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Alternative Market Briefing

Credit Suisse gender report shows improvement in diversity but gaps remain

Wednesday, September 29, 2021

Bailey McCann, Opalesque New York:

Women have taken the brunt of the pandemic in many ways. Data show that more women than men left the workforce during the pandemic. But for those that remained employed there are a few positives. New data from Credit Suisse shows that the number of women on boards and in management positions is slowly but steadily increasing.

The report analyzes the gender breakdown of 33,000 senior executives from over 3,000 companies across 46 countries.

According to the report, between 2015 and 2021, the percentage of women on boards globally increased by 8.9 percentage points and more than doubled if judged back to the start of the decade. Europe and North America led the global average with 34.4% and 28.6% of women on boards. Asia Pacific came in at 17.3% and Latin America at 12.7%.

European countries led globally in the percentage of female directors on the board with France being the leader at 45%. The UK came in at 10th with 35% meeting the prior targets of "The 30% Club" set originally for the FTSE 100 and FTSE 350.

Senior management is also becoming more diverse. The average percentage of women in senior management has improved from 17.6% in our 2019 report to 19.9% in 2021. The number of female CEOs globally has increased by 27% though they still only account for 5.5% of the total. The number of CFOs who are women has increased by 17% and now account for 16% of all CFO positions globally.

Advancements in diversity could be ......................

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