Catalyst 2008 Census Shows Lags in Advancement for Women
Women's advancement in corporate leadership continues to stagnate, with virtually no growth seen in women's share of top positions, according to the 2008 Catalyst Census of Women Board Directors of the Fortune 500 and the 2008 Catalyst Census of Corporate Officers and Top Earners of the Fortune 500. Ilene H. Lang, president and chief executive officer of Catalyst, says, "Exceptional circumstances require exceptional leaders. Now more than ever, as companies examine how best to weather an economy in crisis, we need talented business leaders, and many of these leaders, yet untapped, are women."
The reports show little change in the number of women in the upper ranks of major corporations. Specifically among women’s share of board director positions in the Fortune 500:
Overall representation of women corporate officers and top earners in the Fortune 500 continued to stagnate as well:
The Catalyst Census also contains additional data on women of color board directors. The findings include:
"No change in a year of change is unacceptable — for business, for investors, for policy makers and for the public, which looks to business leadership for innovative solutions and accountability," said Lang. "Smart organizations will seize this opportunity to create credible, 21st century leadership that looks like the future, and bring women, including women of color, front and center into their leadership — on boards and in senior management."