As a woman who’s navigated the corporate landscape for over a decade, I’ve witnessed firsthand the evolving story of gender diversity in leadership.
Today, I’m excited to share some recent findings that not only validate my experiences but also highlight the progress we’ve made and the challenges we still face.
Until 2015, women used to feel the weight of representation on their shoulders in a boardroom. Fast forward to 2024, and the landscape has shifted dramatically.
A recent NCAER study reveals that women’s share on corporate boards in India has surged to 15.7% – more than tripling since 2015.
This statistic isn’t just a number to me; it represents countless conversations, initiatives, and bold steps taken by women and allies across the corporate world.
But here’s what really gets me excited: companies with women on their boards are reporting healthier finances, higher stability, and lower risk.
It’s validation of what I’ve always believed – diverse perspectives lead to better decision-making and stronger businesses.
However, our journey is far from over.
The study points out a concerning lag in women’s presence in senior management (CXO) roles, increasing from 13.8% in FY2014 to only 21.8% in FY23.
This resonates with my own observations. While I’ve seen more women joining boards, the executive suite often remains a boys’ club.
Interestingly, the study revealed some surprises that challenge our assumptions:
Reflecting on my journey, I’m reminded of the mentors who championed me, the networks that supported me, and the courage it took to speak up in rooms where I was the only woman.
But I’m also thinking of the young women I mentor now, and the responsibility we have to pave the way for them.
As we celebrate our progress, let’s also commit to addressing the gaps.
We need to create more pathways for women into executive roles, challenge biases in succession planning, and foster inclusive cultures that value diverse leadership styles.
Have you seen this shift in your workplace? What obstacles have you faced or observed?
And most importantly, how can we work together to accelerate progress?