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Women's Participation in Senior Management Positions: Gender Social Relations, Law and Corporate Governance

25 Pages Posted: 13 Oct 2014  

Alexandre Di Miceli da Silveira

Alvares Penteado School of Business (Fecap)

Angela Rita Franco Donaggio

São Paulo Law School of Fundação Getulio Vargas FGV DIREITO SP

Lígia Paula Pires Pinto Sica

São Paulo Law School of Fundação Getulio Vargas FGV DIREITO SP

Luciana de Oliveira Ramos

Fundação Getulio Vargas FGV DIREITO SP - São Paulo Law School

Date Written: October 10, 2014

Abstract

We provide an empirical overview of women’s under-representation in positions of senior management in Brazil, including the board of directors and "C" level positions. We do so by collecting data on 73,901 top managerial positions of 837 different publicly held companies throughout sixteen years from 1997 until 2012. We find that the proportion of women in top management positions in Brazilian companies is currently around 8% and relatively stagnant over the years under analysis. Around half of the companies did not appoint a single woman to their boards during the years under analysis, whereas around two-thirds did not exhibit at least one woman on their senior management teams. We also investigate the corporate attributes associated with a higher or lower presence of women on board and top executive positions. Contrary to the common sense, we find that companies listed on the Novo Mercado as well as state-owned companies are associated with a lower presence of women on the board of directors. We conclude by discussing some possible institutional solutions, including the possibility of affirmative actions such as quotas, in order to promote higher gender equality at the top of the Brazilian corporate world.

Keywords: Diversity, Gender Equality, Women, Senior Management Positions, Board of Directors

Suggested Citation

da Silveira, Alexandre Di Miceli and Donaggio, Angela Rita Franco and Sica, Lígia Paula Pires Pinto and Ramos, Luciana de Oliveira, Women's Participation in Senior Management Positions: Gender Social Relations, Law and Corporate Governance (October 10, 2014). Available at SSRN: https://ssrn.com/abstract=2508929 or http://dx.doi.org/10.2139/ssrn.2508929

Alexandre Di Miceli Da Silveira (Contact Author)

Alvares Penteado School of Business (Fecap) ( email )

Av. Liberdade, 532
Liberdade
São Paulo
Brazil
+5511945909031 (Phone)

HOME PAGE: http://lattes.cnpq.br/4773608871754250

Angela Rita Franco Donaggio

São Paulo Law School of Fundação Getulio Vargas FGV DIREITO SP ( email )

R. Rocha, 233, Bela Vista
São Paulo, 01330-000
Brazil

Lígia Paula Pires Pinto Sica

São Paulo Law School of Fundação Getulio Vargas FGV DIREITO SP ( email )

R. Rocha, 233, Bela Vista
São Paulo, 01330-000
Brazil

Luciana De Oliveira Ramos

Fundação Getulio Vargas FGV DIREITO SP - São Paulo Law School ( email )

R. Rocha, 233, Bela Vista
São Paulo, 01330-000
Brazil

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