- by VisionNet on 07/03/2013
Almost 105,000 women are directors of Irish companies - up 14% since the start of the recession, according to Vision-net, Ireland's leading business and credit risk analyst.
Vision-net's figures, released on International Women's Day, show that the number of women directors in Irish companies is 104,971, compared to 92,281 five years ago and 48,571 a decade ago.
The number of Irish company directors is 494,646 and, of these, one in five is a woman.
Almost one-third of women directors are in their 40s and a quarter are in their 50s. Just 4% are in their 20s. These percentages have remained virtually unchanged over the past decade.
Women are most likely to be directors in companies in the professional services, social and personal services, and construction sectors, according to Vision-net's analysis.
Mary is the most common name for women directors, followed by Margaret, Anne and Catherine.
Christine Cullen, Managing Director of Vision-net, said it was encouraging that more women are taking up company directorships.
"The recession has prompted necessity-driven entrepreneurship, as well as creating some of the competitive conditions for new business start-ups, so it is not surprising that there has been a spike in the number of women directors. The CSO's Quarterly National Household Survey, published at the end of last month, found that the number of people at work rose last year - the first annual increase in employment since the second quarter of 2008. So, the economy is starting to point in the right direction, and women have a key role to play in accelerating our return to sustainable growth. Their increasing share of company directorships is a heartening trend," said Ms Cullen
28 Irish companies are scheduled to hold a Meeting of Creditors to appoint a Liquidator between the 21st and 27th of this month.
The number of businesses collapsing this month is down by 32% compared to the same month last year, according to the latest figures from Vision-net, Ireland's leading business and credit risk analyst.