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Achieving gender equality on corporate boardrooms Brussels 14 May 2019
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Achieving gender equality on corporate boardrooms · Achieving gender equality on corporate boardrooms Brussels 14 May 2019. EIGE’s Gender Statistics Database ... Thematic areas

May 23, 2020

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Page 1: Achieving gender equality on corporate boardrooms · Achieving gender equality on corporate boardrooms Brussels 14 May 2019. EIGE’s Gender Statistics Database ... Thematic areas

Achieving gender equality on corporate boardrooms

Brussels 14 May 2019

Page 2: Achieving gender equality on corporate boardrooms · Achieving gender equality on corporate boardrooms Brussels 14 May 2019. EIGE’s Gender Statistics Database ... Thematic areas

EIGE’s Gender Statistics Database

is a one-stop source for gender statistics

and information on various aspects of (in)equality between

women and men

National data

Page 3: Achieving gender equality on corporate boardrooms · Achieving gender equality on corporate boardrooms Brussels 14 May 2019. EIGE’s Gender Statistics Database ... Thematic areas

| EU policies and strategies

| Thematic areas

| Gender Equality Index

| Beijing Platform for Action

|

Women and men in decision making

| Gender-based violence

EIGE’s Gender Statistics Database

Data cover main gender-related topics

You can browse the database using six predefined entry points or search function.

Page 4: Achieving gender equality on corporate boardrooms · Achieving gender equality on corporate boardrooms Brussels 14 May 2019. EIGE’s Gender Statistics Database ... Thematic areas

The purpose

OVERVIEWProvide a broad overview of statistics on gender.

1

MONITORMonitor whether equality is being achieved.

2

INFORMProvide information to support policy making process.

3

Page 5: Achieving gender equality on corporate boardrooms · Achieving gender equality on corporate boardrooms Brussels 14 May 2019. EIGE’s Gender Statistics Database ... Thematic areas

EIGE is now the primary source of data on decision-making in the EU

2003 2004 2005 2006 2007 2008

200920102011201220132014

2015 2016 20182017

Page 6: Achieving gender equality on corporate boardrooms · Achieving gender equality on corporate boardrooms Brussels 14 May 2019. EIGE’s Gender Statistics Database ... Thematic areas

Women in decision-making

National parliaments

National administrators

Judges of supreme courts

Board members of largest listed companies

National social partners: employer organisations

Environment and climate change

Public broadcasters

National academies of science

National sports federations

31.3%

36.8%

41.5%

26.7%

16.4%

24.0%

35.8%

21.6%

17.8%

Page 7: Achieving gender equality on corporate boardrooms · Achieving gender equality on corporate boardrooms Brussels 14 May 2019. EIGE’s Gender Statistics Database ... Thematic areas

How often are data on women and men in decision-making updated?

AnnuallyMost data

QuarterlyData on national

and European politics

BiannuallyData on large

companies

Page 8: Achieving gender equality on corporate boardrooms · Achieving gender equality on corporate boardrooms Brussels 14 May 2019. EIGE’s Gender Statistics Database ... Thematic areas

Largest listed companies

Positions covered

Board members:• President: Chairperson• Board members: All members of the highest decision-making

body

Executives and non-executives:• Executives: Senior executives in the two highest decision-

making bodies in a company. • Non-executives: Non-executive members of the two highest

decision-making bodies in a company, also including employee representatives

• CEOs: Chief Executive Officer or equivalent position.

Gender Statistics Database / Women and men in decision-making / Business and finance / Business

Page 9: Achieving gender equality on corporate boardrooms · Achieving gender equality on corporate boardrooms Brussels 14 May 2019. EIGE’s Gender Statistics Database ... Thematic areas

How many women and men are in corporate boardrooms?

Women account for just over a quarter of board members in the EU Member States – 27.7%

Only Member State above 40% women at board level

Source: EIGE’s Gender Statistics Database (April/2019)

FR

IT; SE; FI; BE; DE

At least a third of board members are women

MT; EE; LT Less than 10% of board members are women

Page 10: Achieving gender equality on corporate boardrooms · Achieving gender equality on corporate boardrooms Brussels 14 May 2019. EIGE’s Gender Statistics Database ... Thematic areas

Another 9 years to achieve gender balance in boardrooms

8.5%

11.9%

22.7%

27.7%

5%

10%

15%

20%

25%

30%

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Slow progressbetween 2003-2010(0.5 pp/yr)

