We need more women in the C-suite. It won’t happen on its own.

  • Date: 15-Sep-2020
  • Source: Business Insider
  • Sector:Economy
  • Country:GCC
  • Who else needs to know?

We need more women in the C-suite. It won’t happen on its own.

Last week Citigroup announced that Jane Fraser would succeed Mike Corbat as CEO when he retires in February 2021.

Fraser will be the first woman to lead a major US bank.

Her promotion is a symbolic step up for women across industries, and not only in finance. Just 6% of CEOs at S&P 500 companies are women, according to the research and strategy development nonprofit Catalyst.

There's no single, direct path to shattering the proverbial glass ceiling. But one thing's for sure: Women won't wind up in the C-suite by chance. Organizations need to be deliberate about addressing the systemic gender biases that preclude women from advancing in their careers.

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