More executive women are optimistic about their future paths to the C-suite, according to KPMG. KPMG U.S. CEO Paul Knopp joins Wealth! to discuss the company's Women's Leadership Summit and the importance of elevating women in the workplace.

"The KPMG Women's Leadership Summit was part of the original vision 10 years ago when we started sponsoring the KPMG women's PGA Championship, and the idea was not only to elevate women in the game of golf, but also to elevate women in business, to elevate more women to the C-suite," Knopp explains.

He adds that supporting women in the workplace is "an imperative in today's world," especially when more women are attending college than men. He notes that the representation of women in the workplace — especially in the C-suite — is crucial, and that "highly-effective succession planning" is one way to get more women into higher leadership positions.

"While women aren't underrepresented in society overall in the US, they are certainly still underrepresented in business. And so what we have to do is continue to focus on some of the things I talked about earlier, which is sponsorship of women in business, making sure that we have accountability of leaders to make sure more women are in leadership positions and in the pipeline for the C-suite in the future. All those things are critically important," Knopp adds.

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This post was written by Melanie Riehl