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New data shows men overwhelmingly dominate corporate leadership in the U.S. and globally, with women CEOs comprising only 5.4% of companies in the S&P Global Broad Market Index.
The International Monetary Fund claims closing this gender gap could increase economic output by 35%. McKinsey found that gender diversity on executive teams is linked to above-average profitability.
To address the issue, companies must focus on fixing systemic barriers and biases instead of asking women to change. Leadership advisor Jenna Fisher recommends implementing practices based on global research to promote and retain women in corporate leadership.
