October 26, 2021

Taylor Daily Press

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In Europe, the boardroom has more equality than in the United States

In Europe, the boardroom has more equality than in the United States

In Europe, women are significantly more numerous in corporate boardrooms than in the United States. Based on an analysis of companies listed on the Stokes Europe 600 and US S&P 500, according to a study by Bloomberg News.

Bloomberg suggests that allocations may have played a key role in this difference.

Progress

In August of this year at Stokes Europe 600, researchers found that an average of 37 percent of seats in boardrooms were occupied by women. At USS & P500, that share fell to 30 percent.

“Despite some progress over the years, the numbers clearly show that full gender equality is currently an unattainable goal,” Bloomberg said.

According to the European Institute for Gender Equality, countries that impose allocations to their organizations can generally do better Gender equality in board rooms Than their American counterparts.

“Although efforts to introduce public quotas in all EU member states have so far stalled, some major countries in the region, including France, Germany and Italy In terms of equality Own needs. “

High pressure

Researchers note that there is still a big difference in pay between men and women. A report by Eurostat Two years ago, women in the EU earned an average of 14.1 percent less than their male counterparts. In Germany and France, the difference was even greater.

“The pressure for equality is increasing as consumers and investors focus more on the issue,” Bloomberg acknowledges. “At the same time, strict regulations mean that companies’ claims about sustainability are better monitored.”

“Through its standard financial outflow regulation, Europe has the most ambitious regulation in the world to monitor investments in a consistent policy, forcing asset managers to prove their sustainability and equity demands.

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Bloomberg cites a range of major European companies The number of women in their boardrooms Has recently increased. “However, overall progress has been slow,” the news agency noted. “European companies have an average of 11 directors, four of which are run by women.”

(jvdh)