A new report released this morning shows that 36 per cent of board-level executives in the top 20 companies listed on the Irish Stock Exchange are women.
The number exceeds the 30 percent target set for the end of 2022 and the 33 percent target set for the end of 2023.
The latest report from the Balance for Better Business Review Group – an independent body set up by the government – also shows that 74 per cent of the top 20 companies on Ireland’s Iseq now have three or more female board members.
Ireland now surpasses the average for the 27 Member States of the European Union for the proportion of women on senior company boards.
It is the first time it has achieved this rank.
Balance for Better Business aims to improve and promote gender balance at board and executive level in Irish companies, which it says will lead to better business and societal outcomes.
The panel is chaired by Julie Sinnamon, former Managing Director of Enterprise Ireland, and Aongus Hegarty.
Ms. Sinnamon holds a number of other senior positions. She is a Director of Cairn Homes and a member of the Investment Committee of Ireland Strategic Investment Fund.
Mr. Hegarty is the President of International Markets at Dell Technologies.
Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar said the latest report was “encouraging”.
“I am particularly pleased to see that Ireland has now not only matched but surpassed the EU average for the representation of women on the boards of the largest listed companies,” he said.
“This is a significant achievement, especially given that it has happened in a relatively short period of time,” added Mr Varadkar.
For public companies outside the top 20, women now make up 26 percent of boards, beating the 22 percent target set for the end of 2022 and up 16 percentage points since 2018.
Ms Sinnamon said the group will continue to help companies tackle gender imbalances.
“By highlighting how proactive talent management and succession planning provide women with solid pathways to success in senior positions, our aim is to encourage the deeper behavioral and cultural shift needed to drive real change in Irish organisations,” she said.
https://www.independent.ie/business/irish/women-now-hold-36pc-of-board-seats-at-top-listed-firms-in-ireland-as-target-exceeded-42159334.html Women now hold 36 per cent of board seats at top listed companies in Ireland as the target has been surpassed