iStock_000004157201XSmall_1_.jpgBy Heather Chapman (New York City)

Living in New York, it’s easy to forget—especially in this economy—that women everywhere are struggling to break through the glass ceiling. As hard as it may be for women here in the United States, it turns out that it is even harder for women in Australia. A recent study, supported by the Australian government, has recently found that Australia is trailing the United States, Great Britain, South Africa and New Zealand in regards to women breaking into the ranks of senior management.

This survey had a number of interesting comparisons, highlighting that while 54.5 percent of Australian ASX (Australian Stock Exchange) 200 companies have at least one woman in an executive position, this compares poorly to the United States, where 85.2 percent of companies have at least one woman in an executive position. In Canada, that figure is 65.6 percent; in Great Britain, it is 60 percent; and in South Africa, 59.3 percent.

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canada.jpgby Sima Matthes (New York City)

On November 25, 2008, The Women’s Executive Network (WXN) announced their picks for the 2008 Most Powerful Women in Canada: Top 100. This list recognizes and celebrates the achievements of women in academia, government and the arts alongside those in corporate leadership. More than a quarter of the women on this year’s list work in banking and financial services. Read more

california_1.jpgby Liz O’Donnell (Boston)

The World Economic Forum 2008 Global Gender Gap Report released last month may show that women are making progress worldwide, but a report closer to home tells a bleaker story, even in one of the most progressive states in the Union. The University of California Davis just released its fourth annual study on women in the 400 largest publicly held companies headquartered in California and it reveals there is only one woman for every nine men at the executive levels of these companies.

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iStock_000004428195XSmall_1_.jpgBy Heather Chapman (New York City)

Although nearly half of all law school graduates in the United States are women, women only make up 15% of the partners at law firms nationwide. To rectify this imbalance, bar associations and professional groups across the country have, in recent years, been implementing initiatives to challenge law firms to reorganize employment goals to allow for the advancement of women. Read more

The Glass Hammer is delighted to partner with Lily Benavides, a 4th-year Doctoral candidate at the University of San Francisco on her research about the executive development of women. Lily is investigating the efficacy of executive coaching on the organizational performance of female executives to determine if this leads to their further promotion.

So please take a moment and reflect on your experience with executive coaching: how has it impacted your organizational performance? What business areas were specifically impacted? What new knowledge was gained? What do you do differently as a result of your experience with executive coaching?

More women are needed in the executive suite. Click on the link now and join in the quest. This is your opportunity to tell your story, a valuable one it is.
Survey closes Saturday, October 4. We will report back to you with the findings!

japan.JPGby Caroline Shannon (Akron, Ohio)

 

Sakie Fukushima had to work her way to the top just like any mover and shaker in the business world. Her multiple degrees, including a Masters from Harvard Graduate School of Education and an MBA from Stanford University, led her to several significant positions, including her role as a consultant at Bain & Company, a major strategic management consulting firm, and her current position as the Office Managing Director of Korn/Ferry International in Tokyo.

 

But Fukushima also had an additional hurdle – she had to overcome the stigma that is often attached to women in the Japanese business world.

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unionjack.JPGBy Erin Abrams (New York City)

New research out this week indicates that the glass ceiling for women’s upward mobility in the corporate world may be thickening, at least for women in the U.K. According to a survey released by the Equality and Human Rights Commission, progress for women is “moving at a snail’s pace,” due in part to inflexible working arrangement and a culture of working long hours.

This study concluded with a bit of depressing news on the women’s equality front. According to this research, at current rates of promotion, it will take women approximately 73 years to reach parity with men in terms of representation on the board of directors of FTSE 100 companies. Even more surprisingly, the comments attached to the blog were mostly hostile towards women seeking promotion in the corporate world, and many suggested that women stick to child rearing instead of pursuing professional advancement. While these attitudes may seem archaic to some, they clearly represent a segment of the population that is dealing with a significant level of backlash against private sector women doing the work/life balance.

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worldinherhands.JPGBy Erin Abrams (New York City)

This week, Forbes magazine released its annual ranking of the 100 Most Powerful Women in the World. There were a few newcomers and surprises this year on the list, along with some women with staying power near the top of the list. Read more

crackedglass.JPGby Jessica Titlebaum (Chicago)

With most Americans away from their desks for Labor Day, celebrating the waning days of summer with barbeques, burgers, and beach outings, we at The Glass Hammer felt the need for a brief respite of our own. It’s in this vein that we veer slightly from our usual realm of coverage to examine how the glass ceiling (or the breaking of it) is faring around the world.

We begin in the States, where there’s been lots of talk of late about the glass ceiling in politics and government. Both Hillary Clinton and John McCain’s VP pick Sarah Palin claim to exemplify the disappearance of the glass ceiling in US politics. That said, America still lags far behind other countries when it comes to women in at the top of government. In the country’s 238 year history, we can now name only two women named as vice presidential candidates; Ms. Clinton’s missed chance at the top of the ticket keeps the number of women nominated for President at an easy to manage, if embarrassing, zero.

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bank.JPGby Elizabeth Harrin (London)

In the United States, women currently make up almost 75 percent of the banking industry’s entire workforce, but hold only 9 percent of chief executive positions. Conventional wisdom is that it is not much better in the United Kingdom. Yet, against this backdrop, an amazing 20% of women reach senior positions at Standard Chartered Bank (SCB), a bank formed in 1969 through a merger of two banks: The Standard Bank of British South Africa and the Chartered Bank of India, Australia and China. The organization, which prides itself on having one of the most diverse workforces in the global financial sector, knows it can do even better. Enter Maram Habash, Group Diversity & Inclusion Manager, who coordinates the effort to support women as emerging leaders.

“The Group Women’s Council was set up to drive the bank’s ‘gender agenda’ supporting our overall Diversity & Inclusion programme,” she says. “The Council’s objective is to help women in Standard Chartered realise their full potential through personal development and supportive workplace practices implemented in an engaging and inclusive workplace.”

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