Woman leaders in Russian Business
Study on Women Leaders in Russian Business by PwC Russia points out that almost half of the companies, incorporating 200 female Russian business leaders, having no gender diversity on their boards. 19% of the represented companies had 2-3 women, and 6% had more than three women represented on their board.
Research indicates that gender diverse boards (boards with 3 or more women or with 33% female representation) lead to many performance and financial benefits. For example Catalyst research suggests that gender diverse boards have better return on equity, better return on sales, better return on invested capital, and better financial results. While Gender Worx research found gender diverse boards add greater decision making value, demonstrate greater evidence of diversity of thought and perspective, and at the same time, greater unity and collegiality. Interestingly 47% of the female leaders represented in this study believe boards should have representation by way of 4-5 women.
The respondents identified the top ten most important skills for career advancement; strong working ability, responsibility, strategic vision and systemic thinking and sociability were identified as the most important for the career advancement of women in business in Russia.
Source: the Gender Agenda