Investment Week | Board gender parity delayed to 2059 at current pace
13th November 2017 44 seconds read
The Hampton-Alexander Review finds more women on boards, but most are non-execs.
The good news is that FTSE100 companies are moving in the right direction and this year’s report finds that 27.7% of those sat on boards are now women, compared with 12.5% in 2011. However, for the FTSE 350 to hit the target set by the Hampton-Alexander review – for women on boards to reach 33% by 2020 – almost one in two, or around 40% of all appointments, need to go to women over the next three years. But the quality of these appointments must also be taken into account and we need to start looking at increasing the number of executive appointments, as opposed to just non-executive appointments.
‘Green Park’s annual Leadership 10,000 report found that the number of FTSE100 female executive directors has actually decreased across the index this year and now sits at under half of the total number of female non-executive directors,’ says Raj Tulsiani, CEO of Green Park.
This article was published in Management Today on Thursday 9th November 2017. For the full Management Today article, click here.