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Peruvian women are making progress in the business world, holding 10% of executive positions in companies across the nation. On average, women across Latin America hold 8% of executive posts in companies and represent 5% of seats of companies’ boards of directors, according to a survey carried out by McKinsey Consultants.
While Peru may be above the regional average in terms of the representation of female executives, it lags behind the board of director average with only 4%.
McKinsey Consultants found that companies with one or more female executive in their employ have a +44% higher return on investment, as well as a +47% higher net profit when compared to companies without female executives.
The study looked at 345 different companies that trade on the stock markets of Peru, Chile, Colombia, Mexico, and Argentina. Gestion reports that Colombia had the highest rates of female representation in executive posts and positions on companies’ boards of directors, while Mexico had the lowest levels of female representation.
Though the regional averages for women corporate leaders are well below the European and American rates of female representation (10% and 14% female executives, 17% and 15% female directors, respectively), the figures are similar to rates seen in Asia (8% and 6%).
Gestion also published a list of the comparative average salaries for women. In Argentina, women make 82% of what their male counterparts earn the highest figure reported by Gestion. At the other end of the list are Chile and Mexico, where women make only 69% of what their male compatriots are paid. Peruvian women make 73% of the salaries of men in the country.