to develop and promote strategies that transform corporate culture and ensure opportunity for all, by fostering inclusive leadership and advancing individuals of all races, cultures, and backgrounds into positions of shared power and influence.
The Paradigm for Parity® coalition brings together current and former business leaders—including senior executives and industry experts—who are committed to expanding access to leadership opportunities and fostering inclusive cultures across the corporate sector.
Women’s representation among C-suite positions declined in 2023, the first year the representation declined in two decades.
Women represent 50.8% of the United States population. But they currently hold just 6% of CEO positions at S&P 500 companies.
The 2023 global gender gap score stands at 68.4%. That means it will take 131 years to reach full parity.
The gap in representation is even wider for multicultural women, who make up 18% of entry level professionals, 7% of VPs and only 6% of C-Suite executives.
Companies that hire, retain, and promote women, support them in leadership roles, and seed gender parity throughout their ecosystems, do better in the market. They’re more profitable, competitive, and successful (Just Capital).
Companies with more than 30% women executives are more likely to outperform companies with smaller representations of women leaders (MCKINSEY)
Companies with more diverse management earned 38% more of their revenues, on average, from innovative products and services than companies with less diversity in management roles (CATALYST)
There is a positive correlation between increased gender diversity in leadership positions and greater returns on capital (CREDIT SUISSE)
Companies in the top quartile for executive team gender diversity are 25% more likely to have above-average profitability than companies in the bottom quartile (LEAN IN & MCKINSEY 2020)
