reveal that only around 17% of executives in the FTSE 100 are female.
This is despite recent efforts in some areas to improve corporate gender diversity – and a huge amount of research which supports doing so.
Aside from evidence that companies with women CEOs actually make more money, it has been shown, for example, that female directors provide a greater degree of creative thinking and a more democratic leadership style.
They also have a positive influence on firms’ attitudes to social responsibility. Companies with more women on their boards engage more with social causes and charitable actions, and have a more philanthropic response to natural disasters.
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