25 March 2015
The women on boards review finds that there are no all-male boards left in the FTSE 100, which is a first in the history of the London Stock Exchange.
Within the FTSE 250, there are still 23 all-male boards but progress has been made overall, as in comparison, there were 152 all-male boards in the FTSE 350 when the review began in 2011.
The percentage of women on FTSE 100 boards has risen to 23.5%, this is an increase from 22.8% in October 2014. This percentage encompasses both executive and non-executive directorships on FTSE 100 boards.
The number of female executive directors has risen to 24 (8.6%), which is an increase of six percentage points, from 18 women at 5.5% in 2011.
In comparison, the number of female non-executive directors has risen to 239 (28.5%), which is an increase of 122 percentage points, from 117 women (15.6%) in 2011.
Of all the FTSE 100 companies, Diageo and Intercontinental Hotels Group share the top spot with the most percentage of women on their boards at 45.5% – both boards have five female board members on a board of 11.
Lord Davies has commented on the review that he believes ‘British business is well on its way to achieving the 25% target by the end of the year’.
He adds that the work is far from done and that with continued action and focus, this can be sustained in the long term, stating that the next challenge is fixing ‘the low number of women Chairs and Executive Directors on boards and the loss of talented, senior women from the Executive pipeline’.