Japan Exchange Group’s female board ratio remains far below global peers and its own listing rule goal, highlighting the country’s struggles with gender equality at the top of businesses.
The company that manages the world’s third largest stock market only has a female board ratio of 13%, a level that’s less than half the average of global peers. It remains one of the worst among 26 major exchanges, according to data compiled by Bloomberg. Only Chile, India and Argentina score lower.
The number also trails the Tokyo Stock Exchange’s own revised listing rule goal as of late July, which set a target of getting women to occupy 30% of executive roles by 2030. Earlier this year the government also disclosed plans to press companies listed on the TSE Prime Market Index to achieve that 30% level.