IBM best company for female on their boards of directors20:42, 11 February, 2013
YEREVAN, FEBRUARY 11, ARMENPRESS: The National Association for Female Executives (NAFE), a division of Working Mother Media, this week released its annual list of the top 50 companies for executive women. While only 4% of America’s major corporations currently have female CEOs, this list spotlights the businesses that lead the nation in their commitment to female leadership, reports Armenpress referring to NAFE.
“This year we see measurable progress for women at companies that have made their advancement a priority,” says Betty Spence, president of NAFE. “For women, these are the top companies to work for.”
To be considered, companies needed a minimum of two women on their boards of directors and at least 1000 employees in the U.S. They were chosen based on female representation at all levels, employees’ access to and usage of programs and policies that promote the advancement of women, and the training and accountability of managers in relation to the number of women who advance in the company.
Among the top 10 companies for women’s advancement, IBM stands out. In 2011, 30-year IBM veteran Virginia Rometty was tapped as CEO, becoming the first woman to head the century-old tech giant and one of a tiny percentage of women leading major U.S. companies. Additionally, 27% of IBM’s senior managers and 23% of its corporate executives are women, and according to NAFE, more than 12,000 women are currently in the executive pipeline.
Health-care Company Abbott also ranked in the top 10, thanks to a concerted effort to advance more qualified women. In the last decade, the numbers of women in executive management roles at Abbott increased by a whopping 77%. Moreover, NAFE discovered that women represent 42% of the executives in profit-and-loss positions and comprise one third of its board of directors, which is significantly higher than the national average.
Other top-10 NAFE notables include General Mills, where 96% of female employees surveyed say they would recommend the food-manufacturing company as a good place to work; consumer products company Procter & Gamble, which offers flexible scheduling, mentoring programs, and job training taught by its CEO and other top executives; and financial services corporation Prudential Financial, where women represent the majority of employees studying for the firm’s on-site MBA degree.