The National Association of Female Executives (NAFE) just released its annual list of the Top 50 Companies for Executive Women, which it says “recognizes American corporations that have moved women into top executive positions and created a culture that identifies, promotes and nurtures successful women.”
NAFE, a division of Working Mother Media, says there are certain criteria a company must meet in order to be considered for its annual list: It must have at least two women on its board of directors; have a minimum of 1,000 employees and; it must be a public or private for-profit company (NAFE also has a separate, Top 10 list for not-for-profits).
The group also excludes divisions of companies involved in the business of providing work/life services, consulting or government agencies.
NAFE points out that 28% of executive officers on its Top 50 list are women, up from 25% last year and 22% in 2012. The top 50 Companies for Executive Women continue to increase the numbers of women in their top ranks, and have made positive program and policy changes as well. Below are statistics published by NAFE:
Also among the companies on the list is General Motors, which recently named its first female CEO – although there has been some controversy over how much she is being paid compared to her male predecessor. When Mary Barra was tapped as the first female chief executive officer of General Motors, the appointment was hailed as an achievement for women’s equality in the executive suite. But according to reports from The Washington Post and elsewhere, Barra will be paid less than half what her predecessor Dan Akerson earned. Even more startling, according to the newspaper, is the fact that Akerson will earn more in his new advisory role with GM than Barra will reap as the company’s top executive. General Motors will pay Barra $4.4 million in salary and other compensation, according to a regulatory filing. Akerson earned $9.1 million in 2012, which included $1.7 million in salary and stock awards of $7.3 million.
Empowering the next generation of women leaders is less about structure and more about culture. That’s the message of The Committee of 200 (C200), a Chicago-based invitation only organization of the world’s most successful women entrepreneurs and corporate leaders. Several point to the culture and flexible nature of Deloitte’s effort to develop woman leaders.
Deloitte LLP, the accounting and consultancy, recently figured among the top private companies that are best for leadership development, a ranking Chief Executive publishes every January based on research conducted in partnership with Chally Worldwide. At Deloitte, every employee meets with his or her supervisor twice every year to determine to what extent he or she will adjust such factors as schedule, workload, location and business travel—adjustments that may or may not result in change in pay. About 10 percent of Deloitte employees choose to “dial up” or “dial down” at any given time. Deloitte has 4,500 partners/principals/directors. Currently 1,100 are women, up from 100 in 1993.
A component of Deloitte’s Mass Career Customization (MCC) program, which began as a way to keep talented women in its ranks, the Dial-up, Dial-down program has become very popular with all employees. It turns out that men also seek flexibility and it takes real modeling from the CEO on down to make such programs work. It’s natural for people in organizations to ask people who are perceived to be on dial-down if they are committed and be counted on for the long haul. CEOs must ensure that employees who avail themselves of such flexibility can get their careers back on track.
Here are NAFE’s top 10 companies as ranked by the percentage of each company’s senior managers and corporate executives who are women:
| Company | Percent of Female Senior Managers | Percent of Female Corporate Executives |
| AstraZeneca | 40% | 27% |
| Ernst & Young LLP | 45 | 33 |
| General Mills | 39 | 37 |
| Grant Thornton | 34 | 20 |
| IBM | 26 | 22 |
| KPMG | 37 | 18 |
| Marriott International | 40 | 34 |
| Proctor & Gamble | 34 | 31 |
| State Farm | 40 | 34 |
| Verizon Communications | 31 | 29 |
Read: https://www.wmmsurveys.com/NAFE_ExecutiveSummary_2014.pdf
Read: https://www.cbsnews.com/news/for-many-companies-a-womans-place-is-in-the-corporate-suite/
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
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2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
