Ibex 35 Advisors Lack Digital Experience and the Female Presence Recommended
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October 28, 2019
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Only about 1 in 15 advisors to Ibex 35 companies have digital experience and only two of the 35 companies had a technological, innovation of cyber commission.
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RRHH Press

The RRHH Press article, "Ibex 35 Advisors Lack Digital Experience and the Female Presence Recommended," cites the Russell Reynolds Associates paper, "IBEX 35 - Corporate Governance Study 2019." The article is excerpted below. 

Russell Reynolds Associates, global consulting firm in the fields of talent and leadership, has prepared a new study which analyzes the governance of IBEX 35 companies. 

The report, which is the first of its kind done in Spain, intends to offer a global vision of the compliance of the recommendations made by the National Stock Market Commission (CNMV, per its Spanish abbreviation) to identify the challenges they still face to incorporate all good practices to the corporate government. 

The report shows that the average age of the advisors is 62 and that female presence has increased approximately 25%, a growth rate which is not enough to reach the 2020 goal of 30%. 

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Digital Experience, The Great Risk 

The Russell Reynolds report also showed that only 30 out of 456 of Ibex 35’s advisors have digital experience, understanding that said experience is based on having directed the definition and launching of a digital business, having developed a digital transformation process for products and businesses, being experienced in cybersecurity or information or having held a Director of Technology or Director of IT position. 

As of the date of Russell Reynolds’ report, only two Ibex 35 companies had, a technological, innovation and cybersecurity commission:  Santander and BBVA. Santander’s technological, innovation and cybersecurity commission consists of 7 advisors, while BBVA’s consists of 6 advisors. 

To read the full article, click here.