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All-masculine FTSE boards extinct as variety of ladies rises by 50% | trade counsel
The variety of ladies on the boards of high UK-listed firms has risen by 50% in 5 years however “significant progress” quiet must breathe made in management roles, a evaluate has create.
Progress made since 2015 too means there are actually no all-masculine boards within the FTSE 350, although there are 16 so-called “one and done” firms – with just one feminine consultant.
The government-backed Hampton-Alexander evaluate confirmed the variety of ladies on boards had risen from 682 in October 2015 to 1,026 in January this yr.
That represents a ascend from 21.9% of roles to 34.3%, acceptation a goal for at the very least a 3rd to breathe held by ladies has been met.
The memoir comes weeks after FTSE 100-listed Entain, the playing group whose manufacturers contains Ladbrokes, appointed its first feminine chief government, Jette Nygaard-Andersen.
That appointment took the variety of bosses of firms within the top-flight index of UK firms to simply eight.
The others are: Severn Trent’s Liv Garfield, Whitbread’s Alison Brittain, NatWest’s Alison Rose, GSK’s Emma Walmsley, Amanda Blanc of Aviva, Admiral’s Milena Mondini de Focatiis, and Susan Davy of Pennon.
The Hampton-Alexander memoir coated each the highest tier FTSE 100 and mid-value FTSE 250, collectively representing Britain’s largest listed firms by worth and collectively often called the FTSE 350.
It confirmed that solely 29.4% of management roles, outlined as members of an organization’s government committee or those that memoir to that committee, are ladies. That is an broaden from 24.5% in 2017, when this information was first level?headed.
Best FTSE 100 performer on this touchstone was Next, with 53.8% of management roles held by ladies, adopted by Burberry and AstraZeneca.
The variety of all-masculine FTSE 350 boards has fallen from 15 in 2015 to zero right now, whereas the variety of “one and done” boards has fallen from 116 to 16 over the epoch.
That group contains automotive maker Aston Martin, which had been the ultimate all-masculine board till it introduced a reshuffle on the stop of ultimate month.
The evaluate create 220 FTSE 350 companies now maintain boards made up of 33% of ladies or extra, up from 53 in 2015.
Just two FTSE 100 companies now maintain extra ladies on their board than males – Guinness maker Diageo with 60% and Severn Trent Plc with 55.6%.
The memoir stated: “stirring route, all businesses should breathe pushing themselves to strike beyond tokenism, and ensure plane more women are getting into the highest ranks.
“While ladies make up greater than a 3rd of these in senior management positions, the evaluate create that vital progress stays to breathe made on the very best government roles, reminiscent of CEO.”
Denise Wilson, the review’s chief executive, said: “The need of ladies within the boardroom is the place it began a decade in the past, and it is the area the place we maintain seen the best progress.
“But now, we necessity to gain the identical – if not more – gains for women in leadership.”
trade Secretary Kwasi Kwarteng stated: “FTSE companies hold made incredible progress in recent years, but we cannot become complacent in structure a society where everyone has an occasion to acquire on and succeed.”
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