Vancouver Sun, 19 October. 2010.
Q&A-type feature on Frieda Granot, a trailblazing scholar at University of British Columbia's Sauder School of Business.
...On the same track, how do women increase the likelihood that they will be considered for senior corporate jobs?
Let me preempt my answer by saying that I don't think that growing the number and proportion of women in leadership roles is just a women's issue. It is the recognition by the organizations employing them the important role they can play in contributing to the well being of the organization and to the global economy.
Research by the Catalyst Corporation shows that Fortune 500 companies with the highest proportion of women in senior management significantly outperform those with the lowest proportion - both in return on equity and in total shareholder return.
New York-based consulting firm McKinsey & Co. has released a series of reports since 2007 making the case that gender diversity at the top is a corporate performance driver.
Goldman Sachs studies show gross-domestic-product growth accelerates when women hold positions of power. The company recommends investing in countries where the gender gap is closing and where the "laws and social norms that have discriminated against women are shifting." To address the global gender gap, Goldman has created the 10,000 Women Initiative - a $100 million, five-year program to provide an advanced business education for women.
And in 2006, The Economist magazine proclaimed, "Forget China, India and the Internet: Economic growth is driven by women."
Related articles
Comments