Quotas or No Quotas? That is the Question
In a policy paper (Agir pour la parité, performance à la clé) published in 2019, Institut Montaigne demonstrated that beyond the equality issue, gender diversity - in other words, the presence of women at all levels of an organization - is also a performance issue and a growth lever. In France, a number of measures have been implemented in the last few years in this regard.
For example, in 2018, Marlène Schiappa, then Secretary of State for Gender Equality, and Muriel Pénicaud, then Minister of Labour, unveiled a gender equality index, with the aim of eliminating professional inequality in three years. Every year, companies are thus asked to publish a score out of 100, based on five main criteria: the wage gap (40 points), the percentage of men and women who received a raise during the year (20 points), the percentage of men and women who received a promotion (15 points), the raise after a maternity leave (15 points), and the number of women among the ten highest paid employees (10 points). In 2020, the obligation to publish their professional equality score by March 1 was met by 70% of companies with more than 50 employees, compared to 59% in 2019. Average scores have increased since last year: 87 for companies with more than 1,000 employees (83 in 2019), 85 for companies with 250 to 1,000 employees (82 in 2019), and 83 for companies with 50 to 250 employees. With an overall score of 85 out of 100, the index is ten points above the minimum requirement. However, only 2% of companies scored 100 - 98% thus have room for improvement.
France recently celebrated the 10 year anniversary of the flagship Copé-Zimmermann law, setting quotas for the gender balance of company boards, with the aim of reaching a minimum representation of 40% for each gender. Although some companies, in the digital sector for example, still struggle to respect the law, the overall results a decade later are decisive: France is in the lead worldwide in the percentage of women in boards (43%), far ahead of the UK (36%) and Sweden (35%). Today, this law is largely celebrated in France, but it was far from being the case ten years ago, in a country where affirmative action is a source of intense debates.
This cultural trait is however evolving. An increasing number of actors are calling for further measures towards professional equality. Equal representation in company boards is an important step, but it is not sufficient if we want to achieve actual power-sharing. Overall, the CAC 40 and the SBF 120 have only 22% women on their executive committees (comex) or management committees (codir), with CEOs remaining mainly men. Minister Delegate for Gender Equality, Diversity and Equal Opportunities Elisabeth Moreno recently called the CAC 40 a "guys club".
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