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Representation of Women in Governing Bodies: An Analisis of Financial Institutions Supervised by the CNMV

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  • María Jose Gómez Yubero, Miguel Palomero Aguilar

Abstract

Diversity within corporate governance bodies, particularly in the financial sector, is vital for both economic and social stability. However, despite various efforts, women´s representation in leadership roles remains low, highlighting persistent structural and cultural barriers. This paper examines the current state and challenges of achieving balanced representation in financial institutions supervised by the CNMV, with a special focus on unlisted companies. The findings reveal that women´s presence on Boards of Directors is significantly below the levels efforts for effective inclusion. The paper discuses the reasons behind this disparity and offers recommendations to encourage meaningful changes in female representantion within the sector.

Suggested Citation

  • María Jose Gómez Yubero, Miguel Palomero Aguilar, 2025. "Representation of Women in Governing Bodies: An Analisis of Financial Institutions Supervised by the CNMV," CNMV Working Papers CNMV Working Papers no. 8, CNMV- Spanish Securities Markets Commission - Research and Statistics Department.
    • Handle: RePEc:cnv:wpaper:dt_89en
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    JEL classification:

    • J71 - Labor and Demographic Economics - - Labor Discrimination - - - Hiring and Firing
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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