Corporate Leadership and Women

 While the society has received many other benefits from the corporatization of the business world, the rise of the role of women in the business world is also due to this. This is the reason why today we see that women are not only participating in major decisions of big companies, but with their decisions and advice, these companies are also developing.

Global Gender Gap Report

According to the World Economic Forum's 'Global Gender Gap Report', the gender equality gap has been filled to 68% worldwide, but it may still take another 108 years to complete it. According to the report, the world still has a long way to go when it comes to political and social leadership.

The report covers 149 countries, 17 of which are headed by women and if the average of ministers and advisors is calculated, the number of women ministers at the global level is 18% and their presence in parliament is 24%. Similarly, according to the available data of these countries, only 34% of women are appointed as managers.

In some countries, the situation is even worse, such as Egypt, Yemen, etc., where the number of women managers is less than 7%. There are 29 countries where women work twice as much as men in offices, but are paid less than men. In contrast to these countries, we have the example of a country like Finland, where women have equal rights and protection to men in all respects. Finland's parliament also has a majority of women.

Technology and the Women

If we talk about the field of modern technology, there too women are ahead to prove their capabilities but it will take many years for women to achieve gender equality. A report shows that only 22% of women worldwide are working professionally in the field of artificial intelligence, compared to 78% of men. This rate makes the gender gap 72 percent, which shows a constant trend for the past several years and is unlikely to increase in the future.

According to the report, the gender gap may widen due to economic inclusion and future opportunities in the field of artificial intelligence as the need for very high-level experts in artificial intelligence will continue to grow. Second, artificial intelligence expertise has meant advances in technology commonly used in many fields, with limited involvement of women.

Third, the limited participation of women in the AI ​​talent pool, even in IT-based industries and geographies, means that we are underrepresented by women in this professional field. Missing opportunities to take advantage of intelligence. The field of artificial intelligence is already facing a shortage of real geniuses.

Be it artificial intelligence, fintech, e-commerce and HR, its team will be rich in diversity but no matter the sector, no matter how much it is growing, it is incomplete without talented women. Studies have shown that if there are women in the executive team of any organization, they play an important role in its success. Where women have a role in decision-making, these companies grow faster.

Many scientific studies conducted around the world show that people who belong to different classes and have different temperaments are more creative, careful and hardworking. For example, in 2012, the Credit Suisse Research Institute studied the performance of 2,400 companies that did not have a single female board member from 2005 to 2011. The study found that over a six-year period, companies with at least one female board member performed 26 percent better than companies without women.

This suggests that if companies have more women in leadership positions, the decisions of different minds may be more beneficial for those companies. Women are great contributors to decision-making, hiring and training more women.

In 2016, a survey of 21 thousand 980 firms from 91 countries was conducted, which revealed that there is a small number of women in leadership positions. After analyzing the performance of these companies, the researchers came to the conclusion that better representation of women in corporate leadership positions could have increased the performance and increased profits of these firms.

This was a limited-scope study, which did not specifically identify whether the gains were due to women's different creative minds, skills, and better decision-making, or whether there were other reasons.

Credit To Liaqat Ali Jataoi