Measures put in place to promote women to the managing board, supervisory board and management positions
Female Supervisory Board members
Women hold around 14% of the positions in Vienna Insurance Group Supervisory Boards across Europe, 19% in the Austrian insurance companies and 30% in VIG Holding (as of 31.12.2015).
Female Managing Board members
Women hold around 22% of the positions on the Managing Boards of Vienna Insurance Group companies and around 12% of the Managing Board chairs are women. Elisabeth Stadler has been the first female Chairwoman of an ATX company in Austria since January 2016.
For comparison, women held 9.1% of the Managing Board positions in the 59 largest German insurance companies in 2015, and 1.7% of the Managing Board chair positions in these companies.
Women in management positions
Including distribution, women hold around 40% of the management positions at the level directly below the Managing Board in VIG insurance companies across Europe (not including distribution: around 45%).
Removing barriers to women’s careers is one of the key elements of the personnel strategy at Vienna Insurance Group. In addition to implementing this principle to, for example, the management development process, efforts are being made to give visibility to ambitious women at all levels, for example, by assigning more women to attend external conferences, platforms, etc. as representatives of the Company.
Vienna Insurance Group is specifically involved in events such as the “Business Riot” - the Festival for Women, Work & Entrepreneurship, in particular making contributions on the subject of “actively structuring female careers”.