Increase in female representation at senior level but progress remains slow

2% rise in women CEOs in two years

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Mirova Women Leaders Equity fund manager Soliane Varlet
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Mirova Women Leaders Equity fund manager Soliane Varlet

Women's progression to leadership and senior management positions has moved in the right direction but been "very slow" in the nearly two years since the €151.2m Mirova Women Leaders Equity fund launched, according to its manager Soliane Varlet.

Varlet said that at the time of the fund launch in April 2019, data showed that 4% of CEOs were women and female representation on executive committees stood at 14%.  "Two years later, we have done the work again and the 14% of women in the executive committee is now 16% and 6% of CEOs are now women. There has been some progress, but it is very slow." She added: "We have observed that women are more likely to cut their working hours due to the pandemic, they are more likely to be furloughed, [and] are much more exposed to sectors that have been hit hard by the pandemic." Diversity ...

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