8.8% of Fortune 500 CEOs are women, the highest of any index

WASHINGTON, September 22, 2022 /PRNewswire/ — In honor of National Women’s Business Day, the Women Business Collaborative (WBC), Ascend, C200 and Catalyst have released their third annual report highlighting America’s women leaders! In the summer of 2022, 8.8% of CEOs were women, and today women make up 9% of Fortune 500 CEOs.

Women Leaders in America report offers much more than just data on women running the country’s major corporations,” he said Eddie Fraser, CEO of the WBC. “It goes beyond the numbers to provide an understanding of what’s happening and why, adding depth and breadth to the data and helping to position the numbers in the context of not just corporate America, but our society as a whole.”

While the numbers on the Fortune 500 are rising, the advancement of women of color is lagging in indexes that include the Fortune, S&P 500 and private companies.

Much progress still needs to be made to put more diverse CEOs at the helm of America’s biggest companies. There is a huge increase in the number of women starting businesses. Research shows that women own 40% of all businesses in America, and black and Hispanic founders are starting businesses in record numbers. We’re sharing this report to hold companies accountable for ensuring women, especially women of color, have equal access to leadership opportunities and networks for advancement.”Kimber MaderazzoChair, C200

Five main findings of this year’s report:

  • Changes are happening. Although the figures show slow progress in the management of the country’s leading companies, key indicators of gender equality are moving in a positive direction.
  • Tolerance and inclusion. Young workers bring a strong desire for greater tolerance and inclusion that has not been seen before.
  • Change must start from the top. CEOs and boards need to do more to demonstrate that diversity and inclusion are a necessity, not a luxury.
  • Mentors and sponsors matter. Women remain at a distinct disadvantage when it comes to mentors, networks and sponsors. Corporate leaders, both men and women, need to step up and serve as mentors and sponsors for early and mid-career women.
  • Diverse leadership is linked to performance. Women CEOs and government leaders are tangible examples of the talents, skills and contributions women bring to their companies and communities.

This report provides a detailed breakdown of the women who lead Fortune 500, Fortune 1000, Russell 3000, S&P 500, and private companies. 1 billion dollarsand women entrepreneurs over 500 million dollars. The report’s articles and analysis outline 10 accelerators that business and society can do to ensure more female leaders.

We are more than ready and will bring to the position not only multicultural and multifaceted perspectives, experience and wisdom, but the fortitude and resilience that we have had to break through the many barriers and glass ceilings along the way—all strengths that will help our companies thrive in an increasingly complex and interconnected world!” – it is noted Anna Mockpresident and chairman, Ascend

“This year saw a record number of 44 CEOs, and this report underscores what we’ve long known about advancing women to senior leadership positions: progress is slow, but possible,” said Lorraine Hariton, President and CEO of Catalyst

The report was released during the second day of the annual WBC Action For Impact Summit. For more information and to download a copy of the report, visit www.wbcollaborative.org.

About the Women Business Collaborative

The Women Business Collaborative (WBC) is an unprecedented alliance of more than 75 women’s business organizations and hundreds of business leaders who are building a movement for equal opportunity, pay and power for all women in business. Through collaboration, advocacy, action and accountability, we mobilize thousands of diverse professional women and men, business organizations, public and private companies to accelerate change.

About Ascend

get up is the largest pan-Asian business organization of professional membership in North America aims to foster workplace and societal impact by developing and elevating all Asian and Pacific Islander (API) business leaders and empowering them to be catalysts for change.

About C200

C200 is a women’s business leadership organization whose mission is to educate, inspire, support and advance women in business. Its community includes the most successful female entrepreneurs and corporate business leaders who have come together to change the face of business leadership

About the catalyst

Catalyst is a global non-profit organization backed by many of the world’s most influential executives and leading companies to help create workplaces that work for women. Founded in 1962, Catalyst drives change through outstanding thought leadership, actionable solutions and an active community of multinational corporations to accelerate and advance women into leadership because progress for women is progress for all.

SOURCE Women’s business collective

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