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WOMEN BOARD
DIRECTORS OF SPAIN'S 300 TOP COMPANIES
Order Report
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Number of
companies in survey |
300 |
|
Number of
companies with women directors |
72 |
|
Percentage of
companies with women directors |
24.0% |
|
Total Number
of board seats held by direct members (non-institutional directors) |
2,486 |
|
Percentage of
board directors who are women |
4.6% |
 Only
24% of these 300 companies have women in their board of directors. These
corporations produce a wide range of products and services, many of which rely
on women consumers. Among the ten largest companies within this list,
there is not one single woman in their boards of director (Repsol YPF,
Telefonica, Endesa, Telefonica Internacional, Compana Espanolade Petroles, El
Corte Ingles, Altadis, REnault Espana, Iberdrola Carrefour).
Given
these low numbers, only five women hold more than one board seat in Spain's 300
top companies:
-Monica Beckman de
Mallo Petey (Gestevision, Telecinco and Publiespana)
-Isabel de Polanco Moreno (Grupo Prisa and Timon, S.A.)
-Ma. Jesus FErnandez Anton (Caja Madrid Vida and Mapfre Vida)
-Ma. Jose Hidalgo Gutierrez (Air Europa Lineas Aereas, Globalia Corporacion
Empresarial and Viajes Halcon)
-Francisca Martin Tabernero (Mapfre Vida y Mapfre Mutualidad de Seguros)
The
top 10 companies with the most number of women directors are all privately owned
and are in the second or bottom tier of the top 300 companies in Spain (with the
exception of Mercadona). For the majority of these companies (eight out of
ten), the women directors are family members.
A
look at the industry distribution of the companies that have women
directors shows plastics (28.6%) and pharmaceuticals (17.7%) companies with the
largest representation. Beverage companies (11.1%) are also well
represented. Beverage companies (11.1%) are also well represented,
followed by companies that produce milk products, home electronics and provide
hotels and tourist activities. Coincidentally, women consumers are the
major market for all these products. What is equally interesting is the
listing of industries where women board directors are totally absent:
automobiles, cement, electronics, engineering, finance, glass, information
technology, iron and steel and metals and minerals. One significant point
is perfume and detergent companies, which sell primarily to women but do not
invite them to their boards.
Comparing
with other developed economies, Spain ranks last, but one with 4.6% of women in
the boards of directors. Japan (2%) occupies the last position. UK
(5%), South Africa (5.8%), Canada (9.1%), Australia (10.7%) and the U.S. (12.4%)
go before Spain in the list.
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