Search Results for: women on boards

October 7, 2013

More women on UK boards welcomed, but business leaders urged to do more

by Sara Bean • Legal news, News, Workplace

Female representation on the UK’s top companies’ boards continues to increase according to new figures published today by the Professional Boards Forum (PBF). The statistics show that 19 per cent of directors are now female (up from 17.4% in May) and 24 per cent of board appointments since 1 March 2013 have been women. To meet the target of 25 per cent of board positions being held by women by 2015, as set out in the original report by Lord Davies published in February 2011, FTSE100 companies need to appoint 66 more female directors in the next two years. The news has been welcomed by business leaders and politicians who have resisted efforts by the EU to impose mandatory female quotas. More →

September 24, 2013

EU leads the world in representation of women on corporate boards

by Sara Bean • Legal news, News, Workplace

Equal rights legislation is largely seen as the best means of ensuring a more diverse workforce. However, when it comes to reaching the higher echelons of corporate life, opinion is divided on whether imposing mandatory quotas could do more harm than good in promoting gender equality. 2013 saw the highest change recorded to date in the average number of women on the boards of large EU corporations – due in part to the introduction of mandatory quotas. Although the third edition of “Breaking the Glass Ceiling: Women in the Boardroom,” from global law firm Paul Hastings LLP, found strong consensus in many countries to support women candidates, the debate over the best approach to increase representation continues. More →

March 7, 2023

Gender-balanced boards are more likely to push for improved company culture

by Neil Franklin • News, Workplace

The 30% Club, in partnership with board advisory specialists Lintstock, has today issued new qualitative analysis based on the engagement of male and female directors in 100 FTSE board reviews in a report Evidencing the Contribution of Gender Balance to Board Effectiveness. The survey claims to highlight the difference gender diversity makes to the running of corporate boards, with a significant finding that women are more likely than men to focus on emerging issues, notably company culture and employee development. In addition, female directors were also more likely to offer criticism and recommendations for improvement on both their own performance and their business activities. More →

March 5, 2020

UK outpaced by other nations when it comes to women in work

by Jayne Smith • News, Working lives

Despite holding firm in 16th place, the UK is being outpaced by greater improvements in female employment prospects in other OECD countries, according to PWC’s latest Women in Work Index, which analyses female economic empowerment across 33 OECD countries. While the UK performs above the OECD average and is second only to Canada when compared to other G7 economies, its position has barely budged since 2000 when it stood in 17th position, despite improving its performance across all five indicators. More →

August 15, 2019

Firms with a balance of men and women outperform male dominated rivals

by Neil Franklin • News

The share performance and other metrics of listed companies with a balance of men and women tend to be better than those of male-dominated rivals, according to a new report from Morgan Stanley. The report is based on Morgan Stanley’s HERS ranking, a new measurement the investment bank has developed to evaluate gender diversity at companies and its impact on performance. It determines the gender diversity of a company by factoring in the percentage of women on boards, in the executive and management team, and in the workforce generally. More →

November 2, 2017

Rise in gender and ethnic diversity to boards in finance sector, despite ‘closed shop’

by Sara Bean • Legal news, News, Workplace

Banking and finance companies within the FTSE 100 have increased gender and ethnic diversity at board level, but there remains a question over whether minorities can break through the glass ceiling, as many of the top roles in banking and finance companies (Chair, CEO & CFO) remain a closed shop for ethnic minority and female leaders. This is according to a new study from Green Park which claims the leadership pipeline, supplying the highest tier of management in FTSE 100 banking and finance companies, now features the highest level of ethnic minority talent in four years, including 15 percent of professionals with a non-white background compared with 5 percent of leadership pipelines for FTSE 100 companies overall and 6.5 percent in 2014. The banking and finance sector has also met the target set by Lord Davies that 25 percent of board members should be female. However, this has been updated by the Hampton-Alexander Review to a target of 33 percent by 2020, which suggests that banking and finance companies will still need to do more to increase the proportion of female leaders in their leadership pipelines.

June 7, 2017

More women in the boardroom worldwide, but progress remains slow ⁰

by Mark Eltringham • News, Workplace

Women are still largely under-represented on corporate boards worldwide, despite continued efforts to improve boardroom gender diversity, according to the fifth edition of Deloitte Global’s Women in the Boardroom: A Global Perspective publication explores the efforts of 64 countries to promote boardroom gender diversity. The report claims that women hold just 15 percent of board seats worldwide. These numbers show only modest progress from the 2015 edition of the report. In the UK, there are no quotas in place for women on boards, but 20 percent of board seats and 3 percent of board chair positions are held by women. Among companies that make up the FTSE 100, 26.2 per cent of board seats are held by women, more than double the 12.5 per cent recorded as recently as 2011. In that year, 21 FTSE 100 companies had all-male boards. That has now been reduced to zero, the Deloitte study shows.

