Business · Companies · 7 hrs ago
Women hold 14.8% of board seats at listed Mexican companies
A 2026 study by Mexico’s IMCO found that women held 14.8% of board seats at companies listed on Mexican stock exchanges, up from 14.3% in 2025.
But 20 companies had no women on their boards or in their general, finance or legal director roles.
Walmart de México led with women holding 54% of its board seats, while Pemex ranked second at 47%.
Women held 34% of board seats across OECD countries, compared with 25% in Colombia, 24% in Chile and 22% in Brazil.
The study also found women held just 3.5% of general director roles at Mexican listed companies, showing the gap reaches senior management.
IMCO points to company structures and social and cultural conditions as barriers, noting that 85% to 90% of Mexican companies are family businesses and fewer than half have a board of directors.
Women held 14.8% of board seats at companies listed on Mexican stock exchanges in 2026, up from 14.3% in 2025.
The study found that women’s share of independent board seats fell from 5.5% to 5%.
Women held 34% of board seats in OECD countries, compared with 25% in Colombia, 24% in Chile and 22% in Brazil.
Walmart de México y Centroamérica had the highest share of women on its board, at 54%, followed by Pemex at 47%.
Twenty companies had no women on their boards or in three key executive roles, according to the study.
- Who
- Women serving on boards and in senior roles at companies listed on Mexican stock exchanges.
- What
- Women held 14.8% of board seats in 2026, up from 14.3% in 2025.
- When
- The study reports figures for 2026 and compares them with earlier years.
- Where
- Companies listed on Mexican stock exchanges.
- Why
- The study identifies structural, social and cultural barriers, as well as limited access to leadership positions.
This story does not have two clearly opposing sides.
Women held 3% of general director positions at listed companies, according to the study.
Women held 14.3% of board seats and 5.5% of independent board seats.
Women held 14.8% of board seats, while their share of independent board seats fell to 5%.
- Overall board representation
- 14.8% in 2026, compared with 14.3% in 2025
- Independent board seats
- Women held 5% in 2026, down from 5.5%
- Top company
- Walmart de México y Centroamérica: 54% of board seats held by women
- Second place
- Pemex: 47% of board seats held by women
- Companies with no women
- 20 had no women on their boards or in three key executive roles
- Compared across years
- Of 164 companies assessed, 39 reduced women’s board representation, 65 had no change and 60 increased it