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Female Board Membership Rises in Europe as Top Spots Remain Male

Female board membership at Europe’s biggest companies has more than doubled in a decade, approaching the level in the U.S., even as women represent just 5.4 percent of directors who wield executive power.

Women held 20.3 percent of board directorships at European businesses valued at more than 4 billion euros ($5 billion), compared with 15.6 percent two years ago and just 8 percent in 2004, London-based Egon Zehnder said today. The consulting firm studied more than 350 companies in 17 European countries.