Women leaders are still a minority in the business world. During the past three decades, women have achieved parity with men in both number of employees in the workforce and positions in top management. Women hold only 14.2 percent of the top five leadership positions at the Fortune 500 companies, and the number of female CEOs at these companies is 20 (4 percent). To further complicate these statistics, research in the past decade identifies an individual’s emotional intelligence as a key aspect and driver of leadership effectiveness. Emotional intelligence assessments have found women and men to be equally as intelligent emotionally, but they are strong in different areas or attributes that are considered gender-specific. This paper attempts to find out how organizations should consider emotional intelligence development as an initiative for female executives and potential leaders.