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Gender Equality

# Industry Themes

Gender Equality

In 2007, when women held 11 percent of seats on the executive committees of Europe’s leading companies, McKinsey published its first Women Matter report. It not only argued for greater gender diversity in corporate management but also suggested how to achieve that goal.

Since then, we have vastly extended the scope of our research, publishing more than 20 reports that have shaped the debate on gender equality in the workplace around the world. But there remains an uncomfortable truth. While progress has occurred in the intervening years, it remains too slow. In 2017, on average, women accounted for 17 percent of corporate-board members and 12 percent of executive-committee members in the top 50 listed G-20 companies (Exhibit 1). Even more worrying, perhaps, is that many people are content with the status quo. According to our Women in the Workplace 2017 study, conducted with LeanIn.Org and one of the largest of its kind, almost 50 percent of men think that it is sufficient when just one in ten senior leaders in their company is a woman. One-third of women agree.

In 2017, representation of women on corporate boards and executive committees is still far from parity, although it varies widely by country.

Despite this slow progress, our understanding of the challenge has forged ahead. Of the lessons learned, at the top of the list must surely be how hard the problem is to crack. To help concentrate efforts and encourage the many companies striving to make progress on diversity, this article summarizes what our decade of research has taught us about the case for change, the barriers that prevent it, and the solutions required for achieving it.

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