In the last decade, the faces of women on corporate boards have been seen frequently. This is not just about equality; it's a big change in how leadership works.
From Fortune 500 boardrooms to political spaces, more women in charge are changing industries and governance around the world. For instance, the current General Motors’ chief executive officer Mary Barra has been charting the company into the future, that is electric vehicles.
Another Black female we cannot miss in the top leaders list is Rosalind Brewer, the CEO of the Walgreens Boots Alliance; She is one of the few Blacks who are managing Fortune 500 firms. Eliminating all the barriers and coming out as strong contenders of a corporate leadership title, women on board are writing a new script of power.
Diversity in Leadership: More Than a Trend
Researchers find that often men and women approach a task differently because of their varied life experiences. For example, women often are more collaborative and empathic when it comes to decision making. Thus diversity in leadership results in fostering a teamwork and inclusive environment in a workplace.
According to the McKinsey & Company’s study, gender diversification in top management was 21% more likely to generate above-average returns on a company. Apart from this it improves the team performance and in result, increases business revenue as different perspectives are appreciated that will build a more flexible and resilient business model.
The Ripple Effect: Changing Industries and Governance
When women take charge, its impact is seen beyond the boardroom. Holding power by women means that they will bring different perceptions to the operational table. It helps to forge change and inclusion.
As more women have been given executive seats in political positions and even in companies’ boards they act as agents of change through questioning and pushing for the future to be more inclusive.
In the field of governance, Kiran Bedi has been a role model leading the fight against the trivial norms and bringing new perspectives for development. Kiran Bedi has been changing the world through social transformation while in office as an Advisor to the Secretary General of the United Nations in the Department of Peacekeeping Operations.
Women like Indira Nuyi have not only stepped up the corporate ladder but also pulled other women up. Lifting entrepreneurial lessons from her tenure at PepsiCo; it is clear that women can also steer global firms to prosperity while balancing social responsiveness & profitability.
The Future Is Female
More women are taking influential positions and with this progress made at democracy and institutions, women will surely redefine business and government. The corporate world will gain the benefit of diversity not only in gender but in attitude, experience and ideas as well. Some people also tend to think of female leaders as a new trend since we have young executives such as Mary Barra, and Rosalind Brewer in leadership positions.
We can now see Malala's words ring true: every time a woman rises to a leadership position, with her empathy and soft skills, she makes the world a better place.
With inputs from agencies
Image Source: Multiple agencies
The views expressed are personal to the author and do not reflect the platform's opinion of the same.
© Copyright 2024. All Rights Reserved Powered by Vygr Media.
Author's Profile
Ayushi is passionate about creating content that not only interests the reader but actually helps them add to their knowledge. Holding a degree in science, Ayushi is exploring her creative writing as she transforms ideas into compelling narratives that resonate with readers.
