Variety of FTSE 100 feminine administrators rises by 50% in 5 years

The variety of feminine administrators at FTSE-100 companies has elevated by 50% within the final 5 years, and girls now maintain greater than a 3rd of roles within the boardrooms of Britain’s high 350 firms, in accordance with the ultimate report of a assessment into feminine illustration on the high of enterprise.

Though males nonetheless dominate the highest ranks of enterprise, the government-backed Hampton-Alexander assessment has achieved its goal of 33% of board positions at FTSE 100 and FTSE 250 companies being held by girls by the top of 2020.

The assessment was launched in 2016 with the goal of encouraging UK-listed firms to advertise extra girls to their boards and into senior management positions.

On 11 January girls held 34.3% of board roles throughout the FTSE 350, in accordance with information gathered by BoardEx, up from 30.6% in 2019.

The variety of girls on the boards of these firms has risen from 682 to 1,026 throughout the 5 years of the Hampton-Alexander assessment, named after the 2 enterprise folks appointed to guide the inquiry on the time of its launch – Sir Philip Hampton, a former chairman of the Royal Financial institution of Scotland and GlaxoSmithKline, and the late Dame Helen Alexander, a former chief government of the Economist.

Nonetheless, the assessment has fallen barely in need of its second objective of reaching 33% illustration of girls in FTSE 350 management groups. The proportion of girls in these management roles – who’ve locations on an government committee or instantly report back to the manager committee – reached 29.4%, up from 28.2% a 12 months earlier.

Though Hampton-Alexander targets have at all times been voluntary, nearly two-thirds of FTSE 350 firms have reached the objective of 33% of board positions held by girls.

Numerous companies have exceeded gender equality targets, together with drinks firm Diageo, maker of Guinness and Smirnoff, and water firm Severn Trent. Each companies have extra girls represented on their board than males, a primary for the main FTSE 100 index, with 60% feminine illustration at Diageo, and 55.6% at Severn Trent.

Severn Trent can be a part of a choose group of 4 firms within the FTSE 350 which have each a feminine chief government and chair. Fellow water firm Pennon Group, and the insurance coverage companies Admiral Group and Direct Line Insurance coverage Group are additionally led by two girls.

Nonetheless, there are nonetheless 16 firms out of 350 which solely have one lady on their board, so-called “one and completed” companies, though this can be a huge enchancment on the 116 firms which solely had one feminine board member in October 2015.

Sir Philip Hampton, chair of the assessment, hailed the “wonderful progress for ladies leaders in enterprise” during the last decade, however he warned that companies have to recruit and promote girls to high government roles “to maintain the modifications made”.

There’s a “full to overflowing” provide of succesful and skilled girls, stated Denise Wilson, chief government of the assessment.

“It’s now for enterprise to completely utilise a expertise pool of educated, skilled girls, to their very own profit and that of the UK economic system,” Wilson stated.

Regardless of the progress made throughout the 5 years of the assessment, progress in feminine illustration on the highest ranges of British enterprise stays “fragile and gradual”, stated Ann Cairns, government vice-chair of Mastercard and international chair of the 30% Membership, which campaigns for not less than 30% feminine illustration on boards and government committees.

“There are solely 17 feminine CEOs throughout all 350 firms,” Cairns stated. “Towards the backdrop of Covid-19 and its disproportionate impression on girls, it’s vitally necessary for firms to put money into their pipeline of feminine managers and leaders. Range is sweet for enterprise and it’s key to constructing again higher.”

Number of FTSE 100 female directors rises by 50% in five years