The latest Fortune 500 list is out, and although much has changed, one thing remains the same: the rate of companies with women CEOs hasn’t budged. 

Just 10.4% of Fortune 500 companies are led by women, the same number as last year. When it comes to companies led by Black women, that number shrinks to less than half a percent. 

“Let’s just call it what it is: The pace of change is so glacially slow,” Jennifer McCollum , CEO of the workplace gender equity organization Catalyst, told my colleague Emma Hinchliffe . 

That stagnancy doesn’t mean women leaders who made the list this year are identical to the year before. Six companies that were on the list in 2023 hired women CEOs, including Joanna Geraghty at JetBlue, Heidi Petz at Sherwin-Williams, and Ariane Gorin at Expedia. And some companies with women CEOs climbed back onto the list once more after previously falling off, including Linda Rendle at Clorox and Heather Lavallee at Voya Financial. 

But eight companies led by women fell off the list this year, while others like American Electric Power and Commercial Metals switched to male leadership. 

Unfortunately, the stubbornly low number of women CEOs echoes other concerning trends among women leaders. The average tenure for women CEOs last year was 4.5 years, compared to 7.2 years for men, my colleague Lila MacLellan previously reported . That gender gap, which has existed for years, has narrowed only slightly over the past decade.

How can the business world start improving these stark statistics once more? Think about the pipeline of qualified women candidates at more junior levels, support women when they get to more senior roles, and focus on “gender allyship,” according to McCollum. 

"I'm discouraged overall," she says. “But I am holding on tightly to the bright spots where we are seeing change."

Leadership Tip of the Week 💡

Confidence is great, but narcissism? Not so much. My colleague Lila MacLellan writes that chief executives are nearly three times more likely than the general population to have narcissistic traits, but there are all kinds of ways that they damage companies, from high turnover rates to mayhem in the C-suite.

Leadership Next

When David Risher became CEO of Lyft in 2023, he realized the ridesharing company had a speed problem. At the time, it took Lyft cars on average four extra minutes to arrive compared to wait times for cars from Uber, its main competitor. A year later, thanks to onboarding many more drivers onto the Lyft platform, the difference is down to 10 seconds. 

On this episode of #LeadershipNext, Risher chats about innovation in ridesharing and Lyft's customer-centric focus, including new features designed to make women drivers and passengers feel safer when they use the platform. For Risher, transparency isn't just a buzzword: His work email is readily publicized and drivers often reach out directly with feedback. He also makes a habit of driving Lyft cars every six weeks, an opportunity to hear from customers directly as well. 

Listen to the episode and subscribe to Leadership Next wherever you listen to podcasts, or read the full transcript here.

Those are our biggest leadership stories of the week.

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-Azure Gilman , Fortune’s Deputy Leadership Editor