The Toughest of Glass Ceilings
Take it from an executive compensation attorney – women’s struggle for fairness in the workplace is not yet behind them. Especially for female c-level executives. Out of 500 S&P 500 companies, what is a reasonable percentage of those with 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.
Until recently, not all S&P 500 companies had at least one woman on its Board of Directors. In July of 2019, the last S&P 500 company without a woman on its Board of Directors (Copart) relented. They placed a female on the Board.
Employment Laws Are Critical For Women’s Rights
Any executive compensation attorney should be 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. Companies who violate these laws are at risk for expensive lawsuits, paying substantial monetary damages and suffering significant injury to their reputation. Hopefully, these employment laws will soon lead to an even playing field for female executives throughout the U.S.
An Executive Compensation Attorney Can Help
If you need an executive compensation attorney, contact Rogge Dunn Group. Our seasoned executive contract lawyers have the expertise, the enthusiasm, and the business-oriented approach required to win cases and ensure fair compensation for female executives.