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Research shows that in most countries there are significant challenges for women business owners in comparison to men business owners. [4] These challenges stem from many sources, including social and cultural stigmas, family and child-rearing responsibilities, maternity needs, educational background, career experience, and community support. [5]
Women also hold 21.9% of board seats of the companies on the OMX Copenhagen 20 index in Denmark. [33] In France and Germany, women hold 29.7% and 18.5% of board seats of companies on the CAC 40 index and the DAX index respectively. [33] In the United Kingdom, among the companies in the FTSE 100 index, women hold 22.8% of board seats. [33]
Another monumental moment for women in business was the appointment of Susan Engeleiter as head of the US government's Small Business Administration in 1989. In the late 1980s and throughout the 1990s, there was more of a focus on networking opportunities in the world of female entrepreneurs.
The Women's Business Ownership Act of 1988 was an act of the United States Congress introduced by John LaFalce aimed at aiding the success of women business entrepreneurs. [1] [2] It provides a basis for policies, programs, and public/private sector initiatives supporting women's business endeavors. [3]
Corporate support for women in business is also on the rise, with grants made available to help women in business. [42] [43] Affirmative action has been credited with "bringing a generation of women into business ownership" in the United States, following the 1988 Women's Business Ownership Act and subsequent measures. [44]
Another challenge is the difference in the amount of money women make versus men. The Center for American Progress found that in 2021, women who worked full-time typically earned over $9,000 less ...
A look into the challenges of career advancement for professional women with children and the "unfinished business" of the women's movement. [5] Drawing on her own experiences as a mother and State Department official, [6] Slaughter argues for the importance of valuing care: the work to nurture our friends, family and loved ones. [7]
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