The business case for women’s advancement has been proven time and time again. Statistical studies show that women deliver positive, quantifiable results in leadership positions.

However, while women currently make up 34% of senior management, they comprise only 3% of Fortune 500 CEOs, according to The Sponsor Effect,
a research report published by the Center for Work-Life Policy (CWLP). The obstacle to senior management, as identified in that study and other recent research, is an absence of proactive support from senior leaders.

This EY report explores the meaning of sponsorship in today’s business environment and the characteristics of those individuals who assume the role
of sponsor. Senior leaders — both male and female — can take concrete steps to minimize gender disparities and help advance women into leadership positions in their organizations.