link.png Slowly but surely: measures to reduce gender inequality do work← Back


Image source - Pixabay
 
It’s certainly not a new topic, but the importance of hiring increasing women to reduce the gender gap in boardrooms is most definitely an important one.
Catalyst, a non-profit organization promoting women in business has published 2014 Catalyst Census: Women Board Directors, a census that shows the representation of women on boards of stock market index groups. The data divides the findings according to three crucial regions in the world (USA and Canada, Europe as well as Asia- Pacific).

The census was created in collaboration with the Data Morphosis Group and reveals that a number of European countries are leading the way with up to 35.5% representation of women (Norway) on boards, as opposed to 19.2% in the US.
Norway, Finland, Sweden and France have the highest number of women on boards in Europe’s Stock Index companies, with the UK ranking sixth with 22.8% women. Meanwhile Austria, Ireland and Portugal – the latter with only 7.9% women - rate the lowest in terms of gender equality. Globally speaking, Japan hires the least women in this market with only 3.1% representation. The figures mirror the fact that achieving better gender equality is gradually becoming an important part of some countries’ agendas, particularly in Northern Europe.


 
Deborah Gillis, President and CEO of Catalyst comments that “We have evidence and optimism that closing the gender gap on corporate boards is possible, yet the current numbers are simply not good enough.” Initiatives such as the 2020 campaign are gradually having an impact, as firms work towards achieving targets but there’s a lot of work yet to be done when it comes to encouraging companies to hire more women. The figures in Catalyst’s census are proof that it is possible to sort out inequality in the workplace, both in stock market index groups as well as in other areas - all it takes is a bit of effort and good will.