This question comes up in my conversations more and more often. In this post I will focus only on one single aspect of this question because I think this aspect is somehow missed by most people:
Business does not provide context for proper qualitative differentialtion between men and women; this means that the gender “question” is irrelevant.
If anything, it eliminates qualitative differentiation! In other words: decision making in context of profit does not call for masculine OR feminine qualities! No man or woman is qualified since there is no qualitative factor present. Ironically, the drive for business leadership roles only strengthens the tendency of undifferentiation, all under the aegis of diversity.
The answers to what constitutes virile/masculine or feminine qualities are to be found entirely outside the business domain.
Acknowledging this, and introducing principles (masculine, feminine and others) into the organization thus enabling the emergence of organic hierarchies, where economics are subordinated to its appropriate level, calls for leadership in a higher (than business) sense.
Image source: http://surfeurope.mpora.com/news/top-women-surfers-heading-for-mozambique.html