The glass ceiling has not yet shattered for women in the boardroom
ceiling in the corporate world is not broken, but it is starting to crack. Women are getting on to corporate boards at greater speed, and in greater numbers.
Britain has seen a clear advance; a campaign there called the 30% club has managed to increase the share of female directors of100 companies from 12.5% in 2010 to 30.6%. But as the world marks International Women’s Day on March 8th, it is clear that the glass ceiling has not shattered.Academy of Management Journal
In any case, a rise in the number of female directors is a narrow measure of female economic success. Having women at the top of organisations may inspire others to emulate them, and board members may be able push through more female-friendly policies lower down in their organisations. But the vast majority of women would never expect to become directors. What they value is an opportunity to get a well-paid job and to be free from discrimination while doing it.
The result is that poorly paid women have few resources to fall back on. In addition, social programmes are much less generous in developing economies than they are in the rich world, absorbing 17.7% ofin Europe and 10.7% in America, but only 9.7% in Latin America and just 1.4% in South-East Asia. Without the cushion of a benefit system, working women in the developing world probably must endure more bullying and harassment at work, for fear of losing their jobs.
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