August 16, 2016

Women struggling to reach senior executive roles in top US firms ⁰

by Sara Bean • Comment, News, Workplace

Progress for women in reaching the executive ranks within the UK’s FTSE 100 is too slow and the picture is less than inspiring on the other side of the Atlantic. A new analysis by Korn Ferry of the top 1,000 US companies by revenue finds the percentage of women in most executive positions is dramatically lower than their male counterparts. Across the most prominent executive job titles and several industries (consumer, energy, financial, life sciences, industrial, technology) an average of less than one quarter (24 percent) of the top leaders are women. The most senior post is held by the smallest percentage of women, with only 5 percent serving as CEO; 12 percent of CFO’s (Chief Financial Officer) are women; and 19 percent of women holding the CIO (Chief Information Officer) role across all industries. The CHRO (Chief Human Resources Officer) role is the only one where there is gender parity, with 55 percent of CHROs across industries being women.

July 8, 2016

Progress for women in executive roles remains disappointingly slow ⁰

by Sara Bean • Legal news, News, Workplace

As the news breaks that the UK is to have a female Prime Minister by the Autumn, it emerges that progress for women among executive ranks and in the executive pipeline remains slow. According to the latest Female FTSE Report, by academics at Cranfield School of Management, City University London and Queen Mary University London, while the percentage of women on FTSE 100 boards has increased to 26 percent and to 20.4 percent on the FTSE 250 boards this year, the rate of progress has slowed since the Davies closing report in October 2015. As a result board turnover rates have decreased and the percentage of new appointments going to women over the past six months is only 24.7 percent, the lowest since September 2011. This is short of the increase required to meet the 33 percent board target by 2020 as set out in the Davies report, requiring FTSE 350 board to have 27 percent by the end of 2016.

May 19, 2016

Where is the data for disability on boards – and do businesses care? ⁰

by Neil Barnfather • Comment, Legal news, Workplace

When it comes to diversity on boards, I would confidently say that disability comes in a poor fourth behind gender, age and ethnicity. It’s something I take a great interest in as a blind person, a senior executive who sits on boards and as a start-up champion. While acknowledging a limited perspective, over the years I have noted a lack of disabled representation at board level and when I joined the NonExecutiveDirectors.com recruitment platform, we had a conversation about this. The result was that the organisation and its partners decided to commission some research into the issue. The research involved the Office of National Statistics, EU Equality and Diversity Commission, Department of Business Innovation and Skills, leading academic experts in disability, in social policy and in work and employment, Trade Union Congress (TUC), business surveys, policy documents and more.

August 26, 2015

Women in full time work earn 22 percent less than men, claims study ⁰

by Mark Eltringham • Legal news, News, Workplace

Women managers are effectively working for free nearly two hours every day, according to a report into the gender pay gap from the Chartered Management Institute and Xpert HR. The report draws on a survey of 72,000 UK managers published which found that women working in full-time roles earn 22 percent less than men, which the authors claim means they are ‘unpaid’ for 1h 40m a day. According to the analysis of the data from the 2015 National Management Salary Survey, for men and women of all ages and in all professional roles the pay differential now stands at an average of £8,524, with men earning an average of £39,136 and women earning £30,612. In 2014, the gap stood at £9,069, or 23 percent. The difference rises to £14,943 for senior or director-level staff, with men earning an average of £138,699 compared to the average for women of £123,756.

August 14, 2015

Far from being on board, older women still face recruitment bias ⁰

by Sara Bean • Comment, News, Workplace

The news that the Davies review has met its 25 per cent target for female representation on boards, and is now considering setting a target that a quarter of executives at FTSE 100 companies should be female, has been met with approval by the Institute of Directors, which said it was right that the focus is on increasing the number of women in senior executive positions. But what about those further down the salary scale, where many older women struggle to even get a job interview? A recent study carried out by Anglia Ruskin University’s Lord Ashcroft International Business School shows that older jobseekers face widespread discrimination in the UK, with older female applicants more likely to experience bias than men. The study found no significant link between a company having a HR department or providing commitments to equal opportunities, and the level of discrimination it displayed.