CORPORATE WOMEN DIRECTORS INTERNATIONAL
Global Summit of WomenSao Paulo, Brazil
May 15, 2015
CWDI Report on Women Board Directors of 100 Largest Latin American Companies
Irene Natividad
President, Global Summit of Women andChair, Corporate Women Directors International
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CORPORATE WOMEN DIRECTORS INTERNATIONAL
100 Largest Latin American Companies, By Country
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COUNTRY NUMBER OF COMPANIES
Brazil 42
Mexico 29
Chile 14
Colombia 13
Argentina 2
CORPORATE WOMEN DIRECTORS INTERNATIONAL
Percentage of Men and Women Board Directors in Latin America’s Largest Companies
(as of March 31, 2015)
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Women Directors
6.4%
Men Directors
93.6%
CORPORATE WOMEN DIRECTORS INTERNATIONAL
Women Board Directors in Latin America, 2005 - 2015
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In the past decade, the percentage of women board directors has increased only 1.3%
5.1%
5.6%
6.4%
0% 2% 4% 6% 8% 10%
2005
2012
2015
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Percentage of Top Latin American Companies with 0 Women Directors(as of March 31, 2015)
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Nearly half of the largest companies in the region have no women board directors.
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10 Largest Companies in Latin America with 0 Women Board Directors(as of March 31, 2015)
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Ranking Company CountryNumber of
Women Directors
Total Number of Directors
Percentage of Women
Directors
1 Ambev Brazil 0 11 0
3 Itau Unibanco Brazil 0 12 0
4 Vale Brazil 0 10 0
6 America Movil Mexico 0 11 0%
11 Grupo Mexico Mexico 0 14 0%
12 Itausa Brazil 0 6 0%
13 Telef Brasil Brazil 0 12 0
16 Televisa Mexico 0 14 0
19 BRF Foods Brazil 0 11 0
CORPORATE WOMEN DIRECTORS INTERNATIONAL 7
Regional Comparison of Women on Boards
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Percentage of Women Board Directors in Latin America, By Country(as of March 31, 2015)
CORPORATE WOMEN DIRECTORS INTERNATIONAL
Top 5 Companies with Highest Percentage of Women Board Directors(as of March 31, 2015)
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Rank Company CountryNumber of
Women Directors
Total Number of Directors
Percentage of Women
Directors
1 (tie) Grupo Argos Colombia 2 7 28.6%
1 (tie) Cemargos Colombia 2 7 28.6%
2Organizacion
Soriana Mexico 2 8 25.0%
3 (tie) Exito Colombia 2 9 22.2%
3 (tie) Falabella Chile 2 9 22.2%
3 (tie)Santander
Brasil Brazil 2 9 22.2%
4 (tie) Walmex Mexico 2 10 20.0%
4 (tie)Banco do Brasil
Seguridade Brazil 1 5 20.0%
5 Femsa Mexico 3 16 18.8%
CORPORATE WOMEN DIRECTORS INTERNATIONAL
The Quota Legislative Strategy for Women Directors – Global Overview
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Countries with Quotas for State-Owned Companies
Israel (1993)
South Africa (1996)
Denmark (2000)
Finland (2004)
Ireland (2004)
Iceland (2006)
Kenya (2010)
Austria (2011)
Slovenia (2011)
Poland (2012)
UAE (2012)
Greece (2012)
Countries with Quotas for Publicly-Listed Companies
Israel (1999 – 1 woman) Norway (2003) Spain (2007) Iceland (2010)
France (2010 ) Belgium (2011) Malaysia
(2011)
Italy (2011)
Netherlands (2012)
Denmark (2013 – soft target)
India (2013 – 1 woman min.)
Germany (2014)
Municipal and Provincial Quotas
Berlin, Germany (2002)
Nuremberg, Germany (2009)
Quebec, Canada (2006)
Proposed Quotas
European Commission
Brazil (State-Owned Companies)
Canada(Publicly-listed Companies)
South Korea (State-Owned Companies)
Switzerland (State-Owned Companies)
________________________________________©2014. Information may not be reproduced without permission from CWDI
CORPORATE WOMEN DIRECTORS INTERNATIONAL 11
The Americas: No Initiatives to Increase the Number of Women Board Directors
North America
0
South America
0
Africa
2
Asia-Pacific
2
Middle East
2
Europe
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CORPORATE WOMEN DIRECTORS INTERNATIONAL
Percentage of Women Board Directors in Countries with Quota Legislation and all Fortune Global 200 Companies
2014
Women Directors in Countries w/ Quota 25.3 %
Women Directors in all Fortune Global 200
Companies15.6 %
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CORPORATE WOMEN DIRECTORS INTERNATIONAL
Countries with Board Diversity Language in Corporate Governance Codes,Stock Exchange Listing or Security Exchange Commission Requirements
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Stock Exchange Commissions
SPAIN (2007)
AUSTRALIA (2011)
ITALY(2011)
SINGAPORE(2011)
JAPAN (2009)(inclusion of independent directors)
POLAND(2010)
MALAYSIA(2011)
HONG KONG(2012)
NEW ZEALAND (2012)
Corporate Governance Commissions
KENYA(2002)
FINLAND(2003, 2008)
SWEDEN(2004)
NORWAY (2004)
NETHERLANDS (2008)
BELGIUM (2009)
LUXEMBOURG(2009)
SOUTH AFRICA(2009)
GERMANY (2010)
Corporate Governance Commissions (Cont’d)
FRANCE (2010)
UK (2010)
AUSTRIA (2010)
DENMARK (2010)
MOROCCO(2010)
MALAWI(2011)
NIGERIA(2011)
CANADA(2013)
USA - Securities and Exchange Commission(2010)
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CORPORATE WOMEN DIRECTORS INTERNATIONAL
Percentage of Women Board Directors in Countries with Gender Diversity Language In Corporate Governance Codes and all Fortune
Global 200 Companies2014
Women Directors in Countries w/ Corp. Gov.
Code on Gender Diversity24.2 %
Women Directors in all Fortune Global 200
Companies13.6 %
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CORPORATE WOMEN DIRECTORS INTERNATIONAL 15
Global Summit of WomenSao Paulo, Brazil
May 15, 2015
CWDI Report on Women Board Directors of 100 Largest Latin American Companies
Irene Natividad
President, Global Summit of Women andChair, Corporate Women Directors International