The Ministry of Finance is preparing a bill to establish the presence of women on the boards of some specific companies.
The companies will be open and special corporations, which means that they are listed on the Stock Exchange and are supervised by the Commission for the Financial Market (CMF).
The purpose of the law would be that in companies “there are women represented on boards until they reach at least 40%,” according to The Mercury.
This is in contrast to the low participation of women on boards in the national financial market, according to a document published by the CMF.
The Government’s legislative adviser, Beatriz Von Loebenstein, explained that each company must determine the mechanisms to comply with the quota “according to its own statutes and appointment procedures.”
According to data from the Organization for Economic Cooperation and Development (OECD), Chile would be among the countries with the lowest representation of women, ranking 33rd out of 37 countries evaluated.
In addition, it would continue to be below the average for female participation compared to other members of the organization, with one in ten women in high-ranking positions in companies, while the average is 26.3%.
