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IWD 2022: ONLY 6% OF CEO ROLES IN TOP 300 FIRMS ARE HELD BY WOMEN


TOP D&I THOUGHT LEADERS HEAD UP OUR FREE SERIES OF EVENTS FOR IWD 2022

By Growth Faculty / 9th February 2022






The campaign theme for IWD 2022 is #BreakTheBias. Often hidden, bias is blamed
for keeping women on the lower rungs of the corporate ladder.

Every day of March 7-11, the week of International Women’s Day (IWD), Growth
Faculty will host free live virtual events with top experts to help leaders
become more aware and inclusive. It promises to be an entertaining 5-day series
with a serious message - business leaders are holding back talented emerging
leaders who happen to be women. If you need convincing something needs to be
done, read these leadership facts: 

7 shameful women in leadership facts

·       A third of Australian boards still have no female directors. Only half a
percent of boards have no male directors.

·       Australian women hold 15% of chair positions. Men hold 85%.

·       Women hold just 6% of CEO roles in the ASX300. 94% are held by men.

·       14% of line roles (profit and loss responsibility roles traditionally
seen as the pipeline for CEO) are held by women. 86% are held by men.

·       Australian women make up 33% of key management personnel. Men make up
67%.

·       During the pandemic there has been a 2% per year increase in the
proportion of women on ASX 200 boards.

·       Experiments have shown women who initiate pay negotiations are judged
more harshly by men for doing so. Men say they are significantly less willing to
work with such women.




Don’t Be Too Polite, Girls

Growth Faculty's free week of events for IWD2022 includes an interview with
Wendy McCarthy AO on her new memoir Don’t Be Too Polite, Girls. After 50 years
at the leading edge of feminism and corporate life, Wendy will share her story
and survival tips. McCarthy currently is Deputy-Chair of Goodstart Early
Learning, a non-executive director of IMF Bentham, the world’s most experienced
and successful litigation funder, patron of the Sydney Women’s Fund, ambassador
for 1 Million Women, and advisor to Grace Papers.



Global leader to speak

Founder and Secretary General of the Council of Women World Leaders Laura
Liswood will speak about her soon-to-be-released book The Elephant and the
Mouse, bringing her extensive expertise on diversity and inclusion to the table.
Laura is also the author of Women World Leaders, The Loudest Duck, and Serving
Them Right.

The Council of Women World Leaders is composed of 72 women presidents, prime
ministers, and heads of government, and the only organisation in the world
dedicated to women heads of state and government.




How To Be An Inclusive Leader

Also during our series of free events March 7-11, a keynote address from
Jennifer Brown, internationally renowned inclusivity consultant and author of
How to Be an Inclusive Leader and Beyond Diversity. A practical session on the
journey to create an inclusive workplace where everyone is welcomed, valued,
respected, and heard.




Power: A Women’s Guide to Living

This free live virtual event will be an interview with Kemi Nekvapil, author of
Power: A Women’s Guide to Living, Leading Without Apology and The Gift of
Asking. Having studied leadership and purpose at The Gross National Happiness
Centre in Bhutan, Kemi is a wellness consultant and international speaker who
has trained with Brené Brown as a Dare to Lead ™ Facilitator. She works
primarily with women in leadership to unblock the obstacles that would prevent
value based leadership.




Male Panel

We will wrap up our 5-day series of free, live virtual events with a panel made
up of male champions of change, including Nick Hockley, CEO of Cricket
Australia. Leadership in Australia is predominately male, so the issue of gender
equality is, by necessity, an issue for men in Australia's executive teams.




A human right

There is much to discuss, not the least of which is that gender equality is a
human right, and Goal #5 of the UN Sustainable Development Goals. 



Graphic: UN Sustainable Development Goals ‘wedding cake’, Stockholm Resilience
Centre https://commons.wikimedia.org/wiki/File:SDG_wedding_cake.jpg

Less adaptive if there's bias

Businesses won’t succeed and society won’t thrive without gender equality. A
bias culture that lacks diversity may be less adaptive, creative, and flexible
than is required for the new age. Conversely there is huge upside to promoting
women to leadership positions. They are shown to be highly qualified, effective,
emotionally intelligent, productive, keen to learn and develop, and great for a
company’s bottom line. According to the Workplace Gender Equality Agency’s
director Libby Lyons, an increase of 10 percentage points or more in female
representation on boards leads to a 4.9% increase in company market value – this
equates to about AUD $78.5 million.




Bias is a villian amongst many

“This bias just grinds away at [women’s] confidence, which then affects their
competence, and, at some point, attacks their performance." - Indra Nooyi.

Bias is among “hundreds of issues – some tiny and difficult to pinpoint and some
huge and structural” says former PepsiCo CEO and Chair Indra Nooyi, who says she
was on the top rung of the ‘women’s ladder’, a steeper, more slippery ladder
than that climbed by men. Her book My Life in Full credits the many male leaders
who did help her up the steeper ladder. Australian leadership could take heed.




100 years to wait

If we do not tackle bias, a century will pass before corporate Australia
promotes women into leadership positions in significant numbers. Companies and
leaders around the world need to make a concerted effort to master the A.B.C.s.
of breaking bias:

·  Admit it – We are human, biases are there.

·  Block it – Redesign the system (ie. anonymise resumes).

·  Count it – Set specific numeric targets… (many companies are setting goals of
40% female, 40% male, 20% flexible).

·  Support it – Champion diversity and inclusion. Our free week of events will
show you how.




Checklist for leaders

Growth Faculty’s access to global thought leaders offers new frameworks and
insights to the growing call for change. Inspired by IWD 2022’s theme
#breakthebias we’ve compiled a checklist to help company executives and boards
self-assess how they’re supporting women leadership in 2022. Download our
checklist now.




Finally, if you'd like to increase your professional and personal development
why not consider becoming a Leadership Pass Holder with Growth Faculty?
Unlimited access to 40 live virtual masterclasses and Global Headliner virtual
events - PLUS year-round leadership content at On Demand with videos, podcasts
and book summaries. Join a community of knowledge seekers who are inspired by
the best. Access $7500+ value for just $398 AUD. See what's included.




References and further reading:

Gender Workplace Statistics At a Glance, 2021, and Gender Equity Insights 2020,
BCEC WGEA Gender Equity Series

M. Donald 2019, Leading and Managing Change in the Age of Disruption and
Artificial Intelligence.

 J. Zinger 3 Reasons To Recruit And Select More Female Leaders, Forbes

Inclusify by Dr Stefanie Johnson

S.Hardacre and E. Subašić, 2018, Whose Issue Is It Anyway? The Effects of Leader
Gender and Equality Message Framing on Men’s and Women’s Mobilization Toward
Workplace Gender Equality, Frontiers in Psychology. 

K. Evans, 2018, ‘Barriers to women in senior leadership in Australian
corporations- A Thesis’, Charles Sturt University

 Indra Nooyi, My Life in Full

McKinsey & Co, 2021, Women in the Workplace

CEW Senior Executive Census 2021 

Creating Pathways to the Board for Women, 2021, AICD

Fitzsimmons, T.W., Yates, M.S. & Callan, V.J. (2021). Towards Board Gender
Parity: Lessons from the Past - Directions for the Future. Brisbane: University
of Queensland Business School.

Australian Government, 2020 Employment Market Projections to 2025, Labour Market
Information Portal.

Global Gender Gap Report 2021, World Economic Forum

Graphic: UN Sustainable Development Goals ‘wedding cake’, Stockholm Resilience
Centre, Wikipedia

 * #Leadership

Related Stories

 1. Is your advice monster demotivating your team?
    
    By Christine Kininmonth

 2. 10 Leadership Qualities To Work On In 2022
    
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 3. Indra Nooyi talks about My Life in Full: Work, Family, and Our Future
    
    By Christine Kininmonth

 4. At 80, Wendy McCarthy warns Don’t Be Too Polite, Girls
    
    By Growth Faculty

 5. 3 steps for a culture of learning in a zig-zag world
    
    By Growth Faculty

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Upcoming Events

 1.  International Women's Day
     
     D&I experts unite to foster more inclusive workplaces
     
     Free Event Series
     
     

 2.  Victoria Medvec - High Stakes Negotiation
     
     Victoria Medvec on Negotiation
     
     GLOBAL HEADLINE EVENT
     
     16 MAR

 3.  Radical Candor
     
     Amy Sandler on Leadership
     
     VIRTUAL MASTERCLASS
     
     23 MAR

 4.  Multipliers 4 Part Immersion Series
     
     Multipliers 4 Part Application Workshop
     
     VIRTUAL WORKSHOP
     
     

 5.  Unlearn the Past and Succeed in the Future
     
     Barry O'Reilly on Leadership
     
     VIRTUAL MASTERCLASS
     
     30 MAR

 6.  Whitney Johnson - Smart Growth
     
     Whitney Johnson on Leadership
     
     Live Book Club Event
     
     31 March

 7.  Atomic Habits
     
     James Clear on Leadership
     
     VIRTUAL MASTERCLASS
     
     6 APR

 8.  Stephen M. R. Covey, Trust & Inspire
     
     Stephen M. R. Covey
     
     Live Book Club Event
     
     26 April

 9.  Patrick Lencioni - Building High Performing Teams
     
     Patrick Lencioni on Leadership
     
     GLOBAL HEADLINE EVENT
     
     27 APR

 10. Daniel Pink - The Power of Regret: How Looking Backward Moves us Forward
     
     Daniel Pink
     
     Live Book Club Event
     
     10 May

 11. Hidden Growth Killers
     
     Mark Green on Growth
     
     VIRTUAL MASTERCLASS
     
     11 MAY

 12. Recruit. Grow. Repeat.
     
     Chris Mursau on People
     
     VIRTUAL MASTERCLASS
     
     18 MAY

 13. Build Brave Leaders and Courageous Cultures
     
     Kylie Lewis on Leadership
     
     VIRTUAL MASTERCLASS
     
     25 MAY




LATEST FROM THE GROWTH FACULTY

EVENTS


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23rd February 2022 in Leadership



10 LEADERSHIP QUALITIES TO WORK ON IN 2022

17th February 2022 in Leadership



INDRA NOOYI TALKS ABOUT MY LIFE IN FULL: WORK, FAMILY, AND OUR FUTURE

16th February 2022 in Leadership



AT 80, WENDY MCCARTHY WARNS DON’T BE TOO POLITE, GIRLS

14th February 2022 in Leadership



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UPCOMING EVENTS

 * International Women's Day
 * Victoria Medvec - High Stakes Negotiation
 * Radical Candor
 * Multipliers 4 Part Immersion Series
 * Unlearn the Past and Succeed in the Future
 * Whitney Johnson - Smart Growth: How to Grow Your People to Grow Your Company
 * Atomic Habits
 * Stephen M. R. Covey - Trust & Inspire
 * Patrick Lencioni - Building High Performing Teams
 * Daniel Pink - The Power of Regret: How Looking Backward Moves us Forward
 * Hidden Growth Killers
 * Recruit. Grow. Repeat: Why the success of your business hangs on your hiring
 * Build Brave Leaders and Courageous Cultures

 

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