Women in C-Suits: Issues and Challenges

Abstract

The available literature suggests that, Women on executive positions prove to be more profitable, more socially responsible and get higher customer experiences. The Companies Act 2013, aligned with this objective and to remove gender disparity on Board of Companies, mandate women executives and other cotemporary mechanism has been developed to elevate the women position in C-Suites. Despites of all the efforts, the women on Senior positions are having tough battle to hold such executive positions. The available literatures, provide the challenges faced by women and provide necessary suggestions to overcome such hurdles. It requires change in Traditional set up of hiring for executive post, and be more resilient towards Women Centric approach for C-Suite hiring. 

Keywords: Women, C-Suite, Executive Position, Hiring.

References

• Bailey, S. (2022). Striving for Success: The Career Trajectory of African American Women in Fortune 500 Companies (Doctoral dissertation, The Chicago School of Professional Psychology).

• Eagly, A. H., & Carli, L. L. (2018). Women and the labyrinth of leadership. In Contemporary issues in leadership (pp. 147-162). Routledge.

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Reports

• Government of India. (2013). The Companies Act, 2013. Ministry of Corporate Affairs.

• Deloitte. (2023). Women in the boardroom: A global perspective. Retrieved from www.deloitte.com

• Grant Thornton. (2022). Women in Business 2022 Report. Retrieved from www.grantthornton.com

• McKinsey & Company. (2023). Women in the Workplace Report. Retrieved from www.mckinsey.com

Articles

• https://indianexpress.com/article/business/women-female-board-seats-in-india-increases-ceo-cfo-9202938/

• https://hbr.org/2021/04/research-adding-women-to-the-c-suite-changes-how-companies-think?utm_source=Boardspan+Director%27s+Domain&utm_campaign=340c57e11c-NL15APR2021&utm_medium=email&utm_term=0_49ca8e04af-340c57e11c-453488263

• https://www.india-briefing.com/news/understanding-the-mandate-for-women-directors-under-indias-company-law-30226.html/#:~:text=The%20Companies%20Act%20of%202013,to%20its%20Board%20of%20Directors.

• https://www.linkedin.com/pulse/women-indias-corporate-governance-what-does-current-data-binani-4pm1c

• https://corpgov.law.harvard.edu/2023/02/22/gender-diversity-in-the-c-suite/

• Too many women excel at their jobs but are ignored for top roles

• A Decade After ‘Lean In,’ Progress for Women Isn’t Trickling Down - WSJ

• Glass cliff - Wikipedia

• Is the Big Tech Boys Club Failing Women?

• https://hbr.org/2021/04/research-adding-women-to-the-c-suite-changes-how-companies-think

• https://www.mckinsey.com/featured-insights/diversity-and-inclusion/women-in-the-workplace

• https://corpgov.law.harvard.edu/2024/10/18/gender-diversity-in-the-c-suite-womens-representation-in-the-2024-sp-100/

• https://www.russellreynolds.com/en/insights/articles/gender-diversity-in-the-c-suite-women-representation-in-the-2024-sp-100

• https://journals.aom.org/doi/epub/10.5465/amj.2013.0319

• https://www.business-standard.com/industry/news/women-c-suite-roles-india-work-life-balance-gender-bias-attrition-rate-125012700124_1.html