Growth in women’s representation on boards and in C-suites at tech companies has increased worldwide in the past 10 years, but there’s still a long way to go, says S&P Global in an article.

 

This article is part of S&P Global’s #ChangePays campaign that explores the benefits of increasing the participation of women in the workforce for the capital markets and world economy. 

 

The research about women in technology brings together experts and data throughout S&P Global's  any businesses – Market Intelligence, Ratings, Indices, 451 Research, and Kensho – to bring insights to the market under the umbrella of the company's recently created Women’s Research Council. 

 

For this report, S&P compares and contrasts its analysis of several datasets, the largest of which is a global set of about 1,280 technology companies for which it examined detailed people data for 2010 to February 2020.

 

Not surprisingly, women now occupy less than one-fifth of spots on the boards of directors at tech companies, and the share is lower for women executives. Both shares are less than for the financial or industrial sectors but about the same as in the energy industry, according to the study "The Changing Face of Energy."

 

The report said it will take decades of change to reach gender parity on boards and generations to attain that throughout companies—unless companies dramatically accelerate their efforts.

 

“There is no single solution to achieving gender parity in technology, which we believe instead involves creating positive environments for all employees at tech companies and cultural shifts in some countries. Regulation has led to more diversity on boards, but not at other levels,” the report said.

 

Gender diversity appears to raise the financial performance of tech companies. The analysis suggests that a move to parity among executives could boost their financial performance (market capitalisation to total assets). -- Tradearabia News Service