"Manbassadors" Initiative: Men Helping Women in Business

The Economists' glass-ceiling index study from 2016 revealed that although women have made progress in business, there is still a long way to go toward achieving gender equality in the industry. Less than half of the survey respondents believed women made better managers than men, for example.

Business schools are indisputably still a man's world, but the progress made by small women's groups will now have the additional support from male allies — better known as "manbassadors."

Ten business schools, including London Business School, NYU Stern, Wharton, and the Fuqua School of Business, have joined forces to help form the Men As Allies initiative, which will work with women's groups at top business schools across the globe to help address issues that hinder women's progression.

"The initiative helps bring to light the issue of disparity between the sexes," says Elissa Sangster, executive director of the Forte Foundation.

The initiative provides public guidance for men who want to address the industry's gender imbalance, but do not know how best to get involved.

"The hope is that adding more voices to the call for balance will create a positive ripple effect, both in management schools and in business," Sangster said.

NEXT: This Woman Will Become First Woman to Lead Bloomberg Businessweek Since 1929 »

Related Stories:
Going Off Script with Jamila Wignot, Director of MAKERS: Women in Business
Robin Ely: Harvard Business School's Manbassadors

Photo Credit: Getty Images