Story of the Day
Italy lags behind almost every other European country when it comes to women’s employment. Employment rates for men are more than 20 percentage points higher than those for women. And women represent only 4 percent of company board members, the second-lowest rate in Western Europe, even though on average Italian women are better educated than Italian men.
This poor representation has serious repercussions for the economy. According to The Economist, Goldman Sachs has calculated that increasing women’s participation in the labour market to male levels would boost Italy’s GDP by 21%. The Italian government is working to try to improve the situation, and recently introduced legislation requiring a minimum quota of women to sit on the boards of listed companies. But this does not affect cooperatives, which in theory are founded on principles of equality. Equal rights for women have been at the core of cooperative principles since the dawn of the cooperative movement in the mid-19th century.
iDee – Associazione delle Donne del Credito Cooperativo: http://www.idee.bcc.itwww.stories.coop