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Gender Parity Is a Leadership Issue

Gender Parity Is a Leadership Issue
Photograph by Gallery Stock

If acknowledging a problem is the first step toward finding a solution, the events commemorating International Women’s Day on March 8 at least show that global business leaders are working toward greater gender parity in both the C-suite and the boardroom. To date, more than 670 business leaders have signed the CEO Statement of support for the United Nations Women Empowerment Principles.

Still, the challenge of gender parity in senior leadership remains daunting. In the U.S., the percentage of women serving as corporate officers and board members at Fortune 500 companies has remained largely stagnant over the past decade, while in Europe, women comprise only 10 percent of leadership ranks despite accounting for the majority of college graduates. The data in some other developed economies, such as Japan, are far worse.