Women continue to be severely underrepresented in top corporate leadership positions and at current rates of progress it will take 40 years for women to reach parity with men, a new report has suggested.
The study by U.S-based non-profit research body Catalyst looked at women executives in the Fortune 500 and found that most U.S companies had made scant progress in advancing women, especially women of colour, to leadership and top-paying positions over the past decade.
If this rate of progress continued, it could take 40 years for women to achieve parity with men in corporate officer positions, it concluded.
In the past three years, average growth in the percentage of corporate officer positions held by women fell dramatically to 0.23 percentage points per year, the lowest yearly gain in the past ten years.
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