For the First Time, there is a Woman in the Administrative Board of every SMI Company
The Blick article, “For the First Time, there is a Woman in the Administrative Board of every SMI Company,” featured the firm's research. The article is excerpted below.
Women are clearly in the minority in the largest business quoted on the stock exchange. But Switzerland is making progress in this area. In 2019, there is at least one woman in all administrative boards of the 20 companies represented in the SMI leading index.
Overall, 55 of the 206 administrative board members of SMI companies are now female, as evaluated by the personnel consulting firm Russell Reynolds Associates. The share of women has, it is stated, increased from 21 to 27 percent within two years.
On the other hand, the share in other countries such as, for example, Germany is already over 30 percent. There and in other countries, however, companies were obligated by statute to accept more women, as Russell Reynolds wrote in the communication.
In this country, the Legal Committee of the Council of States argued against such a step just last Friday. By 6 to 5 votes, with 1 abstention, it moved to waive gender guidelines in the corporate law revision.
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