Abstract
Gender equality policy in European Union aims in equal access to managerial position by men and women. The real changes on that field have been observed in last 15 years however there are only some EU-states where this goal has been obtained. Therefore, quota directive was passed in 2022. There is quite rich literature concerning infl(ence of female managers on the enterprises' sit(ation. Altho(gh there is no clear opinion if this impact is significantly positive or negative, or insignificant. Our paper states the opposite question and the purpose of the study is to find out if a change in the financial standing of companies translates into a change in the fraction of women in their management. Such investigation has not been often provided although the so-called glass cliff phenomenon was reported in literature. The research covers statutory bodies and financial situation of 90 companies continuously listed on the Warsaw Stock Exchange (WSE) in the years 2010-2019. The financial standing of the companies is assessed using tailor-made synthetic vector measures developed on the basis of financial indicators calculated for data reported at the end of each year. The research conducted with application correlation coefficients and statistical inference does not show the existence of a relationship confirming that the percentage of women in management changes with the change in the financial situation of the companies.