The proportion of women on the executive boards of the largest listed Swiss companies rose significantly over the last year. This puts the country in sixth place in a European ranking.
This content was published on
2 minutes
Keystone-SDA/jdp
Português
pt
Mulheres nos conselhos executivos suíços saltam para 24%
Women now represent 24% of positions on the executive boards of the 20 largest companies in the Swiss Market Index (SMI). This is up from 19% in 2021, according to an analysis published on Tuesday by human resources consultant Russell Reynolds Associates. This is the largest increase of any European country over the past twelve months.
Switzerland surpassed Germany and Denmark, putting it in sixth place in a ranking of European countries. The United Kingdom took the top spot with 29% of board positions held by women, followed by Norway, Sweden, Finland and France.
According to the study, companies from the financial sector in particular lead the way in terms of the proportion of women. At UBS, Switzerland’s largest bank, women hold 42% of board seats. This is followed by Partners Group, Credit Suisse and Zurich Insurance Group.
The proportion of women on the executive boards of smaller companies is significantly lower. Among the largest mid-cap companies listed on the Swiss stock market, women hold only 14.7% of seats, an increase of 0.8 percentage points from 2021.
In 2019, the Swiss parliament voted in favour of requiring companies to set aside 30% of positions for women on the boards of directors and 20% on executive boards over the next five and ten years, respectively. The reporting requirement on executive boards starts in 2031.
The study also finds that the management boards of Switzerland’s top companies are also becoming more international. Foreigners now account for 73% of executive board positions in the 20 largest companies in the SMI and 55% of the largest mid-cap companies. By comparison, the proportion of foreign managers in the 40 largest companies in the German Stock Index is only 37.5%.
Popular Stories
More
Science
Switzerland now has a Professor of Gender Medicine. She’s here to stay.
What do you think Switzerland’s Alain Berset can bring to the Council of Europe?
The former interior minister is to become the first Swiss Secretary General of the Council of Europe – which issues should his five-year term focus on?
Swiss air traffic control upgrade slows tempo for safety reasons
This content was published on
The upgrade of Switzerland’s air traffic control system will take longer than anticipated following a series of malfunctions.
Switzerland remains ‘world’s most innovative country’
This content was published on
Switzerland remains the world's most innovative country, still ahead of Sweden and the US on the WIPO Global Innovation Index.
This content was published on
The percentage of women on executive boards of Switzerland’s largest 100 employers has – for the first time – reached 10%, a report has found.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.