Central Chamber of Commerce a recent review of women executives shows that the proportion of women on the boards of listed companies began to decline. The share decreased by one percentage point from 30% to 29%.
The proportion of women has grown steadily throughout the 21st century and reached a record level last year.
Women have the best representation on the boards of large listed companies, where their share is 32 percent. In medium-sized listed companies, the proportion of women rose slightly to 31 per cent, and in small listed companies the proportion fell to 24 per cent.
Only 25 companies have a completely equal gender distribution. The number of companies decreased from last year, when there were 31. The survey classified the gender distribution of their company board as equal if the proportion of women is 40–60 per cent.
“Although according to a survey we conducted in March, Finnish companies are still at the top of the EU and EEA countries, work to promote equality in economic decision-making must continue,” says the Central Chamber of Commerce’s leading expert on corporate and securities market law Ville Kajala.
The review also examined women’s holdings in Board committees and shareholder nomination committees.
“The distribution seems to reflect the fact that female board members more often than men have a background in management positions in support functions, such as financial, human resources or legal management,” says Kajala.
Strikingly under-represented women are on the institutions preparing for the appointment of governments. Women make up 19 per cent of the members of the Board’s Nomination Committees and only 14 per cent of the members of the Shareholders’ Nomination Committees.
There were 128 companies in the review.
Source: Arvopaperi by www.arvopaperi.fi.
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