The arrival of Kamala Harris, a Black woman of Jamaican and Indian descent, as Vice President of the United States is a historic milestone and an unprecedented event in the world's largest economy. On the other side of the equator, we are committed to increasing diversity and representation. In Spencer Stuart's Brazil Board Index 2020, the results are still not encouraging, despite some tentative progress. The Boards of Directors of 190 companies listed in the differentiated Corporate Governance segments of B3 were analyzed: 143 companies on the Novo Mercado, 21 companies on Level 2, and 26 companies on Level 1. Of these companies, 1,598 Board positions were mapped.
The Councils have only 11.5% of female representation of the total number of Councilors (in 2019 there were 10.5%; in 2018, 9.4%). On average, there is one woman for every 7.4 men on the Councils (an average of 8.4 members per Council).
There are only 11 women as Chairs or Co-Chairs, compared to 12 in 2019, equivalent to 6% of the total number of Boards. More than half of the Boards (109 Boards, 57% of the total) have at least one woman, compared to 53% the previous year. The road is long, but the world is showing signs. 2021 will be a year of diversity. Let's go together.
