Out of 500 S&P 500 companies what’s a reasonable percentage to be led by a female CEO? 50%, 45%, 33 1/3%? Currently there are only 25 female CEOs of S&P 500 companies–a paltry 5%. Certainly, there are more than 25 female executives throughout the U.S. qualified to lead S&P 500 companies.
Given women’s tremendous accomplishments around the world from being rulers of the economic juggernaut of Europe (Germany), the financial center of the world (Britain) and the world’s second most populated country (India), so many forget that in 2019 female executives in the U.S. face strong institutional barriers to fair executive compensation and the toughest of glass ceilings.
It was only just last week when the last S&P 500 company without at least one woman on its Board of Directors (Copart) relented and placed a female on its Board.
Executive compensation attorneys are well aware of the challenges faced by women in the workplace. Commentators can say what they want, but evaluating the statistics in the “cold light of day” provides irrefutable proof that women’s struggle for equality in the workplace, and especially the Boardroom, is far from over. Employment laws are still a critical tool that women need to obtain executive compensation on par with their male counterparts.
Such gender discrimination and pay equality laws protect women’s rights and assist them in obtaining fair executive compensation because companies who violate these laws are at risk for expensive lawsuits, paying substantial monetary damages and suffering significant reputational injury. Hopefully, these employment laws will soon lead to an even playing field for female executives throughout the U.S.Paragraph
If you need executive compensation attorneys, contact Rogge Dunn Group. Our seasoned attorneys have the expertise, the enthusiasm, and the business-oriented approach required to win cases and ensure fair compensation for female executives.