Discover recent data on female CFOs who have excelled in company results.
Although most CFO positions within companies are still held by men, in recent years we have noticed a significant shift in the participation of women in this role, who are playing a prominent part within companies. While there is still no equal distribution, we can observe a trend of change in quantity, and a very important fact is that significant results have been achieved in the companies that these women manage.
A Chief Financial Officer (CFO) is the professional responsible for overseeing all of a company's financial operations, as well as managing risks. They also have the authority to approve or veto projects according to the company's financial plan.
Understand the role of these women in companies and why they achieved significant prominence by reading below:
Female CFOs bring in $1,8 trillion more than men.
According to a study by S&P Global Market Intelligence, female CFOs generated $1,8 trillion in additional cumulative profit.
Two years after these women joined the companies, there was a 6% increase in profits and stock prices rose 8% compared to the men who preceded them.
Despite the positive data, women still only hold 5% of CEO positions in the largest companies and 25% of board seats.
It is noticeable that even with equal numbers of men and women within an organization, a minority of women hold the CFO position, even if they possess the same technical and intellectual capabilities as the men who occupy the role. Whatever the reason for this difference, it is important to reflect on and question the issue, and to transform the situation in your company in practice, day after day.
This positive data may encourage companies seeking growth and better results to pay closer attention to the issue of gender equality and representation.
The importance of women in leadership positions.
Based on this research and many others on the effectiveness of women in leadership positions, it becomes easier to see how important it is to have women in management roles.
This is because a company with representative diversity in its leadership tends to make increasingly fair decisions with different perspectives.
