Women remain minority in governing bodies of Polish listed companies
22:56
Women remain a minority in the governing bodies of 140 Polish listed companies, according to the CFA Society Poland report presented on Monday. The largest companies from the WIG20 index, in which women constitute 18 percent of authorities fared best in this respect. The worst (12 percent) – companies from sWIG80.
According to the authors of the report, even a relatively low level of gender diversity in the company's governing bodies (below the recommended 30 percent threshold) translates into a higher level of net profit margin and lower risk, calculated as the standard deviation of the daily change in share prices. In the CFA Society Poland analysis, the companies included in the WIG20, mWIG40, and sWIG80 indices were taken into account.
"Over the past decade, the largest companies from the Warsaw Stock Exchange (WIG20) recorded the most dynamic increase in gender diversity in the management structures of the analyzed indices, almost doubling the result from 9.7 percent to 18.1 percent. Among the remaining analyzed companies, i.e. medium-sized (mWIG40 ) and the smallest (sWIG80), the growth dynamics were similar, although both groups started from different levels," the report reads.
As reported, in the case of companies with mWIG40, the share of women in the authorities increased from 11.3 percent to 14.3 percent, and for companies included in the sWIG80 from 9.2 percent up to 11.7 percent
At the same time, the authors of the report pointed out that the larger the company, the greater the number of people included in its governing bodies. "The management of WIG20 companies throughout the audited period was more numerous than the management of mWIG40 and sWIG80 companies. On average, there were 14.7 people on the management boards of WIG20 companies at the end of 2019, compared to 11.7 people for mWIG40 and 9.1 people for sWIG80.
(PAP)
