May 31, 2020         
Sephora North America Evolves Its Beauty Insider Program   •   DeVry University Answers the Call to Reskill America With Complimentary Technology Skills-Building Video Series   •   FDA Approves the First Oral Medication for the Management of Heavy Menstrual Bleeding Due to Uterine Fibroids in Pre-menopausal   •   RGENIX Shows Clinical Activity of Novel Agent RGX-202 in Patients with KRAS Mutant Colorectal Cancer in Phase 1 Trial   •   ProfNet Expert Alerts for May 29, 2020   •   Asian American and Pacific Islander Communities Around the U.S. Raising Over $31 Million Worth of Donations for COVID-19 Relief   •   The American Legion calls for White House to protect vets 'borrower defense'   •   PieMatrix Offers Free COVID-19 Back to Business Tool with CDC Content Hidden by Trump Administration   •   Caps and Gowns Go On at Home: iQ Academy Minnesota to Celebrate Class of 2020 with Online Commencement   •   LetsGetChecked Debuts FDA EUA-Authorized At-Home Coronavirus (COVID-19) Sure-track Test   •   HealthyChildren.org Pays Tribute to Dad with Sweepstakes Giveaway   •   Shocking COVID Cover-up: Hollywood Nursing Home Forged Death Certificate To Hide Its COVID Problem; Family Sues For Accountabili   •   Maine Virtual Academy Celebrates 2020 Graduates in a COVID Era: School Will Provide Pre-Recorded Ceremonies So Families Can Acce   •   MemoryCare.com Names the Best Facilities for Senior Memory Care in Springfield, MO   •   Gynesonics Receives FDA Clearance to Market Next Generation Sonata® System 2.1   •   Career Partners International's Retirement Options Continues to Certify Retirement Planning Coaches   •   Robert Half's Lynne Smith Honored As An Influential Woman In Bay Area Business   •   Navigating Pregnancy and Postpartum in the COVID-19 Era   •   Aramark Opens More Than 100 Pop-Up Grocery Stores for Frontline Healthcare Workers   •   CORRECTING and REPLACING PHOTO Aramark Opens More Than 100 Pop-Up Grocery Stores for Frontline Healthcare Workers
Bookmark and Share

Closing The Corporate Gender Gap

 EVANSTON, IL -- Despite continued gains in low to mid-level management positions, women still struggle to break through the corporate glass ceiling for coveted top management positions. Today, women account for nearly half of the nation's overall workforce but hold only 6 percent of corporate CEO and high-level executive roles. New research from the Kellogg School of Management at Northwestern University finds that one key to career advancement for women may lie in the gender make-up of a company's corporate board.

The research examines female representation on corporate boards and its subsequent effect on the gender composition of the company's top management positions. According to the study, a higher representation of women on a company's board of directors directly increases the female share of and access to higher positions within the company.

"Unfortunately, there are still institutional gender barriers in today's workplace that prevent women from holding high-level executive positions," said Professor David Matsa, assistant professor of finance at the Kellogg School. "Our research uncovers the impact of 'women helping women' at the highest level of company leadership. Women who hold board positions have a unique opportunity to propel their female colleagues into executive roles, so in effect when women's share of board seats increases, their share of top level positions also increases."

Matsa, with co-author Amalia Miller of the University of Virginia and the RAND Corporation, a non-profit research organization, analyzed data about corporate board members and top executives for a large panel of publicly traded companies from 1997 to 2009. During the sample period, women's share of board seats increased by 7.2 percentage points (a 94 percent increase from initial levels) and their share of top executive positions increased by 2.8 percentage points (an 86 percent increase). Remarkably, the share of companies with female CEOs increased more than sixfold to 5.7 percent of companies.

"In addition, we also found that as a board's gender composition evolved and increased its number of female seats, over time the likelihood that these boards would select female managers also increased," said Matsa. "However, this gender shift can take multiple years. Our research shows that while the female share of board seats may increase the desire to hire other female executives, there is a lag time for women to achieve these roles probably because the positions are currently occupied by qualified candidates."

Interestingly, the researchers noted that the reverse situation is not true: having female executives in top roles did not impact the gender make up of corporate boards over time. This implies that female board membership typically precedes shifts in executive positions held by women, but not vice versa.

"Overall, the results show that women are each other's best advocates, and by helping one another they have the potential to make remarkable gains in today's workforce," said Matsa. "When women are seated at the highest levels in corporate America, they are in a unique position to serve as mentors to those below them and to create more opportunities for female leadership and management roles."

The study, "Chipping Away at the Glass Ceiling: Gender Spillovers in Corporate Leadership," will be published in the May 2011issue of The American Economic Review: Papers and Proceedings.


STORY TAGS: Women News, Minority News, Discrimination, Diversity, Female, Underrepresented, Equality, Gender Bias, Equality



Back to top
| Back to home page
Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News