Four Women Make Jazztel Pioneer in Spain, Where Men Rule
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As Spain’s biggest corporations lumber toward a goal of bringing more women to their boards of directors, one company offers a powerful incentive to do so: the best performer in the country’s benchmark stock index, Jazztel Plc.
The phone and Internet provider, whose stock has climbed more than sixfold since 2009, has had the greatest share of women on its board for most of the past five years. At 44 percent female, Jazztel’s board led the 35-member IBEX from late 2009 until May, when Red Electrica Corp. SA surpassed it, data compiled by Bloomberg showed. Red Electrica now has five women on its 11-member board, or 45 percent.