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EWSDGE is attending the Coca Cola Hellenic Company AGM today

(23.06.2015) EWSDGE will be attending the Coca Cola Hellenic Company AGM today. According to the Davies Review 2015, Coca Cola is currently in last place of the FTSE 100 companies (down several places from last year) with regard to female representation on their Board. It has one female Board member out of 13. This is bitterly disappointing. Clearly Coca Cola is heading in the wrong direction.

„What is happening at Coca Cola that it is going in the wrong direction? Instead of making progress towards equality and diversity, it is heading away from it. It cannot be that there are no talented women to serve on the Coca Cola Board, especially in light of the fact that so many FTSE 100 companies are making steady progress. Perhaps this is a good example where a quota Directive will make a transformative difference.“ said Professor Jackie Jones, UK and Ireland Coordinator.

Professor Jones will ask the Chair of Coca Cola:

  1. Concerning concrete and imminent plans for increasing executive posts (both executive and non-executive Board members) and how these posts will be incorporated in any actionable targets; and
  2. What is being done to progress women up the pipeline (in the equality/diversity sense) to ensure there are individuals ready and appointable at all levels of management, especially senior levels.

For example, the use of specialist recruitment firms that search out women with specialist knowledge of the industry, or special training within the company fast-tracking women for higher management roles.

BACKGROUND

Initiated by the German Women Lawyers Association (djb), the project “European Women Shareholders Demand Gender Equality” was awarded a grant in 2014 by the European Commission (together with 16 other European projects) under the PROGRESS program. It is co-funded by the Federal Ministry for Family Affairs, Senior Citizens, Women and Youth (BMFSFJ), the Ministry for Justice and Equality of Saxony-Anhalt and the Finland Chamber of Commerce.

The project partners include, along with the djb, the four women lawyers organizations, European Women Lawyers Association (EWLA), EWLA Bulgaria, Association Française des femmes juristes, (AFFJ), Hungarian Women (Advocate) Lawyers Association, the Finland Chamber of Commerce and the University of West of England. The Ministry for Justice and Gender Equality of Saxony-Anhalt is hosting the closure event and the Magdeburg-Stendal University of Applied Sciences is responsible for evaluation.

The project connects with the German project “Women shareholders demand equality – Increase the number of women in management positions, especially on Supervisory Boards of German listed companies”, funded by the Federal Ministry for Family Affairs, Senior Citizens, Women and Youth (BMFSFJ) and continues throughout Europe. In the course of the German project from 2009 to 2013 djb members as well as other shareholders have attended 300 annual general meetings of listed companies exercising their information right. The answers from the Supervisory and Executive boards to all questions on women in management position in the companies have been analysed and published in four studies.

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