Women occupy only 14% of positions on the boards of leading companies

Women occupy only 13.7% of the total board members of the 1,000 best-selling companies in ArgentinaAnd While men occupy 95% of the positions of president in these companies, that is, only 5% of women.

The data comes from a study conducted with information from 2020 budgets and other public and private sources prepared by the consulting firm KPMG and the magazine. Market. Although an improvement compared to the previous year, it shows a decrease in women’s participation in top business leadership in Argentina.

In 2019, when the base of 1,000 best-selling companies in Argentina was taken over, the proportion of women was 11.71%, while in 2021 it rose slightly to 13.7%.

It should be noted that the study analyzed a total of 6,186 members (regular and alternate) of councils, of whom 5340 were men and only 846 were women.

Taking into account the base of ranking of the 1000 best-selling companies in the country, the first companies whose boards are chaired by women are BBVA, Peugeot Citroen Argentina, official center of the Argentine Republic, Danone and the province of ARTStudy noted. He added that for those who have 40% or more women on their boards, they are Cargill, Telefónica Argentina, Coto, Droguería del Sud, and ICBC.

In 2019, when the base of the 1000 best-selling companies in Argentina was taken over, the proportion of women was 11.71%, while in 2021 it rose slightly to 13.7%

according to Tamara Vinnitsky, Partner responsible for Customers, Markets, Diversity and Inclusion at KPMG Argentina and Co-Chairman of Corporate Directors (WCD) Argentina Branch, this situation in the top management of local companies is worrisome.

“At this rate, the numbers tell us that if we’re aiming for 30% of women on boards, about 120 years should pass. This tells us that we talk a lot about the importance of having women in those places, integrating different viewpoints for decision-making, but less about redoubling efforts to get things done, because at this rate we won’t see real change. ”, Vinnitsky highlighted.

In addition to, Patricia Bomi, director of operations at Globant and a member of the WCD Argentina Chapter, considered that “Not having more women on corporate boards is the tip of the iceberg of a huge and urgent challenge“.

“At this rate, the numbers tell us that if we are aiming for 30% of women on boards, about 120 years should pass” (Vinitzky)

“To accelerate digital transformation, we need more women who are tech-savvy in all areas of our organizations,” he highlighted.

finally, Mariana FranzaChief Operating Officer (COO) at Ualá, said a key factor in promoting social justice is generational change and the growing acceptance of the value of diversity.

“63.1% of the world’s population is under the age of 40. Within 10 years, 70% of the company’s talent will be from these generational groups; And in 20 years, those same generations will be the largest contributor to global GDP. 49% of this population self-recognizes or self-identifies as female‘, highlighted.

He concluded: “These generations value authenticity and diversity as a way of life. They refuse to give up their individuality when they enter the office, convinced that difference is what adds value. They want to work in inclusive companies, because they feel valued and aligned with the culture of these companies.”

Read on: