Women Gain Ground, Respect
Published: January 29, 2014 (Issue # 1795)
Although women occupy 31 percent of managerial positions in Russian companies, ranked 11th in the world according to Oxford’s Saïd Business School and significantly higher than in the United States or the United Kingdom, much needs to be done to develop true diversity at management level.
“If you look at quantitative data, it’s actually quite clear that the situation for women in senior positions in Russia is relatively positive,” said Katleen de Stobbeleir, a professor in HR Management and Leadership at Vlerick Business School, speaking to The St. Petersburg Times. “Certainly, Russia is ahead of the U.S. and most of Europe in terms of women in senior positions.”
“When I teach executive classes for specific companies in Russia,” de Stobbeleir continued, “I am always surprised by the high proportion of women in the classroom.”
2013 was a milestone year for women in senior positions.
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“On a global scale, the percentage of women in senior roles rose from 21 percent in 2012 to 24 percent in 2013 while Korea inaugurated its first female president,” said Gayle Peterson, co-director of the newly launched Women Transforming Leadership Programme at Oxford’s Saïd Business School, speaking to The St. Petersburg Times.
In 2013, the EU enacted a law requiring a specific number of women in executive positions in companies. Last year the European Commission began voting on a regulation that would require 40 percent of top posts in European Union companies to belong to women. In the U.K., women make up 47 percent of the financial elite, according to CCI-Inform, the commercial and industrial journal of the Chamber of Commerce and Industry of the Russian Federation.
Research has proved that women improve the efficiency of a company. A report from U.S. consultant firm McKinsey and Co. recently revealed that gender-balanced executive boards earn a 56 percent higher operating profit compared to companies with male-only committees.
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