Companies with female CEOs are more effective at creating inclusive cultures.
Our recent research this year on diversity and inclusion revealed that companies with female CEOs are doing a better job creating a culture of inclusion. The study also finds greater confidence in organizations’ ability to achieve diversity and inclusion goals if the CEO is a woman.
The majority of companies surveyed (95 percent) report that an inclusive culture is critical to their organizations’ future success, and most (86 percent) say diversity is important for improving their bottom-line profits.
The importance of diversity and inclusion is encouraging some companies to change their approach, said Kip Kelly, UNC Executive Development director of public programs at UNC Kenan-Flagler. “Companies are changing the way they talk about diversity and inclusion, and it seems companies with female CEOs are leading the conversation,” said Kelly.
Over half (53 percent) of the organizations surveyed have changed their diversity and inclusion competencies or developed them for the first time in the past three years. An additional 12 percent say they plan to change them soon. In contrast, diversity and inclusion competencies have been in place longer and are less likely to have changed recently in companies with a female CEO.