Croatia Has More Female Leaders in Business than Switzerland and Austria

Total Croatia News

Good news for Croatian businesswomen.

The global average regarding the number of women in top-level business positions was 11.5 percent in 2014, except for Australia which had 22.6 percent, and the United States with 21.1 percent. This shows that the number of females on the management boards of companies with headquarters in developed countries is higher compared to the other countries, reports on May 28, 2016.

In Croatia, Ericsson NT, Ledo, Optima Telekom, Podravka, as well as Hrvatski Telekom and Zagrebačka Banka, are the top firms with the most females on the management boards, revelaed the research carried out by the Selectio company. Selectio has been calculating the CROBEX index of females since 2014, which shows the share of women on the management boards of the companies included in the CROBEX index. CROBEX includes 25 of the most important companies on the Zagreb Stock Exchange.

Their analysis points out that the share of females in the period from 2006 to 2016 has risen from 10.3 to 20.7 percent. According to the available data from “The Female FTSE Board Report 2014”, the largest number of women on management boards has been recorded in Norway (38.9 percent), Finland (32.1 percent), France (28.5 percent) and Sweden (27.5 percent). Croatia, with its 16.3 percent, was just behind Germany, which had 16.6 percent. But, Croatia was also ahead of Switzerland (13.9 percent), Austria (10.7 percent) and Luxembourg (8.9 percent).

When it comes to Croatia, the presence of women in business is much greater than, for example, in Croatian Academy of Arts and Sciences, where women make up 10 percent of all members. Female MPs comprise 20.5 percent of the current Parliament, which is almost identical to their share in the management boards. However, Parliament has actually recorded a decrease of female members, as there were 25.5 percent and 25.2 of them in the two previous Parliaments.

The global trend is to decrease the number of “zero companies” or rather companies that have no females on their management boards. Among the FTSE250 there are 9.2 percent of such companies, while among the CROBEX ones 47.8 percent do not have a woman on their boards.


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