Gender Diversity on European Boards - Realizing Europe‘s Potential: Progress and Challenges
The study focuses on a key segment of the European economy: the 600 largest European-listed companies, which together comprise the STOXX Europe 600 Index. This elite group of large European corporations includes many of our continent’s most recognisable business names. These are the enterprises that should be leading the way in the implementation of the Europe 2020 strategy of smart, sustainable and inclusive growth.
The findings paint a mixed picture. On the one hand, unprecedented numbers of women have been appointed to non-executive or supervisory board positions during the last few years – often driven by the imposition or threat of board quotas. However, much more needs to be done in order to widen and deepen the role of women in corporate leadership. There are still insufficient numbers of women serving in Chair, CEO and executive director positions, and as Chairs of the major board committees. And when they do get to the top, women are paid less – often reflecting the smaller size of their enterprises in comparison with their male counterparts.
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