Egon Zehnder conducted a global study of board and senior executive roles at 1,610 public companies. It found that just over one in five board seats were occupied by women, but more than seven in 10 new positions were going to men.
While progress is being made, especially at the board level, Egon Zehnder’s 2018 Global Board Diversity Tracker points out that companies need to go beyond the token appointment of one or two women to their boards before any positive impact is felt.
In new research, Egon Zehnder examined board and senior executive roles at 1,610 public companies worth €7 billion or more in 44 countries. The findings indicate that just over 1/5 of board seats were held by women, a 2% increase over 2016, but more than seven in every 10 new appointments were still going to men.
A new study by Egon Zehnder reports, among countries that average three or more women on large company boards, all but one operate under government-mandated quota systems. This begs the question, should the diversity advocates that have been trying for two decades to sell the corporate world on gender balance in the boardroom be lobbying lawmakers instead?
Gender equality in the boardroom won’t happen if the pace of change continues to slow down. Egon Zehnder’s Simon Stebler, based in Zurich, explains why recent improvements are being threatened as new figures show just 2.7% of CEOs at large firms in Switzerland are women.