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The proportion of women representing the state on the boards of public institutions and private companies in which the state has a stake is supposed to reach 40%.
While this is the objective the government set for itself, it has not yet been achieved, even though the number of women representing the state on administrative boards has increased over the past seven years, according to a statement released by the Ministry of Equality between Women and Men on Tuesday.
As of 30 June 2022, the quota for women had only been reached among state representatives on the boards of public institutions. Only 36% of the other positions are held by women. In the case of state representatives on the boards of private companies, the figure drops to 34%. Further efforts are needed, the Ministry acknowledges.
The State appoints board members to 45 public institutions and 36 private companies.
The Ministry of the Economy has implemented monitoring of the evolution since 2014.
The goal is set at 40%, in other words, the goal is have women represent at least 40% of all members of boards across all companies where the State has a stake, public or private.
Evolution of the share of women on Boards since January 31, 2015
Minister for Equality between Women and Men, Taina Bofferding, explained that “Women's participation in decision-making processes within companies is the central challenge for equality in the world of work"
She praised the efforts of the State to set an example but stressed that the Government's objective can only be met if "social partners follow this example and make additional efforts".
Franz Fayot the ministry of the Economy added "diversity and therefore the presence of more women on boards of directors is beneficial and essential.
He also appealed to all actors concerned to do their part.