Women in Europe’s Boardrooms: Progress Amid Policy Pressure
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TCB Benchmarking

A TCB Benchmarking Release

Women in Europe’s Boardrooms: Progress Amid Policy Pressure

12 August 2023 / Quick Take

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Women held 40.6% of board seats across the S&P Europe 350 in 2024, up from 39.4% in 2023, according to analysis from The Conference Board. This steady progress puts many Europe-listed companies on track to meet the EU’s Gender Balance on Boards Directive by the mid-2026 deadline.

Women held 40.6% of board seats across the S&P Europe 350 in 2024, up from 39.4% in 2023, according to analysis from The Conference Board. This steady progress puts many Europe-listed companies on track to meet the EU’s Gender Balance on Boards Directive by the mid-2026 deadline.

Trusted Insights for What’s Ahead®

The record level of women’s board representation reflects sustained efforts to improve diversity. However, in light of increasing legal and political scrutiny of diversity, equity & inclusion (DEI) in some countries, companies may benefit from repositioning board diversity not solely as a DEI initiative but as a strategic governance priority. To maintain progress, they can:

  • Enhance governance and manage risk: Frame board diversity as a governance best practice that enhances risk oversight, stakeholder trust, and decision-making.
  • Make skills-based appointments: Focus on governance, financial, and industry expertise to align board selections with fiduciary responsibilities and navigate emerging challenges.
  • Develop the pipeline: Broaden search criteria, collaborate with industry groups, and invest in leadership

Authors

Anuj Saush

Anuj Saush Anuj Saush

Head, TCB Advisory International
The Conference Board

Read Bio

Evi Angelidou

Evi Angelidou Evi Angelidou

Program Director, Advisory, International
The Conference Board

Read Bio

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