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Creating Inclusive Pathways to Increase Presence of Women in Senior RolesCreating Inclusive Pathways to Increase Presence of Women in Senior Roles

Three key factors that influence the path to leadership.

13 Min Read
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In the United States, the increasing presence of women in senior professional roles as leaders and business owners is accelerating. According to the National Association of Women Business Owners, 39% of privately held businesses are women-owned.1 While there’s progress to be celebrated, the story is more complex in substantial family-controlled businesses.

In research conducted by the Society of Trust and Estate Practitioners, just 7% of North American family firms surveyed were led by women, and 34% had women on their boards.2 The study also found that the oldest child was the CEO’s successor 45% of the time, concluding that “[s]electing the next CEO based on the male primogeniture logic, despite decreasing in popularity, is still a tren...

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About the Authors

Adrienne M. Penta

Adrienne M. Penta is a senior vice president at Brown Brothers Harriman & Co. in Boston

 

 

Benjamin Persofsky

Executive Director of the BBH Center for Family Business, Brown Brothers Harriman

Benjamin Persofsky is Executive Director of the BBH Center for Family Business, which counsels some of the largest business-owning families in the world on the unique issues that occur at the intersection of owners’ businesses, their families and their wealth. These topics include succession, governance and next generation owner development. He is a frequent speaker at conferences on those topics, as well as on innovative approaches to share redemption, capital allocation and dividend policy. Ben joined the firm in 2010.

Ben is on the executive and finance committees of the Philadelphia School Partnership and chairs its investment committee. He is also a volunteer pilot with Angel Flight East. Ben is a graduate of Lafayette College and attended the University of Oxford as a visiting student concentrating on research in organizational behavior and developmental economics.