Are Women Climbing the CG Corporate Ladder?

2/20/2012
Procter & Gamble, Johnson & Johnson, General Mills and more consumer goods leaders have been named to the 2012 "Top 50 Companies for Executive Women" by the National Association for Female Executives (NAFE) .

The list, which appears in Working Mother magazine's March 2012 issue, highlights organizations whose policies and practices encourage the advancement of women's careers. Results are based on factors such as succession planning, profit-and-loss roles, gender pay parity, support programs and work-life balance.

The NAFE Top 10 Companies (in alpha order)
Bank of America
Cisco
General Mills
IBM
Johnson & Johnson
KPMG
The New York Times Companu
Procter & Gamble
Prudential Financial
State Farm Insurance

Other notable consumer goods and retail companies to make the top 50 list include: Colgate-Palmolive, Kraft Foods and Walmart. Click here to access the full list.

Yet despite the strides being made toward workplace equality, supported by lists such as this, other studies indicate that women are not making no great gains when it comes to climbing the corporate ladder. 

For example, the "2011 Catalyst Census: Fortune 500 Women Executive Officers and Top Earners" examines women’s representation in corporate governance at the largest companies in the United States. This annual report provides critical statistics to gauge women’s advancement into leadership and highlights the gender diversity gap. 

In 2011, women held 14.1 percent of executive officer positions at Fortune 500 companies, compared to 14.4 percent the year before. Women held only 7.5 percent of executive officer top-earner positions in 2011, while men accounted for 92.5 percent of top earners. Less than one in five companies had 25 percent or more women executive officers and more than one-quarter had none.

Some findings from the NAFE survey support these notions as well. It found that female CEO representation is down in 2012. Recent turnover lowered the number of female CEOs at the NAFE Top 50 Companies, which now numbers five total, or 10 percent. What's more, more than half (53 percent) the employees at the NAFE Top Companies are women, but they still make up less than a quarter of the corporate executives.

Click here to access NAFE's 2012 "Top 50 Companies for Executive Women".

Click here to access 2011 Catalyst Census: Fortune 500 Women Executive Officers and Top Earners.
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