Why Family Businesses Have a Higher Percentage of Women Leaders
KENNESAW, Ga. (Mar 16, 2018) — While women make up at least 40% of the workforce in 80 countries, they remain greatly underrepresented in leadership roles. The number of women who are currently CEOs of Fortune 500 companies—a record high—is only 32, and as of 2015, women made up just 13.8% of top management and 14.7% of board members at these companies.
Clearly, much work remains before the playing field is leveled in the business world generally. But there’s one place where the problem, if nowhere near solved, is not as bad as elsewhere: The world’s largest, longest-lasting family businesses are advancing women, including non-family members, further and faster than their non-family counterparts.