SWEDEN - AP2 has called on Swedish publicly listed companies to up their recruitment of women to top management positions after recent statistics revealed the number has remained almost static since 2002.
AP2’s index of female representation on the boards and executive committees of Swedish exchange-listed companies has showed the rate at which women are being recruited to boards has declined and the number of women on the executive management committees of the same companies is also falling.
Since 2002, the fund said female representation on the boards of publicly listed companies has more than doubled, from 6.1% to 15.9%. During the same period, there has been a marginal increase in the number of women on executive management committees, from 11.1% to 11.6%.
“That the number of women in top corporate management has remained almost static since 2002 is cause for serious concern,” said Lars Idermark, CEO of AP2. “It indicates that the recruiting base for board members with experience of corporate management is not expanding. As a long-term asset manager, it is important to us that the companies in which we invest employ all their resources in the best possible way, not least when it comes to women with sought-after skills.”
He added: “The better the recruitment base, the better the boards and management. These in turn create better companies, which generate enhanced shareholder value.”
AP2 has measured developments with respect to female representation on boards of directors and corporate management since 2002.
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