In the corporate world, Boards of Directors have traditionally had a much higher percentage of male members vs. female members. Research we released this past summer showed that worldwide, more than 17% of Boards still have no female members at all, and only 4.1% are made up of 50% or more women.
This Fall, the European Parliament passed a law to address this gender discrepancy, requiring the inclusion of a minimum of 40 percent women on non-executive European company boards by 2026. According to 2022 research from the European Institute for Gender Equality, just 31.5% of board members at the EU’s largest publicly listed companies are women, well short of the proposed 40% target.
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