"CEO exits and chief executive contenders not getting the top job are normal machinations of corporate C-Suites, but this year they've added up to a stark trend: the number of female CEOs in the Fortune 500, long on a steady climb, has plateaued, underscoring a broader trend in which corporate workplaces seem to be pushing women to the margins once again."
"Ironically, part of the problem women are facing nowadays is that it's no longer extraordinary for them to be in positions of leadership. But that has meant companies are deprioritizing-consciously or not-efforts that helped women get to where they are today. They may assume there's a healthy pipeline of talent based on where we are today. Says Jane Stevenson, global vice chair of board and CEO services at Korn Ferry, an organizational consulting firm:"
Corporate leadership gains for women have stalled, with the Fortune 500 set to have 54 women CEOs, one fewer than before. Women's gains on boards have slowed: Russell 3000 and S&P 500 now have record shares of 30.3% and 34.3% respectively, but the 0.1 percentage-point year-over-year rise in Russell 3000 board representation was the smallest in over a decade. New board appointments for women fell to 22.5% of 448 seats in the third quarter, the lowest in more than ten years. Companies may be deprioritizing intentional efforts to advance women, threatening future declines.
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