The GAIL Report highlights the evidence-backed business case for immediate and sustained progress for professional women
TORONTO, Nov. 19, 2024 /PRNewswire/ – As many companies scale back their inclusion efforts and as near-stagnant advancement of women in leadership positions continues, WXN (the Women’s Executive Network) and its Global Alliance for Inclusive Leadership (GAIL) partners today unveiled The GAIL Report: An Actionable Guide to Advance Women in the Workplace, urging organizations to double down on inclusion.
This extensive report examines the mounting body of research that shows diversity strengthens company performance, profitability and culture, and offers tangible steps to help companies of all sizes implement evidence-based strategies to take advantage of those benefits.
“This is a critical moment of reckoning for companies across North America and the world. Women’s progress is already glacial at best, with parity on boards a decade away and well over a century before gender parity is achieved across the globe. But the longer organizations wait, the longer—and the more—they can suffer,” said Sherri Stevens, Owner and CEO of WXN. “The GAIL Report underscores that, when women rise into leadership roles, they drive broader success for both profit and people.”
The GAIL Report outlines the concerning state of women in the workplace, with data showing that full gender parity may be 95 years away in North America – and 131 years away on a global scale. While women hold just over one-third of board seats in Canada’s biggest companies, racialized women have just 4.1% representation on S&P/TSX Composite company boards, and for Black women, representation is a mere 1.2%. Today, just one in ten Canadian CEOs and one in four executives are women.
This report is both a wake-up call and a resource for companies to make and continue sustainable, meaningful and measurable investments in their inclusion efforts, with key findings highlighting:
With these findings, WXN urges companies to take a sustainable and informed approach to inclusion, using The GAIL Report as a springboard to review policies, practices and programs. This follows their ongoing challenge to organizations across North America to embrace ambitious targets: achieving full gender parity on boards and at least 40% female representation in executive leadership roles by 2030, inclusive of Black women, Indigenous women, women of color, women with disabilities and LGBTQ+ women.
To download your copy of The GAIL Report: An Actionable Guide to Advance Women in the Workplace, visit https://wxnetwork.com/page/The-GAIL-Report.
About WXN
WXN (Women’s Executive Network) is a one-of-a-kind community shaping the future of leadership across North America. We bring together thousands of bold women, allies and corporate members in a rich and diverse ecosystem of professional development, networking, thought leadership, belonging and celebration that propels professional women to rise and lead.
Guided by our Owner and CEO, Sherri Stevens, and WXN’s Global Alliance of Inclusive Leadership (GAIL), we lead North America’s most prestigious events for women in business, create professional development programming, and champion thought leadership for professional women. This includes the Canada’s Most Powerful Women: Top 100™ Awards, the GAIL Conference and Awards, the Bold Convos series, and programs such as Master Coach Xcelerator and the Boldly Forward Leadership Learning Series.
For more information about WXN in Canada, visit https://wxnetwork.com/
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For more information about WXN in the U.S., visit https://wxnetworkusa.com/
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SOURCE WXN (Women’s Executive Network
