Gender pay gap needs to rise up the agenda of investors
According to OECD data, at the end of 2020 this figure stood at 45 per cent in France and 36 per cent in Germany, while in Spain, Portugal and Luxembourg, the share of seats held by women on the boards of the largest companies was still below 30 per cent. This shows an important discrepancy in corporate practices across the EU. Fortunately, Ursula von der Leyen, president of the European Commission, has recently stated that she is “increasingly optimistic” that a European directive on women’s representation in boardrooms will be settled this year. The proposed directive sets a target of 40 per cent of non-executive directors in listed companies to be women.