Views of female next gen family business leaders
Total turnover of companies these women represent
of these women are at board level compared to 55% of men
1 in 5
Women don't believe they have the same chance of succeeding as men
37 > 24
More women recognize the threat of digital disruption than their male counterparts
We’re marking International Women’s Day with a special women’s cut of our upcoming survey of the Next Generation of family business leaders.
The gender gap in all forms of businesses continues to make the headlines, whether that’s a gap in pay, a gap in participation, or a gap in the numbers of women on boards.
PwC’s latest Women in Work Index for 2016 states a woman still earns only $83 for every $100 earned by a man doing the same job. Also, female representation on boards is still low with figures ranging from 40% in Scandinavian countries, to 22% in the UK, 16% in the US to as low as 2% in Japan.
And all this is despite the fact that study after study has proved that companies with female leadership actually outperform those run by men.
So where do family firms fit in? What’s the representation of women in these businesses, and how do the female next gen feel about the prospect of leadership? The good news here is that 30% of the women we interviewed have a seat on the board, which is noticeably higher than the global average for public companies, albeit still significantly lower than the 55% of male next gen in the same positions. Likewise, over half the women we spoke to disagreed that their gender would be a barrier to them running the family business, compared to other types of companies, and nearly the same number said that their firm recognises the value of having women in key positions.
Caroline Lubbers, a third generation currently working in the family business, demonstrates how creating and joining networks that focus on empowering women is, and has always been, the best way to achieve real, positive change.
Caroline started her career outside the family business, choosing to get experience abroad in a different sector, before returning to hospitality, her family’s sector by working for Hilton in Italy. She then took a role as a marketing manager in her family firm, the Hotel Theatre Figi, in the Dutch city of Zeist, where she now has a role on the family board, as well as a social enterprise of her own.
Network Middle Market Leader
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