October 28, 2020

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Almost all AEX companies meet the quota for women, with the exception of ABN Amro

Almost all AEX companies meet the quota for women, with the exception of ABN Amro

Listed companies have appointed a relatively large number of women to the Supervisory Board this year. Thirty-five of the 67 appointments concerned a woman, according to Eumedion, a group representing large investors.

Almost all AEX funds meet the legal minimum that will come this year. It requires companies to be women on 30% of the supervisory board.

Only ABN Amro, largely state-owned, is still covered. The proportion of women on the Supervisory Board is 29%. At payhandler Adyen, 25 percent of its members are currently women, but the company has promised investors to appoint another woman this year.

Quota

The number of female commissioners has also increased in the mid-caps, which are usually smaller listed companies, but 8 out of 25 companies do not meet the quota. These companies include the fitness chain Basic-Fit, the eyewear retailer GrandVision and the oil service provider SBM Offshore.

The investor association Eumedion had previously sent a letter to all listed companies asking them to appoint more women. In addition, work is being carried out on a statutory quota, which is due to enter into force in 2021. If a supervisory board has less than 30% of women and a job is vacant, it should not be filled by a man.

Under this legislation, companies that are not listed on the stock exchange must draw up a plan to ensure a diverse level of governance.

It has already been reported that companies are increasingly appointing a woman as CEO. According to the Talent to the Top Foundation, last year was the biggest increase in the last decade, although the proportion of women on boards is still below 30%.