The UN's International Labour Organization found in a fresh study that companies that improve gender diversity in their management report significant profit increases.
And some 57% said growing the number of women at the top made it easier to attract and retain talent, while nearly as many said they saw improvements in creativity, innovation and openness, and an enhancement of the company's reputation. Gender balance in senior management is defined as 40% to 60% of either gender, and the ILO said the beneficial effects of gender diversity begin to kick in when women hold at least 30% of senior management and leadership positions.
"The glass ceiling is still intact. There are some cracks in it but there is still some way to go," France-Massin told reporters in Geneva. Globally, only around 20% of chief executives are women, and the ones that do get to the top generally run smaller companies.
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