Beyoncé knows “who run the world? Girls!”
Well, if Beyoncé declared it, then why hasn’t the business world caught on yet?
Only 14.2% of the top leadership positions at the companies in the S&P 500 are held by women.
What’s worse? Out of those 500 companies, there are only 24 female CEOs.
The good news? Companies that sustain a high representation of women board members significantly outperform companies with few or no women board members, according to a 2011 Catalyst analysis.
Point: Having women in leadership pays off. Literally.
In fact, there is research that proves women’s leadership is more effective than men’s. In a 2003 analysis of existing research, van Engen, Eagly, and Johannesen-Schmidt found that transformational leadership is the most effective for managing. This type of leadership inspires employees to go beyond the call of duty, foster creative solutions, serve as mentors, and articulate plans…
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