Cuts in executive pay taken since the coronavirus pandemic are mostly superficial or short...read more
The number of women coming through the ranks of FTSE 100 businesses has fallen by 4.1% in the last year, according to a new report.
The report from executive search company Spencer Stuart found the percentage of female non-executive representation grew by 10.7% over the same period.
Tessa Bamford of Spencer Stuart said: “We need to remove the unconscious bias against women that still exists in some quarters and make sure women in leadership roles aren’t set up to fail.”
Due to the increase in female NEDs, women on boards of FTSE 100 companies rose to a high of 29%. Women now hold 38.5% of all non-executive director [NED] positions and made up 43.2% of all NEDs appointed this year.
The report also found:
Meanwhile, research from executive search firm Egon Zehnder shows 75% of boardroom appointments are still going to men.