When women have a highly-regarded female CEO as a role model, they are more likely to stay at their companies and more motivated to strive to rise to the top themselves.
According to The Female CEO Reputation study, female executives are significantly more likely than male executives to say that their CEOs’ reputations influence them to stay at their companies. Women who do aspire to be CEOs are more likely than their male counterparts to be Millennials and this may be because Millennials are less likely than other females to have hit glass ceilings or to have faced gender discrimination, if only because of the brevity of their experience in the workforce.
The analysis shows that the reputational “premium” for female CEOs is a heightened responsibility to inspire future generations to rise to the highest corporate ranks. Female CEOs have a positive impact on breaking the glass ceiling and inspiring the next generation of women executives to do the same.