Weber Shandwick released its Gender Forward Pioneer (GFP) 2016 Index, which measures the percentage of women in senior management positions at Fortune Global 500 companies. The Index is a supplement to Gender Equality in the Executive Ranks: A Paradox – The Journey to 2030, a global study sponsored by Weber Shandwick and KRC Research and conducted by The Economist Intelligence Unit (EIU).
According to the GFP Index, only 10.9% of senior executives at the world’s largest 500 companies are women. Not one company has an equal representation of men and women in their top ranks, and nearly 40% have an all-male senior leadership team. The Index also shows that those companies designated with a Fortune “Most Admired” status have twice as many women in senior management as those with lesser regarded reputations (17% vs. 8%, respectively).
The top industry for women in senior management is General Merchandisers (33% female). North America has the highest proportion of senior women (19%), while Sweden is the individual market with the highest proportion of senior women (27%) represented in their Fortune 500 companies. Turkey (26%) and Australia (23%) make up the rest of the top three.