Balance for Better Business have set actionable and progressive targets for companies listed on Euronext and for private companies in Ireland to encourage them to address the gender balance issue on their boards and leadership teams as a matter of priority.
We are pleased to note that progress has been achieved since the initiative was launched. The overall percentage of women on Irish publicly listed boards has increased in the last year from 14% in early 2018 to 19% by 1 September 2019 and two of the ISEQ 20 companies appointed women to their boards for the first time.
This progress has narrowed the gap between Ireland and other EU member states but Ireland still lags at 17th position out of 28. The momentum needs to accelerate and to be sustained for balance to be achieved.
Women on Corporate Boards
The targets are realistic but will involve a stretch for some companies. They have been carefully calibrated to achieve the momentum that is now needed for change. In order for companies to achieve or exceed the overall targets set, it is important that care is taken to ensure an appropriate percentage of female representation among new board appointments.
We believe that setting targets is an important part of achieving change in most aspects of business, creating focus and milestones to inform action plans.
We have set the following targets for the percentage of women on the boards and leadership teams of companies traded on the Euronext Dublin markets. To ensure momentum is maintained, we have also set interim yearly targets that represent milestones between 2020 and 2023.
By End of 2020
By End of 2021
By End of 2022
Other listed companies
We have set the following targets for the percentage of women on the boards and leadership teams of private companies in Ireland. To ensure momentum is maintained, we have also set interim yearly targets that represent milestones between 2020 and 2023.