Companies with more women managers are more profitable, according to a study – Yahoo Finance Spain

Madrid, Mar 3 (EFE) .- The companies with more women in management positions are more profitable than those with no female presence, according to a report on gender parity in the corporate environment prepared by the Peterson Institute for International Economics and the Center for EY Studies.

the study, conducted in 2014 on 21,980 companies from 91 countries, shows a profitable company with 30% of women in senior management positions may increase its net profit margin to 1 percentage point higher than those of the same characteristics in which no women in senior positions.

the improved result if the overall impact on profitable and non-profitable enterprises is valued, as the report notes that in this case companies could increase six points net profit.

according to the companies surveyed, 60% of companies in the world has no female presence on boards of directors, about 50% have no women in executive positions and less than 5% has as president or CEO of a woman.

for Spain, the report shows that only 14% have women on their boards of directors, 13% have women in executive positions and 3% have a woman acting as a president or CEO.

according to the Spanish Law on Equality women should occupy 40% of seats on boards of directors in accordance with the principle of “balanced presence”, although it is not compulsory but indicative.

at European level, the countries with the highest representation of women on boards are Norway and Iceland, with 40% and 51% respectively.

these are followed by Italy (24%), Finland (23%) and France (19%) compared to quotas set in their legislation 33, 40 and 20% respectively.

by sector, those with the highest percentages of women in executive positions globally are the financial, healthcare, utilities and telecommunications, ranging between 16 and 18% of executives and 12 to 14% in senior management positions.

on the opposite side, the areas of activity that have less female representation are those related to energy (8%), raw materials (10%), industrial services (10%) and technology (12%).

Thus, the study noted that the size of the company and national policies for education in equality and reconciliation are factors that impact positively on women’s leadership, which helps businesses get better results.

It also stresses the importance of legislating an effective, flexible and stable quotas and to establish equitable opportunities for sponsorship and create environments inclusive labor

<-.! google_ad_section_end ->