Women on Boards: Update
The appointment of women to the boards of top companies has improved since 2011 but has the rate of prgoress slowed down?
In 2010 Lord Davies was asked to examine the conditions under which women were appointed to boardroom-level roles at Britain’s top companies.
Tasked with identifying the barriers to womens’ progress Lord davies released his report Women on Boards in February 2011.
His latest report has shown that the kandscape has indeed changed and that the figures have been positive.
For FTSE 100 companies women now account for 17.3% of the board directors. In 2011 that figure was 12.5% and in 2010 just 10.5%
For FTSE 250 firms, women now make up 13.2% of board directors. In 2011 it was 7.8% and in 2010 that figure was 6.7%
So, in the last two years, since Lord davies first review was published, the number of women on boards has increased by 40%. Since he was originally commissioned to perform his analysis, it is an increase of 50%
In the past year, women have secured 34% of all FTSE 100 board appointments and 36% of FTSE 250 board-level posts.
In tandem with the latest results, the latest study from the Cranfield International Centre for Women has highlighted the fact that, whilst the rate of appointments of women to boards directly after the last Cranfield report in 2012 was "extremely encouraging", that level of progress has since dropped off.
Cranfield says that in the six months immediately after March 2012, when their last report was published, 44% of new FTSE 100 board-level appointments went to women. For FTSE 250 companies, that figure was 36%
In the last six months, those figures have fall to 26% and 29% respectively.
The original recommendation for improving the levels of directorships for women came about in Lord Davies’ repor
Lord Davies report urged FTSE 350 companies to raise the proportion of women on their boards to 20% this year and 25% by 2015.
Both Lord Davies’ 2013 report and the Cranfield School report say that this is still on course.