ECONOMY

Only one in five Greek firms is run by a woman

Just one in five Greek companies has a woman at the helm, according to data from research company ICAP concerning 4,670 firms out of the 22,500 which issued a 2012 financial report.

However, that 21 percent does represent a rise from the 19 percent share recorded in 2011, pointing to a slow increase in the presence of female executives on company boards.

Still, the majority of firms run by women are small or medium-sized and only 9 percent of the major companies (with at least 250 employees and an annual turnover of 50 million euros or more) have female directors.

Furthermore, 81 percent of the women who do head companies also have a stake in their firms, showing that the number of female chief executives is considerably smaller.

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