More women on US company boards, but C-suite still a challenge
Recent data shows that while there has been an increase in the number of women serving on boards of US companies, the number of female executives has actually decreased for the first time in years. This highlights the ongoing struggle to achieve true diversity in corporate leadership in America.
The percentage of women serving on boards of Russell 3000 index companies has been steadily increasing, reaching 30% this year. However, the number of women in executive positions has seen a decline in 2023, marking the first drop since at least 2005. Additionally, the growth of women in senior management roles below the executive level has slowed down significantly.
Overall, progress is being made, but there is still work to be done to ensure equal representation in the highest levels of corporate leadership.
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