Only one in ten board members are women: survey
Indraprastha Gas Ltd raised CNG prices five times last year, the most recent being at the end of December 2011.
Women are still under-represented in top corporate jobs, despite efforts in many countries to promote their participation on boards, according to a new data from Paris-based Organisation of Economically Developed Countries or OECD.
The OECD’s new ‘gender browser’ reveals that women occupied only one in ten board seats in listed companies in OECD countries in 2009, the most recent year for which comparable data are available.
This percentage varies greatly across countries: it is highest in Norway, at close to 40%, as a result of a mandatory quota introduced in 2006. In India, this is 6.9 per cent. India does a bit better than Germany.
In Sweden, France, Slovak Republic and Finland the proportion of women on boards is between 15% and 20%, while in Germany, Japan and the Netherlands, it is less than 5%.
Spain, Iceland, France, the Netherlands, Belgium and Italy have all introduced laws to promote gender equality on boards, setting targets of between 20% and 40%. While there is no conclusive evidence that a company’s performance is boosted by having more women on the board, it is increasingly recognized that greater gender diversity in firms would increase the talent pool for top executives.