Accelerated progressbetween 2010-2015(2.2 pp/yr)

Significant slowdown in progress since 2015(1.4 pp/yr)

2010-2015 trend

Source: EIGE’s Gender Statistics Database (2019)

Page 11: Achieving gender equality on corporate boardrooms · Achieving gender equality on corporate boardrooms Brussels 14 May 2019. EIGE’s Gender Statistics Database ... Thematic areas

Women on company boards

Share of women on the boards of large companies across the EU has more than doubled since October 2010

11.9%

27.7%

2010

2019

Source: EIGE’s Gender Statistics Database (2019)

Page 12: Achieving gender equality on corporate boardrooms · Achieving gender equality on corporate boardrooms Brussels 14 May 2019. EIGE’s Gender Statistics Database ... Thematic areas

What could bring change?

Out of the six EU Member States that have introduced legislative gender quotas, four fulfilled the respective targets in boardrooms.

Legislativeaction

BE IT PT DE AT FR

Page 13: Achieving gender equality on corporate boardrooms · Achieving gender equality on corporate boardrooms Brussels 14 May 2019. EIGE’s Gender Statistics Database ... Thematic areas

What could bring change?

Source: EIGE’s Gender Statistics Database (April/2019)

Legislative gender quota targets: FR (40%), BE, IT & PT (33%), DE & AT (30%)

Page 14: Achieving gender equality on corporate boardrooms · Achieving gender equality on corporate boardrooms Brussels 14 May 2019. EIGE’s Gender Statistics Database ... Thematic areas

Legislative and other government action drives progress

Source: European Institute for Gender Equality, Gender Statistics Database (April/2019)

+15.8 pp

+26 pp

+13.3 pp

+2.…

EU

-28

Qu

ota

So

ftM

ea

sure

s

No

act

ion

Page 15: Achieving gender equality on corporate boardrooms · Achieving gender equality on corporate boardrooms Brussels 14 May 2019. EIGE’s Gender Statistics Database ... Thematic areas

Data show that

• The differences between action and inaction is striking.

• Countries that have contributed the most have achieved their legislative targets (FR, IT, DE).

• Change required in Member States with no-action.

Page 16: Achieving gender equality on corporate boardrooms · Achieving gender equality on corporate boardrooms Brussels 14 May 2019. EIGE’s Gender Statistics Database ... Thematic areas

Fewer women executives than non-executives

17.5% Member State senior executives are women

30.3%Share of women in non-executives in the EU

Sources: EIGE’s Gender Statistics Database, April/2019

Page 17: Achieving gender equality on corporate boardrooms · Achieving gender equality on corporate boardrooms Brussels 14 May 2019. EIGE’s Gender Statistics Database ... Thematic areas

What’s holding us back?

Source: EIGE’s Gender Statistics Database, April/2019

Page 18: Achieving gender equality on corporate boardrooms · Achieving gender equality on corporate boardrooms Brussels 14 May 2019. EIGE’s Gender Statistics Database ... Thematic areas

Less than a quarter of companies meet the Commission’s 40% target

Source: EIGE’s Gender Statistics Database, April/2019

Page 19: Achieving gender equality on corporate boardrooms · Achieving gender equality on corporate boardrooms Brussels 14 May 2019. EIGE’s Gender Statistics Database ... Thematic areas

Less than 1 in 10 companies has a female chair or CEO

7.0% Of CEOs are women

Source: EIGE’s Gender Statistics Database, April/2019

7.2% Women occupying board chair

Page 20: Achieving gender equality on corporate boardrooms · Achieving gender equality on corporate boardrooms Brussels 14 May 2019. EIGE’s Gender Statistics Database ... Thematic areas

EIGE’s research shows

Gender equality has strong, positive impacts on Gross Domestic Product (GDP)per capita which grow over time.

Source: EIGE, Economic Benefits of Gender Equality in the EU

Page 21: Achieving gender equality on corporate boardrooms · Achieving gender equality on corporate boardrooms Brussels 14 May 2019. EIGE’s Gender Statistics Database ... Thematic areas

World-wide research

Companies with higher representation of women at the most senior levels deliver better organizational and financial performance and achieve higher returns.

Source: Citywire Alpha Female 2018

Page 22: Achieving gender equality on corporate boardrooms · Achieving gender equality on corporate boardrooms Brussels 14 May 2019. EIGE’s Gender Statistics Database ... Thematic areas

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