Slight rise in female FTSE board members, but just a tenth of company management is a woman

UK companies have improved feminine illustration on their boards, analysis exhibits, however two-fifths of FTSE 100 companies nonetheless would not have a girl in one among their high 4 govt roles.

The proportion of ladies on the boards of the FTSE all-share listed corporations has risen over the previous 12 months from 36% to 40%, in line with the evaluation of Corporations Home knowledge.

Nevertheless, the variety of feminine bosses has flatlined, with only a tenth of govt roles occupied by ladies, excluding firm secretaries. On a extra optimistic observe, the variety of companies with all-male boards has halved to only 4.

Beneath Monetary Conduct Authority guidelines, ladies ought to make up no less than 40% of an organization board, and no less than one of many senior board positions – chair, chief govt, chief monetary officer or senior unbiased director – needs to be occupied by a girl.

The analysis by the marketing campaign group Girls on Boards discovered that just about a fifth of FTSE 100 companies (19%) don’t meet the FCA’s 40% goal. They embody the retailers Frasers Group and Ocado, the miner Rio Tinto and the insurer Hiscox.

Amongst FTSE 250 corporations, 36% have failed, and 41% of the smaller corporations listed on the FTSE. Practically three-quarters (73%) of AIM-listed corporations are but to achieve this aim.

Additional evaluation by Girls on Boards exhibits that 40 FTSE 100 companies should not assembly the FCA goal of getting a girl in one among their high 4 roles.

Fiona Hathorn, the chief govt of Girls on Boards, stated: “Since we began these reviews three years in the past, we’re happy with the progress made on ladies non-executive administrators outdoors of the FTSE 350 [the FTSE 100 and 250 combined], however simply having ladies in non-executive director roles isn’t adequate to have an effect on the chief pipeline … We don’t have the ladies’s sturdy voice within the boardroom.”

She stated the very slim vary of experience on boards was one other important concern, with an absence of enter from workers a specific subject within the space of sexual harassment. “You’ve had scandal after scandal,” she stated. “There isn’t a folks’s voice within the boardroom. The place is the experience or the information?”

The report exhibits that of 4,800 board administrators at listed UK corporations, solely three are chief folks officers tasked with representing the workforce – on the leisure agency Hollywood Bowl, security tools supplier Halma and asset supervisor Intermediate Capital Group.

Hathorn added: “You want consultants that perceive tradition and points. You want any individual speaking to folks, who’s reporting to the [the top executives],” she stated, suggesting they need to be asking: “How are you feeling? What’s happening? What are you involved about? Are there any scandals? Are you feeling comfy? What’s the wellbeing like in

Sheila Flavell CBE, Chief Working Officer of FDM Group, commented: “It’s alarming to see how stark the underrepresentation of ladies in govt positions at giant organisations is, regardless of the rise in feminine board members. This underrepresentation typically accompanies different underlying points comparable to a gender pay hole and lack entry to studying and growth alternatives which is one thing that needs to be addressed by all companies, not simply FTSE 100 ones.”

“Fixing the gender hole in trade isn’t one thing that may be achieved straight away however is vital that companies recognise this shortfall and description constant progress to attaining true equality within the office. Actions comparable to mentoring from senior feminine management, implementing versatile insurance policies round childcare, and female-focused networking can all empower feminine workers – the following step is giving them the chance to thrive in senior roles.”

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