Published in the New York Law Journal
By Ioana Good
March is a month dedicated to celebrating women’s achievements, but the commitment to highlighting women’s contributions should extend throughout the year. The McKinsey & Company Women in the Workplace 2024 10th Anniversary Report shows that organizations with gender-diverse leadership tend to achieve stronger financial performance, higher profitability, and more significant innovation. This is primarily due to the varied perspectives that diverse executive teams bring, leading to improved decision-making and more effective problem-solving. It also shows that companies with more women in senior roles foster inclusive work environments that enhance employee engagement, satisfaction, and retention, ultimately contributing to a more dynamic and successful organization. With the political pressures of terminating DEI programs and watching major companies like Meta, Amazon, Walmart, and McDonald’s scale back their DEI efforts, some firms feel they must shy away from highlighting women’s progress and the ongoing pursuit of gender equality.
To read more, click here (subscriber-based).