"I am happy to report that female representation in senior management positions continues to inch up at the NAFE Top Companies"
CHICAGO, IL --Grant Thornton LLP has been named one of the 2016 “NAFE Top Companies for Executive Women
” by the National Association for Female Executives, which recognizes American corporations that have moved women into top executive positions and created a culture that fosters the careers of talented women.
“Grant Thornton’s consistent ranking on this list reflects our commitment to building a healthy, high-performance culture where all our employees, including our female executives, can achieve professional success,” said Erica O’Malley, national managing partner of Employee Benefit Plans and People Experience. “Along with new policies such as Flex Time Off, this important recognition highlights Grant Thornton’s continued commitment to supporting women in business and is a true testament to the work that our firm has done to enhance our culture of trust and empowerment.”
“I am happy to report that female representation in senior management positions continues to inch up at the NAFE Top Companies,” says Dr. Betty Spence, NAFE President. “Though progress of women into senior positions has slowed nationally, the 2016 NAFE Top Companies are leading the way in moving women in power positions where they have the influence to innovate and boost profits.”
Highlights of the 2016 NAFE Top 60 Companies are:
More than half (52 percent) of the companies on the 2016 NAFE Top 60 have at least four women on their boards of directors. An average of 28 percent of board of director members are women, compared with 19 percent at S & P Companies;
The number of NAFE Top 60 Companies led by women CEOs has dropped two percentage points since last year to 8 percent, but still outpaces Fortune 500 companies with 5 percent;
Every NAFE Top Company CEO requires a women’s advancement executive to report to him/her on women’s advancement metrics, and 92 percent of them review senior-level succession plans for gender equity;
Women at the NAFE Top Companies last year received 44 percent of promotions to the manager level and above. The largest proportion of promotions going to women is at the manager level; however, men still receive the majority of promotions at all levels.
Subha V. Barry, vice president and general manager, Working Mother Media, says, “The NAFE Top Companies are where women are increasingly making the decisions that affect their company’s future and its bottom line. They are setting standards for advancing women into positions to lead businesses, set policy and take profit-and-loss responsibility.”
The full list
of this year’s winners is posted on workingmother.com
and on nafe.com
About the Methodology
The 2016 NAFE Top Companies application includes some 200 questions on female representation at all levels, especially the corporate officer and profit-and-loss ranks. The vetting process includes tracking access and usage of programs and policies that promote the advancement of women as well as the training and accountability of managers in relation to the number of women who advance. In order to be eligible for the NAFE Top Companies survey, entrants must have a minimum of 1,000 employees, two women on the Board of Directors and be a public or private company. NAFE also separately names the Top 10 companies in the nonprofit sector.
About Grant Thornton LLP
Founded in Chicago in 1924, Grant Thornton LLP
(Grant Thornton) is the U.S. member firm of Grant Thornton International Ltd, one of the world’s leading organizations of independent audit, tax and advisory firms. In the United States, Grant Thornton has revenue in excess of $1.4 billion and operates 58 offices with more than 500 partners and 6,400 employees. Grant Thornton works with a broad range of dynamic publicly and privately held companies, government agencies, financial institutions, and civic and religious organizations.
“Grant Thornton” refers to Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. Services are delivered by the member firms. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions. Please see grantthornton.com for further details.
The National Association for Female Executives (NAFE), founded in 1972, serves 20,000 members nationwide with networking, tools and solutions to strengthen and grow their careers and businesses. Working Mother
magazine publishes the annual NAFE Top Companies list. NAFE.com
provides up-to-date information, community for women in business and access to member benefits. NAFE is a division of Working Mother Media, owned by the Bonnier Corporation.
Grant Thornton LLP
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