Why are there so few women CEOs?
Reasons for this include unequal pay, stress and burnout, limited advancement opportunities, and a lack of flexibility
The report also highlights that only 3.6 % of board chairs in India are women, which is a decrease of 0.9 percent since 2018
Even when women do enter the workplace, the pipeline for them to climb to a leadership level is still shaky. Women are facing higher economic and personal pressures, leading to a record number of them leaving their jobs.
Reasons for this include unequal pay, stress and burnout, limited advancement opportunities, and a lack of flexibility.
According to Deloitte Global's ‘Women in the Boardroom’ report, women hold 17.1 percent of board seats in India, marking a 9.4 percent increase since the 2014 edition when the Companies Act, 2013 made it mandatory to have at least one woman on every board.
However, the report also highlights that only 3.6 percent of board chairs in India are women, which is a decrease of 0.9 percent since 2018.
Even though women CEOs now lead 10% of Fortune 500 companies, the achievement emphasises the urgent need for greater female representation at all levels of leadership.