Full-time Employees: Female Managers (OI1571) is required for Joint Impact Indicator: Number of Women in Senior Management.
JII definition: Number of full-time equivalent (FTE) female employees in senior management roles working for the client company or project at the end of the reporting period. Senior management is generally a team of individuals at the highest level of organizational management (usually executive level positions) who have the day-to-day responsibilities of managing a company or corporation. They are often referred to as the “C-suite” and include positions such as Chief Executive Officer – CEO; Chief Financial Officer – CFO; Chief Marketing Officer – CMO; Chief Operations Officer – COO; Chief Information Officer – CIO; Chief Legal Counsel – CLC, etc. Within different corporations, they can also sometimes be referred to as executive management, top management, or upper management.
JII guidance: This metric is intended to capture female representation in Senior Management. Practitioners will need to collect "Total Number of Senior Managers" to get a percentage. Female Senior Managers may also hold ownership stakes or Board or Investment Committee positions in the organization. As such, Practitioners should avoid double-counting women who fill multiple roles within an organization by not aggregating HIPSO's "Number of Women in Senior Management" with "Number of Women on the Board", "Number of Investment Committee members who are female", or "Female Direct Jobs Supported (Operations and Maintenance)". Practitioners may also refer to sector-specific gender leadership benchmarks and application guidance as needed, such as those specified by the 2X Challenge (www.2xchallenge.org).
JII applicability: All client companies, where relevant. Practitioners may use the metric for investment fund investees, where relevant, but typically not used for clients of other intermediated finance (e.g. commercial banks).