News analysis

Member’s survey – women on boards and in leadership roles

by Delphine Joyeux

In recent years there has been progress regarding women on boards and in leadership roles. However, the consensus is that progress remains too slow.  The Corporate Governance Institute surveyed its members as part of a series of articles and interviews focused on International Women’s Day 2022. Our aim was to find out how our members felt about gender diversity and parity in the boardroom.

The results are quite telling, and while our members believed progress is being made, it is slow.

Key takeaways

  • A small majority of respondents, 55%, think legislation should be introduced to ensure greater diversity at the board level in firms. 
  • 85% of respondents believe women’s representation in executive leadership and board positions is increasing yet 65% of them say it’s not happening fast enough. 
  • 85% of respondents think board positions are not as easily accessible to women, while 90% of respondents feel male business leaders don’t understand the barriers that women face at work. 
  • When it comes to holding senior leaders accountable for progress on diversity goals and emphatic 95% of respondents say CEOs and managers should be held accountable and have diversity metrics built into their performance reviews. 
  • And on the topic of the long-term implications of flexible working on the representation of women in senior leadership roles, just 50% said it would have a positive impact while 25% said the impact would be negative.

Questions and answers – women on boards and in leadership roles

  1. Should legislation be introduced to ensure greater diversity at the board level in firms?
  • 55% said yes
  • 20% said it already existed in their country
  • 25% said they were unsure
  1. Do you feel women’s representation in executive leadership and board positions is increasing?
  • 85% said yes
  • 10% said no
  • 5% were unsure
  1. If you think it is – at what rate is it increasing?
  • 65% said not fast enough
  • 30% said they were unsure
  • 5% said yes it was increasing
  1. In your experience, at work do you think women are promoted to board or executive roles at equal rates to men?
  • 85% said no
  • 10% were unsure
  • 5% said yes
  1. In your experience, do you think board positions are as equally accessible to women as they are to men?
  • 85% said no
  • 15% said yes
  1. In your experience, do you think organisations are doing enough to retain women in the workplace?
  • 60% said no
  • 30% said they were unsure
  • 10% said yes
  1. Do you feel male business leaders understand the barriers that women face at work?
  • 90% said no
  • 10% said yes
  1. In your experience, do you feel companies need to create a culture that fully leverages the benefits of diversity—one in which women, and all employees, feel comfortable bringing their unique ideas, perspectives, and experiences to the table?
  • 95% said yes
  • 5% said no
  1. According to McKinsey & Company, only two-thirds of companies hold senior leaders accountable for progress on diversity goals. Should CEOs and managers be held accountable and have diversity metrics built into their performance reviews?
  • 95% said yes
  • 5% said no
  1. Do you feel business leaders do enough and clearly communicate what is expected of employees and what it means to have an inclusive culture?
  • 95% said no
  • 5% said yes
  1. What do you think the long-term implications of flexible working will be for the representation of women in senior leadership roles?
  • 50% said positive
  • 25% said negative
  • 15% said no impact
  • 10% were insure
  1. In your experience, what impact has female representation brought to the boardroom: [Improved strategy development]
  • 65% said yes
  • 35% said they were unsure
  1. In your experience, what impact has female representation brought to the boardroom: [Improved decision making]
  • 70% said yes
  • 30% said no
Tags
Diversity
gender balance
Leadership
women on boards