Italy leads Europe in the percentage of women on the boards of directors of publicly traded companies. At the conclusion of 2023, the female percentage was 43.1%, a significant increase from the 7% recorded in 2011, the year in which Law 120, also known as the "Golfo-Mosca" law, was enacted. The name "Golfo-Mosca" is derived from the names of the two parliamentarians who signed the law, which established female quotas on boards. Only France (46.7% in the Cac40 and 46.3% in the SBF 120) and Norway (43.5%) are ahead of Italy, which was the first European country to enact gender quota legislation in 2003. According to the Deloitte report "Women in the boardroom 2024," Italy has the highest percentage of women chairing committees (52% audit, 54% governance, 57% remuneration, and 60% control and risks). The problem arises at the highest levels, where female CEOs and presidents are still uncommon. According to the Deloitte study, women account for only 4% of CEOs in Piazza Affari. Women make up less than 25% of management positions.
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