CORPORATE WOMEN DIRECTORS INTERNATIONAL

Colloquium on Global DiversityNew York

February 21, 2019

Women Board Directors of Fortune Global 200 Companies

Irene Natividad

President, Global Summit of Women andChair, Corporate Women Directors International

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CORPORATE WOMEN DIRECTORS INTERNATIONAL 1

___________________________2018. Information may not be reproduced without permission from CWDI

Percentage of Men and Women Board Directors inFortune Global 200 Companies

(as of January 1, 2018)

CORPORATE WOMEN DIRECTORS INTERNATIONAL 2

Percentage of Women Board Directors, Fortune Global 200 Companies, 2004 - 2018

___________________________2018. Information may not be reproduced without permission from CWDI

CORPORATE WOMEN DIRECTORS INTERNATIONAL 3

Women Board Directors, Fortune Global 200 Companies, By Region

___________________________2018. Information may not be reproduced without permission from CWDI

CORPORATE WOMEN DIRECTORS INTERNATIONAL 4

Women Board Directors, Fortune Global 200 Companies, By Region, 2004-2018

___________________________2018. Information may not be reproduced without permission from CWDI

CORPORATE WOMEN DIRECTORS INTERNATIONAL 5

+36.2 +33 +22.3 +22.8 +13 +15.5

Percentage of Women Board Directors, By Country, 2004-2018 with Percentage Increase

Best Performers

___________________________2018. Information may not be reproduced without permission from CWDI

CORPORATE WOMEN DIRECTORS INTERNATIONAL 6

+8.8 +7 +4.8 -4.3 0

Percentage of Women Board Directors, By Country, 2004-2018 with Percentage Increase

Worst Performers

___________________________2018. Information may not be reproduced without permission from CWDI

CORPORATE WOMEN DIRECTORS INTERNATIONAL 7

Fortune Global 200 Companies with Highest Percentages of Women Board Directors (as of February 1, 2019)

2018. Information may not be reproduced without permission from CWDI

Rank Company Country

Number of

Women

Directors

Total Number

of Directors

Percentage of

Women

Directors

1 (tie) AXA France 8 16 50%

1 (tie) Engie France 8 16 50%

1 (tie) Total France 6 12 50%

2 (tie) General Motors USA 6 13 46.2%

2 (tie)

Hewlett-Packard

Enterprises USA 6 13 46.2%

2 (tie) Unilever Netherlands 6 13 46.2%

3

Hewlett-Packard

Inc. USA 5 11 45.5%

4 Munich Re Group Germany 9 20 45%

5 (tie) Zurich Insurance Switzerland 4 9 44.4%

5 (tie) Crédit Agricole France 8 18 44.4%

CORPORATE WOMEN DIRECTORS INTERNATIONAL 8

Fortune Global 200 Companies with Highest Percentages of Women Board Directors (cont.) (as of February 1, 2019)

___________________________2018. Information may not be reproduced without permission from CWDI

Rank Company Country

Number of

Women

Directors

Total Number

of Directors

Percentage of

Women

Directors

6 (tie) BNP Paribas France 6 14 42.9%

6 (tie) Peugeot France 6 14 42.9%

6 (tie) Societe Generale France 6 14 42.9%

7 CNP Assurances France 8 19 42.1%

8 Electricite de France France 5 12 41.7%

9 (tie) Deutsche Telekom Germany 8 20 40%

9 (tie) Metro France 8 20 40%

9 (tie) Finatis France 2 5 40%

10 Carrefour France 7 18 38.9%

CORPORATE WOMEN DIRECTORS INTERNATIONAL 9

Companies in Fortune Global 200 with 3 or More Women Board Directors, 2004-2018

European Union Mexico

Slovenia Brazil

(State-Owned)

Switzerland

Israel

(1993)Finland(2004)

Kenya(2010)

Poland(2012)

South Africa

(1996)

Ireland(2004)

Austria(2011)

UAE(2012 – 1 woman)

Denmark

(2000)

Iceland(2006)

Slovenia(2011)

Greece(2012)

Israel

(1999 – 1 woman)France(2010)

Croatia(2011 -soft target)

Germany(2014)

Norway

(2003)

Belgium(2011)

Netherlands(2012)

Pakistan(2017 – 1 woman)

Spain

(2007)

Malaysia(2011)

Denmark(2013 -soft target)

Portugal(2017)

Iceland(2010)

Italy(2011)

India(2013 – 1 woman)

Panama(2018)

CORPORATE WOMEN DIRECTORS INTERNATIONAL

The Quota Legislative Strategy for Women Directors – Global Overview

Countries with Quotas for Publicly-Listed Companies

Countries with Quotas for State-Owned Companies

Proposed Quotas _________________©2019. Information may not be reproduced without permission from CWDI

Municipal and Provincial

Quotas

Quebec, Canada

(2006)

California USA

(2018)

CORPORATE WOMEN DIRECTORS INTERNATIONAL 11

Percentage of Women Board Directors in Countries with Quotas and in Countries without Quota Legislation

___________________________2018. Information may not be reproduced without permission from CWDI

12

Economies with Board Diversity Language in Corporate Governance Codes,Stock Exchange Listing or Security Exchange Commission Requirements

Stock Exchange Commissions

SPAIN (2007)

AUSTRALIA (2011)

ITALY(2011)

SINGAPORE(2011)

JAPAN(2009)

POLAND(2010)

MALAYSIA(2011)

HONG KONG(2012)

NEW ZEALAND(2012)

PAKISTAN(2012)

TAIWAN (CHINESE TAIPEI)(2013)

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)

SLOVENIA(2011)

CANADA – OntarioSecurities Commission(2014)

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CORPORATE WOMEN DIRECTORS INTERNATIONAL 13

Percentage of Women Board Directors in Countries with Gender Diversity Language in Corporate Governance Code and

in Countries without

___________________________2018. Information may not be reproduced without permission from CWDI

CORPORATE WOMEN DIRECTORS INTERNATIONAL 14

Recommendations for Accelerating Gender Diversity on Corporate Boards

___________________________2018. Information may not be reproduced without permission from CWDI

• Whether quotas or targets, whether through legislative mandates or private sector strategies, opening up women’s access to corporate board seats will not happen unless there is a concerted national effort.

• Boards must be repeatedly exposed to the ‘business case’ for more women on corporate boards.

• Companies should insist that when board openings occur that

Nominations Committees’ or search firms’ recommendations include

women candidates.

CORPORATE WOMEN DIRECTORS INTERNATIONAL

Colloquium on Global DiversityNew York

February 21, 2019

Women Board Directors of Fortune Global 200 Companies

Irene Natividad

President, Global Summit of Women andChair, Corporate Women Directors International

15