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Women in the boardroom: How greater gender parity helps companies

Samantha Chiew
Samantha Chiew3/3/2022 05:23 PM GMT+08  • 4 min read
Women in the boardroom: How greater gender parity helps companies
Growth in returns peaks when the number of female leaders is equal to that of male leaders, finds a study of 577 SGX-listees.
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For a long time, women were under-represented in boardrooms. However, slowly but surely, this is starting to change. According to key findings of Deloitte Global’s Women in the Boardroom report, women held about 19.7% of board seats globally in 2021, an improvement from 16.9% in 2018 and 15.0% in 2016.

The C-suite category has also shown some improvement, with 5% of CEOs last year being women, up from 4.4% in 2018, while 15.7% of CFO positions are held by women, up from 12.7% in 2018.

Although there was an increase in female board representation last year, the progress at the chair and CEO levels is less apparent. This underscores the notion that placing more women on corporate boards does not necessarily equate to progress across leadership positions.

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