The National Association for Female Executives (NAFE) has named the 2016 “Top 60 Companies for Executive Women” in the US—and three Westchester companies have made the list: IBM, which ranks among the top 10 firms, MasterCard, and the March of Dimes Foundation. The list, according to NAFE, recognizes American corporations that have moved women into top executive positions and created a culture that fosters the careers of talented women.
The 60 companies that lead the nation in identifying and promoting successful women are featured in the February/March issue of Working Mother and on workingmother.com.
“I am happy to report that female representation in senior management positions continues to inch up at the NAFE Top Companies,” says Dr. Betty Spence, NAFE President. “Though progress of women into senior positions has slowed nationally, the 2016 NAFE Top Companies are leading the way in moving women in power positions where they have the influence to innovate and boost profits.”
The Top 10 Companies for 2016 are: Abbott, Ernst & Young LLP, Fleishman Hillard, IBM, Johnson & Johnson, KPMG, L’Oreal USA, Marriott International, MassMutual Financial Group, Procter & Gamble.
Highlights of the 2016 NAFE Top 60 Companies are:
* More than half (52%) of the companies on the 2016 NAFE Top 60 have at least four women on their boards of directors. An average of 28% of board of director members are women, compared with 19% at S & P Companies.
* The number of NAFE Top 60 Companies led by women CEOs has dropped two percentage points since last year to 8%, but still outpaces Fortune 500 companies with 5%.
* Every NAFE Top Company CEO requires a women’s advancement executive to report to him/her on women’s advancement metrics, and 92% of them review senior-level succession plans for gender equity.
* Women at the NAFE Top Companies last year received 44% of promotions to the manager level and above. The largest proportion of promotions going to women is at the manager level; however, men still receive the majority of promotions at all levels.