Monday, March 2, 2015

They are “equality unyielding concrete nest” – Swedish newspaper Svenska Dagbladet

They are "equality unyielding concrete nest" – Swedish newspaper Svenska Dagbladet

“of gender equality unyielding concrete nest.” Amanda Lundeteg, president of the Foundation Allbright, does not mince words when she describes the blacklist, “Shame List”, this year’s report. On the list is the companies that have failed to recruit a single woman to the company’s management team.

Despite all the discussions and speeches about the importance of women in management was still 100 per cent men in senior management in these companies when the survey was done in December last year. Examples are SAS CEO Rickard Gustafson, SSAB CEO Martin Lindqvist, Lundbergföretagen with CEO Fredrik Lundberg and Industrivärden with outgoing President Anders Nyrén.

Total ports 80 listed companies Black List. 21 companies have disappeared over last year but unfortunately the list simultaneously loaded at an alarming rate with 19 new companies. Some of the newcomers on the stock exchange positions itself directly on the unflattering list.

– Chef lottery among men must end, says Amanda Lundeteg and continues:

– The owners, CEOs and managers can not continue burying your head in the sand with the result that half competence pool goes out the door. And with the disappearance of profitability, she says.

The blacklist is flanked by a much sparser white list. There ends up companies that have a good gender balance within the management team. Among the big companies, only one company that has managed to remain since last year, it’s Wallenberg Investor, with outgoing CEO Börje Ekholm.

Amanda Lundeteg is disappointed when it comes to white list.

– The most boring year’s report that the proportion of companies on the white list will be fewer. Today, only about 10 percent of listed companies equal when it comes to management teams. Sure, there are good examples, such as Odd Molly, Kings trail and a number of property companies. Overall, however, the pace of development still stalled, she said.

In figures, it that Sweden will have to wait for almost 50 years, until the year 2063 before we get equal management groups, according Allbright. Last year was the year set to 2041st

– I think it’s super depressed to have to say to young girls in the 17-18-age that they will never get to experience equal management teams during their careers unless recruitment takes off . But it is the large stain is still that the number of female CEOs are so low, 5 percent, says Amanda Lundeteg.

The figures in this year’s report is partly contradictory. Total percentage of women in listed companies’ management teams has increased marginally, from 18.5 to 19 percent. But it is not because more women got a place in the lines but on the management teams has decreased and that there are men in the first place, which has disappeared.

Allbrights goal is that within ten years to achieve gender balance among listed companies , ie, at least 40 percent women in senior management. With the current rate of development, it is therefore highly uncertain whether you manage to reach it.

Allbrights goals are considerably less aggressive compared with the Government’s objectives in terms of female directors. The government wants by the end of 2016, a gender balance of Swedish companies with at least 40 percent women, today the figure is around 24 percent. Otherwise threatens man with legislation.

– I think that the threat is effective, so that listed companies feel pressure. But I do not believe in the law as a solution. In Norway, it was not good. In addition, now runs College of Corporate Governance Board issue hard with performance criteria by 2020, says Amanda Lundeteg.

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