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Wednesday, June 12, 2024
CEOWORLD magazine - Latest - Success and Leadership - New Zealand Leading the Way in Female Representation in Leadership Roles

Success and Leadership

New Zealand Leading the Way in Female Representation in Leadership Roles

While global efforts toward achieving gender equality in senior management positions still have a long way to go, New Zealand stands out as a beacon of progress in this regard.

Despite lagging behind the global average in both female participation in leadership roles and their corresponding salaries, New Zealand boasts the strongest female representation on boards, with over 40% of CEOs being women, according to MSCI’s latest report.

The data reveals a stark contrast between New Zealand and other developed countries. For instance, countries like Switzerland, the Netherlands, and Germany have less than 5% female CEOs, with significant gender pay disparities persisting. In Switzerland, female CEOs earn at least four times less than their male counterparts.

While countries like Japan, South Korea, and Hong Kong have less than 5% female CEOs, New Zealand surpasses them not only in representation but also in salary parity, with female CEOs earning significantly more than their male counterparts in certain cases.

Moreover, New Zealand’s success extends beyond CEO positions, with a significant rise in the percentage of women holding board positions, reflecting a broader trend towards greater gender diversity in corporate leadership.

New Zealand’s example serves as a compelling reminder of the importance of fostering an inclusive and equitable work environment, where individuals are judged based on their abilities and contributions rather than their gender.

 

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CEOWORLD magazine - Latest - Success and Leadership - New Zealand Leading the Way in Female Representation in Leadership Roles

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Anna Siampani
Anna Siampani, Lifestyle Editorial Director at the CEOWORLD magazine, working with reporters covering the luxury travel, high-end fashion, hospitality, and lifestyle industries. As lifestyle editorial director, Anna oversees CEOWORLD magazine's daily digital editorial operations, editing and writing features, essays, news, and other content, in addition to editing the magazine's cover stories, astrology pages, and more. You can reach Anna by mail at anna@ceoworld.biz