Three Ibex companies do not have any women in their senior management positions

Three Ibex companies do not have any women in their senior management positions

Just one in four large quoted complies with the 30% of female advisors recommended

  Only one in four Ibex 35 companies complies with the Good Governance Code, which - effective since 2015 - recommends that in 2020 the boards of directors of large companies have at least 30% of women , as is clear from the report published this Thursday by the National Securities Market Commission (CNMV) with data from 2017. Thus, despite the fact that there is barely a year to expire the deadline to advance in the consolidation of women in the labor market, only nine companies exceed this percentage: Siemens Gamesa (50%), Abertis (40%), Santander (35.71%), Iberdrola (35.71%), Merlin (33.33%), Red Eléctrica Corporación (33.33) %), Grifols (30.77%), Bankinter (30%) and Day (30%).

  But it is even more worrisome that three of the 35 listed companies do not have any women in senior management (this being understood as those positions that depend directly on the board or the company's chief executive and, in any case, the internal auditor ). This is Siemens Gamesa, the leading company in the sector of renewable energies that is precisely in the lead in the percentage of women on its board of directors (50%); the real estate company Merlin, which in turn has a third of female directors; and Acerinox, one of the world's largest steel manufacturers, which in this case also does not comply with the norm and barely has a female presence of 26% on its board.

On the contrary, only two of the 35 companies achieve gender parity in the top management: they are Colonial and Red Eléctrica, which have 50% women in the command posts. After them, Bankinter has 37% of female directives and only Repsol, Aena, Sabadell and Amadeus easily surpass 20%. It is striking, therefore, that the vast majority of large companies (specifically 21) are below 20% of executives. In fact, the average of directives in the Ibex 35 is only 14.3%, a percentage that increases five tenths to 14.8% if all listed companies are included. There is a lower female presence in companies with less than 500 million capitalization, with 12.9% of female executives on average, while in those of more than 500 million it rises to 16.9%.

The two women most sought after

This gender gap due to the size of the companies is also reflected in the number of female directors. Thus, while they barely reach 15.6% in those with less than 500 million, they amount to 18.4% in those with more than 500 million and in the Ibex they reach 23% on average. And it is that in the last year the presence of women in the boards of directors of large listed companies has increased 2.3 points, going from 16.6% in 2016 to 18.9% in 2017, a rate that is clearly insufficient for Achieve 30% female presence in 2020.

In addition, it should be noted that the gender gap increases if one takes into account that of the 35 Ibex companies only three have a woman as executive director: Ana Botín, of Santander; Dolores Dancausa, by Bankinter; and Cristina Ruiz, from Indra .

At the same time, it is striking that of the 103 companies that are listed on the Stock Exchange, two women managers are more frequent than men: the fashion firm Adolfo Domínguez, with 55.56% of women in their positions of command, and the Europac paper mill, where 66% of women in top management are exceeded.