UIG via Getty Images Jeffrey Greenberg/UIG via Getty Images

Making the Business Case for Gender Equality

Gender parity is both an economic and a moral imperative. When development leaders gather in Chile this week, their goal must be to capitalize on the momentum of recent activism by and on behalf of women, and ensure that businesses understand that equality is good for the bottom line.

NEW YORK – Around the world, gender bias is attracting renewed attention. Through protest marches and viral social-media campaigns, women everywhere are demanding an end to sexual harassment, abuse, femicide, and inequality.

But, as successful as the #MeToo and #TimesUp movements have been in raising public awareness, the struggle for parity is far from over. Empowering women and girls is key to achieving all 17 of the United Nations Sustainable Development Goals by 2030. At the moment, however, gender bias remains a significant obstacle to global progress, and it is particularly acute in the workplace.

Today, only 5% of S&P 500 companies are led by women, according to Catalyst, a non-profit CEO watchdog. That dismal figure is all the more remarkable when one considers that 73% of global firms allegedly have equal-opportunity policies in place, according to a survey by the International Labour Organization (ILO). Moreover, while research shows a clear link between a company’s gender balance and its financial health, women occupy fewer than 20% of governing board seats in the world’s largest companies.

We hope you're enjoying Project Syndicate.

To continue reading, subscribe now.

Subscribe

Get unlimited access to PS premium content, including in-depth commentaries, book reviews, exclusive interviews, On Point, the Big Picture, the PS Archive, and our annual year-ahead magazine.

http://prosyn.org/ZpPFPbl;

Handpicked to read next

  1. haass102_ATTAKENAREAFPGettyImages_iranianleaderimagebehindmissiles Atta Kenare/AFP/Getty Images

    Taking on Tehran

    Richard N. Haass

    Forty years after the revolution that ousted the Shah, Iran’s unique political-religious system and government appears strong enough to withstand US pressure and to ride out the country's current economic difficulties. So how should the US minimize the risks to the region posed by the regime?

  2. frankel100_SpencerPlattGettyImages_mansitswithumbrellawallstreet Spencer Platt/Getty Images

    The US Recovery Turns Ten

    Jeffrey Frankel

    The best explanation for the current ten-year US economic expansion – tied for the longest since 1854 – is disappointingly simple: the Great Recession was the worst downturn since the 1930s. And if the dates of American business cycles were determined by the rule that most other countries apply, the current expansion would be far from beating the record.

Cookies and Privacy

We use cookies to improve your experience on our website. To find out more, read our updated cookie policy and privacy policy.