The already low share of women in Austrian companies listed on the Vienna Stock Exchange is currently decreasing: currently, of the 194 board members in 56 Austrian companies, only 23 are women. The share of women is going from 12.4 to 11.9 percent. More than half of the companies even have an all-male board of directors
In the latest corresponding study by consultancy firm EY at the beginning of this year, 24 of the 202 board members were women, and 59 percent of companies even have only men on their boards.
Only one woman on the board at the top
The only female CEO of a stock exchange company is currently Radka Doehring of Immofinanz. Herta Stockbauer of BKS (Bank for Carinthia and Styria) recently retired.
If there are women on boards, they usually fulfill the role of Chief Financial Officer. The real estate sector has the highest share of female board members at 21.4 percent. There are no women on the boards of the automotive, telecommunications and transport and logistics sectors.
The share of female board members has tripled over the past ten years from 4.1 percent to twelve percent, while the share of female supervisory directors has increased from 17.1 percent to 31.5 percent – thanks to the introduction of the 30 percent gender quota. At least two women are represented on 68 percent of supervisory boards, but no board has more than one.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
