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

/ Quick Take

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

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Evi Angelidou

Evi Angelidou Evi Angelidou

Director Member Development and Advisory, Governan…
The Conference Board

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