KPMG CEO on closing female leadership gap: Be intentional about creating opportunities, prioritize flexibility

KPMG CEO on closing female leadership gap: Be intentional about creating opportunities, prioritize flexibility

Women remain dramatically underrepresented in corporate leadership roles. In 2022, women held just a quarter of C-suite positions despite accounting for nearly half of the U.S. workforce, according to McKinsey. In an interview with Yahoo Finance’s Seana Smith at the KPMG Women’s Leadership Summit, KPMG U.S. Chair and CEO Paul Knopp discussed closing the leadership gap and the steps companies need to take to prioritize advancing women to the C-suite.

KPMG CEO on closing female leadership gap: Be intentional about creating opportunities, prioritize flexibility
More Americans took out hardship withdrawals from retirement savings last year: Report
Putin issues warning, Carnival stocks falls, Tesla downgrade: Top stories
Investing in a college savings plan: What you need to know
Carnival Cruise shares sink despite better than expected earnings report
Ryan Reynolds investing in F1 team Alpine
How VCs are viewing AI investments right now
Meta launches VR game subscription service 'Meta Quest+'
Taylor Swift's 'Eras' Tour on pace to be highest grossing music tour in history
Tesla & Alphabet downgraded, Carnival shares slide, PacWest stock rises: Trending tickers
UPSIDE Foods' lab-cultivated chicken is the first to receive USDA approval
Russia turmoil: With oil supply safe, investors are shaking off attempted coup, strategist says
Supreme Court case could complicate Dems' efforts to pass a wealth tax

Yahoo Finance Video

Tue, June 27, 2023, 6:19 AM GMT+9

Video Transcript

SEANA SMITH: I'm Seana Smith here at the KPMG Women's Leadership Summit at Baltusrol Golf Club here in Springfield, New Jersey. Now, the event today bringing together the top female leaders across industries, talking about how to get more women into C-suite positions. Well, here with me now, I want to bring in Paul Knopp, KPMG US Chair and CEO. Paul, it's great to see you. Thanks so much for having us here.

PAUL KNOPP: Seana, it's great to be here with you today.

SEANA SMITH: Let's start with what is happening at the summit, because you are bringing together the top female leaders, including Dr. Condoleezza Rice, Allyson Felix, LPGA player Stacey Lewis, talking about how to get more female leaders into those C-suite positions. Give me just a sense of where we stand today, given the fact that you lead over 35,000 people in the US.

PAUL KNOPP: Well, Seana, we have a lot of work to do. Let's start there. You know, this is the reason we do this summit in connection with the KPMG Women's PGA Championship. We need more women in the C-suite. We need more women in leadership positions throughout the business world. And what we do with this summit is we bring 140 leading companies together through their CEOs nominating a rising woman executive. That's on the cusp of entering the C-suite.

And this is a development summit. It's a connection summit. These women are able to listen to inspiring leaders from politics, business, sports, media. And we hope that the connections they make today and what they learn today and the networking they have in the future helps accelerate their advancement and gets them into the C-suite more quickly.