Women’s glass ceiling

Ana Botin, Executive Chair of Banco Santander Credit: Banco Santander/Flickr

THE presence of women in the top management of Spanish listed companies remains a rarity.
According to data recently released by the National Securities Market Commission (CNMV), only 14.8 per cent of high-level positions are held by females.
This is far from the target set for 2020 by the Code of Good Governance, which envisions women having 30 per cent of the share.
The 14.8 per cent figure corresponds to 156 women in senior management positions in listed companies.
A gender gap even higher among companies that have a turnover of less than €500 million, with the figure at only 19.9 per cent.
Acerinox, Merlin Properties and Siemens Gamesa all have no female representatives on their boards, while ACS, BBVA, Grifols, Naturgy and Sacyr have less than 10 per cent.
By contrast, Colonial and Red Electrica had the high proportion, at 50 per cent.

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