- Education And Career
- Companies & Markets
- Gadgets & Technology
- After Hours
- Banking & Finance
- Energy & Infra
- Case Study
- Web Exclusive
- Property Review
- Digital India
- Work Life Balance
- Test category by sumit
Does The World Need More Feminine Leadership?
The World Economic Forum predicted in 2015 that it would take until 2133 to achieve global gender parity
Photo Credit :
As I write this article some dramatic changes are shaping the world. In a sudden sweep to power, Theresa May, is now Britain's new PM and is faced with the challenging task of negotiating BREXIT and getting the British economy back on track. In the USA, Hillary Clinton, despite all the hurdles in her way, could well be America's first-ever female President.
Does the world need more feminine leadership?
Lets look at the data.
Women are key drivers of economic growth.
As far back as 2007, Catalyst found that Companies with more women board Directors outperform Companies with the least women on their boards by: 66% ROI, 54% ROE and 42% return on sales. Subsequent studies show a similar trend.
Other studies estimate that reductions in barriers to female labor force participation would increase the size of GDP 9% in USA, 13% in the Euro Zone and 16% in Japan.
Women have a direct and positive social impact.
It is estimated that women reinvest far more of their income on their families & communities versus men.
Gender diversity on boards is connected with better Corporate Governance and less unethical behavior. For example it is noted that higher number of women on Boards were associated with lower corporate fraud in China.
A study found that Fortune 500 Companies with a higher percentage of women on their Board of directors was more likely to be on Ethisphere Institute's list of the "worlds most ethical companies."
Catalyst and Harvard Business School found that that more women leaders at the top corresponded directly to higher levels of corporate social responsibility and higher quality CSR initiatives.
Women outperform men on numerous leadership competencies.
An INSEAD study looked at the 360-degree evaluations of nearly 3000 executives from 149 countries. Men and women subordinates, peers, supervisors, suppliers, and customers all rated women leaders higher than men on seven or more competencies, including energizing, designing and aligning, outside orientation and tenacity.
In the political arena there is no denying the success German Chancellor Angela Merkel has had in steering Germany out of recession and as a key influencer in Europe.
So the data is clear. More women in leadership makes for better business, stronger economies and more ethical and purposeful leadership that positively impacts society.
In my personal journey of writing the book "Break the ceiling touch the sky: success secrets of the worlds most inspirational women" (looking at women leaders across 20 countries) and creating "Break the ceiling touch the sky - the success and leadership for women* (which has hosted close to 1000 senior female and male leaders in the last 10 months) I over and again realized one simple truth. Women are equipped and able to make far greater contributions than they currently are! 25 years of working with some of the greatest Companies in the world - Walmart, P&G, GSK, and with several outstanding female bosses have also ratified that for me.
The world needs more women in leadership. That is the simple truth.
Bur we are going far too slow in this important area. Currently, only 4.5% of the world's largest Companies are lead by women.
There are far fewer female heads of state than male heads of state.
The World Economic Forum predicted in 2015 that it would take until 2133 to achieve global gender parity.
The only conclusion I can draw from all of this that women and men (the men that truly wish to see the world and society progress along the path of peace, prosperity and economic success for future generations) must work together to ensure that more women begin to occupy many more places of leadership in business, politics and society.
Women can't go it alone. That is statistically impossible under the current circumstances. They need the support of men. And men can't go it alone either if they want to reap all of the aforementioned benefits that the involvement of women at the top is indicating.
The world does need more feminine leadership. And the world needs more men to support and celebrate that.
In the famous Hollywood film MY FAIR LADY is the famous quote "Why cant a woman be more like a man?" Perhaps the better question to ask today is "Why cant a man be more like a woman."
The 2016 World Edition of Break the ceiling touch the sky - the success and leadership summit for women ™ from the House of Rose Professional is being held in Singapore at the Shangri-La on Aug 29, 2016.
BW Businessworld is proud to be a network partner for the summit. Participants can register only via www.houseofroseprofessional.com
(The article above includes references to information or research done from the World Economic Forum Gender Gap Report and Catalyst)
Disclaimer: The views expressed in the article above are those of the authors' and do not necessarily represent or reflect the views of this publishing house. Unless otherwise noted, the author is writing in his/her personal capacity. They are not intended and should not be thought to represent official ideas, attitudes, or policies of any agency or institution.