Number of women executive members on FTSE 100 companies falls

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.

 

Women on Boards

 

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:

    • 57.8% of ExCos [executive committee members] have two or more female members, compared with 62%
      in 2017.
    • 15.7% of ExCos are all-male, up from 7.6% in 2017.
    • 36.6% of women on ExCos hold a non-executive directorship on another listed company. This is a 93.7% increase from 2017.
    • 28.1% of women on ExCos are in HR roles.
    • Eight companies have four or more women on their ExCo; none of these companies
      had a female CEO or chair.
    • 10.2% of all ExCo members fall into the BME category, similar to the 2017
      figure of 10.6%.

Meanwhile, research from executive search firm Egon Zehnder shows 75% of boardroom appointments are still going to men.



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