Mid-level snags stall women's C-suit climb

Women’s representation in C-suite roles grew to over a quarter in the past five years. However, this persists to be a needle in a haystack progress with 90% of women under 30 years old are aspiring to level-up.

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“One piece of good news that we found in our most recent report is that, if you compare 2023 versus 2018, C-suite women leaders have increased to 28% from 23%. So, that’s 5% within five years. I mean, there’s still room for improvement, but I find it quite telling that people are making that diversity a top agenda item,” Violet Chung, partner at McKinsey & Co., told Insurance Asia magazine.

“And I want to caveat, which is important, we’re not just saying that we want more women. What’s important is that it makes a business case,” Chung added.