The presence of women in listed companies of the Spanish continuous market increased a 3.9% during 2018, adding 268 executives, representing 20.3% of the 1,320 existing members on boards of directors. This increase still leaves women very far from Jobs with executive functions and places the market as a whole far from complying with the recommendation of the CNMV’s code of good governance of 30% by 2020.
This how the report, “Women in board of directors of listed companies”, prepared by ATREVIA and IESE Business School was presented this morning at Miguel Angel de Madrid hotel by the president and CEO of ATREVIA Spain, Asun Soriano, as well as by Nuria Chinchilla, professor at IESE. Keeping up with previous versions, the report includes an II X-ray of the full continuous market, and the VII report of women in the IBEX 35, which covers 129 companies. It concludes that the market is in need of 392 executives in order to reach parity, 119.5 at IBEX and 272.5 in the rest of the listed companies.
Furthermore, the study also shines a light at 15 companies that do not have any female executives on their board of directors, worth mentioning that all of the IBEX 35 have at least one, and 35 that only have one female executive. This means that in 2018 a 38.8% of all companies of the continuous market had less than two women in positions of management.
Another interesting fact and very conclusive, is that the progress of women in numbers at listed companies doesn’t translate to an increase in executive functions, in fact, only 3.8%, one point less than last year, have the title of women directors or women in management, a 4,63% at IBEX.