The benefits of gender diversity have been firmly established as facts. Fortune 1000 companies that have female CEOs performed better than the S&P 500 average over a 12-year time period, according to one study. Having more women in executive positions is tied to greater profitability, according to another.
More broadly, an analysis by McKinsey Global Institute found that global GDP could increase by $12 trillion if “every country matched the progress toward gender parity of its fastest-moving neighbor.”
Seemingly countless anecdotes, in every industry, support these statistics. Inclusiveness and gender equality equal better performance.
The Economist Intelligence Unit last week released its Glass-Ceiling Index, a statistical measure which aims to reveal where women have the best chances of equal treatment at work. The United States fell in the middle of the pack, a tad below the OECD average.
The optimistic take is that business, particularly businesses in the U.S., have great opportunity to capture the value that diverse leadership teams bring to the enterprise. We’ll continue to do all we can to be a part of the solution.