Global PR firm, Weber Shandwick, has launched the Gender Forward Pioneer (GFP) Index which reveals that 10.9 per cent of senior executives in the world’s 500 largest companies are women.
The GFP report aims to measure the percentage of women in senior management positions at Fortune Global 500 companies. None of these top companies has an equal representation of men and women on their senior management teams. Nearly four in 10 companies have an all-male senior leadership team.
However, Weber Shandwick found that companies with the “most admired” reputation from industry peers have a higher proportion of female leaders.
Gail Heimann, president at Weber Shandwick, said: “Reputational advantage accrues to companies with more women in senior executive positions. This is great news for companies and great news for women. But despite a strong business case for improving women’s access to C-level positions, as confirmed by countless research studies, our GFP Index magnifies a harsh reality where few women are represented in the highest corporate ranks.”
The GFI report evaluated 8,600 executives across 36 countries. It audited the Fortune Global 500 companies and identified top-level executives and their gender.