Despite a rise in female board members, the number of women in managerial roles in Italy remains very low. Women accounted for nearly 39% of board members of listed companies at the end of 2020. However, at the end of 2020 showed female CEOs headed 15 companies, which accounted for 2.5% of total market capitalization on the Milan stock exchange, down from 17, or 2.6% of total market capitalization at the end of 2019.