The number of women on FTSE 100 boards has reached 22.8%, according to the most recent Government figures.
In 2011, Lord Davies’ review set a target of 25% for women on FTSE 100 boards by 2015. At the time the figure was 12.5%. The Government figures show that most of the increase has come from non-executive directors, 27.9% of whom are now women. For executive directors, the figure is much smaller at just 8.4%. There are no all male boards – there were two in March 2014.
Thirty nine per cent of companies had achieved 25% or better with Diageo in the lead with 45.5%. Seven companies have fallen below the 25% mark since March 2014 when the previous report was published. Coca Cola has the lowest representation of women on its board at just 8%.
There are 17 companies in the FTSE 100 whose women’s representation figures have fallen in the last six months. The report also shows that there have been 27 new female appointments in the last 6 months; there were 33 in the previous six months. Some 31.8% of all new appointments went to women in the last six months, down from 35.5% in the previous six months.
The figures for FTSE 250 companies were also published. They show women now account for 17.4% of overall board directorships, up from 15.6% in March 2014 and 7.8% in 2011. Of this, women account for 22% of non-executive directorships and 5.1% of executive directorships. There are now 28 all-male boards in the FTSE 250, there were 48 in March 2014 and 131 in 2011.
Some 64 companies now have 25% or better women’s representation on their boards, up from 51 in March 2014. The report also shows that there have been 44 new female appointments in the last six months; there were 33 in the previous six months. Some 24.3% of all new appointments went to women in the last six months, down from 33.3% in the previous six months.