Less than 5% of the European STOXX 600 companies have a female CEO and only 7% of Chairs of Boards are women. There is still a long way to go for European companies to achieve gender-balanced leadership. Women comprise one third (33%) of board members in STOXX Europe 600 companies. Significant progress has been made in increasing the share of women on boards. However, gender diversity at other levels of corporate governance is still a mirage.
Companies that have a woman as CEO, CFO or COO tend to have more women in executive positions. The 99 companies analyzed that have a woman in one of these three positions have 27% of women at the executive level. Even in those companies where the overall share of women is rather balanced, the share of women in executive roles lags behind.
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