In just three years, the participation of shareholders in the annual general meetings of the companies listed on Spain's stock exchange, the Ibex-35, has decreased by more than 7 percent. Just two-thirds of shareholders were present or represented in 2012, compared with three-quarters in 2009. At the same time, there has been a notable increase in the presence of women on the boards of these companies. The number of female board members has more than doubled since 2008, now representing more than 13 percent of board members, bringing them in line with the average for listed companies in Europe. These are two key findings of the 8th Report on General Shareholders' Meetings of IBEX-35 Companies, produced annually by the Good Governance and Company Ownership Forum, a body promoted by IESE's International Research Center on Organizations (IRCO) and Inforpress. The study was conducted in partnership with the Spanish Association of Economic Journalists (APIE) and the Spanish Broadcasters Association.
See full Article: IESE Insight Female Board Representation Up, But Not Enough
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