Column: Women at top bring along other
women
In a study released last month, our
research group studied 112 female CEOs in 39 countries over a
one-year period and found their influence has a positive impact on
hiring and promoting other women. Companies led by women have more
female directors in board rooms and in executive
offices.
Here's what's happening in
the USA:
•Six U.S. companies are
listed among the top 10 firms for women globally. All are household
names: Avon, Xerox, WellPoint, Pepsico, Kraft and Sara
Lee.
•Last year, at 15 U.S.
companies in the Fortune 500 led by women, 23% of senior executives
were female compared with a Fortune 500 average of 16%.
•Two companies last year
outperformed their peers in the hiring of high-level women: Western
Union's former CEO Christina Gold had an executive team with five
women out of 11, or 45.5%, and BJ's Wholesale Club CEO Laura J. Sen
has two female executives out of five — 40%. Kraft Foods CEO Irene
Rosenfeld, Avon CEO Andrea Jung and WellPoint CEO Angela Braly all
have senior management teams that are at least one-third
women.
•This year, the number of
female CEOs at Fortune 500 companies dropped to 13, but their impact
was no less dramatic. Fortune 500 companies led by American women
had an average of 31% female directors on their boards compared with
a 16% average in peer companies' boards.
And our global findings
mirrored the influence of U.S. women at the top: Foreign companies
led by women have a higher percentage of women in senior management
at 25%.
Given the value that female
CEOs bring to other women, it's a shame that so few of them get
their shot in the business world. Too many companies are bypassing a
vibrant talent pool, losing that brain power and missing out on new
ideas and bold visions.
Irene Natividad is the
chair of Corporate Women Directors International, a Washington-based
research
group.