Best Buy, Nasdaq on list of best companies for women to advance

Parity.org, a nonprofit dedicated to closing the gender gap at the highest ranks of business leadership, has announced its Best Companies for Women to Advance List 2020.

Included in the ranking are 35 organizations, ranging from S&P 500 companies to small businesses with fewer than 500 employees.

Inclusion was based on companies’ gender equity success in areas including recruitment, benefits, executive preparation and measurement and the representation of women on their staffs.

Major corporations that made the list include Adobe, AmerisourceBergen, Best Buy (led by CEO Corie Barry), the Clorox Company, Nasdaq (headed by President and CEO Adena Friedman), PepsiCo and Ralph Lauren Corporation.

“These companies are examples of commitment and intentionality in leveling the playing field for women and paving the way for them to succeed and advance their careers, making gender parity at the top levels possible,” said Cathrin Stickney, Parity.org founder and CEO. “The efforts they have undertaken are not just worth recognizing, they are worth emulating. We hope that more companies will follow their lead and take similar actions to pave the way for the women in their organization to advance.”

Companies on the 2020 list share several common best practices, the report found, including family-friendly policies like work-from-home or telecommute options (92%), flexible working hours (82%), and equal paid family leave for men and women (73%).

Companies that made the list were also likely to measure and report on gender parity to their executive team (95%) and/or board (68%).

Read the full article here.

Source: BizWomen