Women on boards: one year on
Lord Davies has published the first annual progress report on his ground-breaking review of Women on Boards.
The report tracks the progress that has been made against each of Lord Davies’ ten original recommendations. His primary recommendation proposed that FTSE 350 boards should aim for a minimum of 25 per cent female representation by 2015.
Download the progress report in full (PDF, 389 Kb)
Since the review was published a year ago, the largest-ever annual increase in the percentage of women on boards has been seen. This reflects a growing recognition of the benefits gained by business, the economy and society by appointing more women to decision-making roles.
Lord Davies said:
“I believe that we are finally seeing a culture change taking place right at the very heart of British business in relation to how women are seen within the workforce.
“Some excellent work has taken place and I want to take this opportunity to thank the many Chairmen, Chief Executive Officers, business organisations, training providers, networks, journalists and individual business men and women whose commitment to this issue remains unstinting.
“However, I must also emphasise that efforts need to be ramped up and the speed of change accelerated if we’re to avoid Government interference.”
Lord Davies’ review was published alongside the Cranfield School of Management’s Female FTSE report, which looks at female board representation in FTSE 100 companies. It highlights that if the current momentum is maintained, a record 26.7% female board representation in FTSE 100 companies would be achieved by 2015.
Since the review was published a year ago, the largest-ever annual increase in the percentage of women on boards has been seen. This reflects a growing recognition of the benefits gained by business, the economy and society by appointing more women to decision-making roles.
Lord Davies said:
“I believe that we are finally seeing a culture change taking place right at the very heart of British business in relation to how women are seen within the workforce.
“Some excellent work has taken place and I want to take this opportunity to thank the many Chairmen, Chief Executive Officers, business organisations, training providers, networks, journalists and individual business men and women whose commitment to this issue remains unstinting.
“However, I must also emphasise that efforts need to be ramped up and the speed of change accelerated if we’re to avoid Government interference.”
Lord Davies’ review was published alongside the Cranfield School of Management’s Female FTSE report, which looks at female board representation in FTSE 100 companies. It highlights that if the current momentum is maintained, a record 26.7% female board representation in FTSE 100 companies would be achieved by 2015.
Links
- Press notice: Women on boards: one year on
- Full report Women on Boards: March 2012 (PDF, 389 Kb)
- Overview of Lord Davies’ review of women on boards
- Lord Davies' February 2011 report Women on Boards (PDF, 1.9 Mb)
- Women on Boards – 6 month monitoring report, October 2011 (PDF, 7.8 Mb)
URL:
http://www.bis.gov.uk/news/topstories/2012/Mar/women-on-boards-one-year-on
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NCRW is a network of leading university and community based research, policy, and advocacy centers with a growing global reach dedicated to advancing rights and opportunities for women and girls. We also have a Corporate Circle comprised of senior diversity professionals from leading U.S. and global member companies and a Presidents Circle of college and university leaders who share our commitment. NCRW harnesses the collective power of its network to provide knowledge, analysis, and thought leadership on issues ranging from reducing women’s poverty to building a critical mass of women’s leadership across sectors.
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