Sponsors Play Key Role in Advancing Women to CEO Level

Dec 1 2017

By Kathy Gurchiek, originally posted on SHRM.org (Society for Human Resource Management) on November 29, 2017. 

Women who are chief executive officers typically did not see themselves in that role until a supervisor, mentor or sponsor urged them to seek the position.

That is among the key findings of Women CEOs Speak, a new report from the Korn Ferry Institute based on extensive interviews with 57 current and former female chief executives in the U.S. and psychometric assessments with two-thirds of the study participants.

Korn Ferry conducted the study to learn what qualities drive the women who make up 6.4 percent of U.S. CEOs. It conducted its research from February to July 2017 with 38 current and 19 former CEOs. Among participants, 23 are or were at Fortune 500 companies, 18 are or were at Fortune 1000 companies, and 16 are or were at privately held companies.

The findings point to the importance of sponsors and mentors in preparing women for leadership positions.

See More Posts

War and Peace

War and Peace

by Russell Pearlman, originally published by Korn Ferry in Briefings Magazine In the eyes of John Maynard Keynes, the world in 1914 was an economic marvel. Those fortunate enough to be alive then had access to conveniences, comforts, and amenities surpassing anything...

read more
How to develop an Enterprise Leader mindset

How to develop an Enterprise Leader mindset

Originally published by Korn Ferry in Korn Ferry Insights To face complex challenges and reach lofty goals, executives must use enterprise leadership, interweaving multiple pathways into a cohesive journey. Ready to join the 14% embracing the Enterprise Leader...

read more
Whiplash Leadership

Whiplash Leadership

By Russell Pearlman; originally published in Briefings magazine. For most organizations, it began in mid-March 2020.  Not just the pandemic and the slew of business lockdowns, of course, but the round after round of decision making. The first wave of decisions had...

read more