Women in the boardroom

Lord Davies published his initial report in 2011 on the subject of women on boards. The report suggested a voluntary business led approach be taken to increase the number of women on the boards of listed companies.
The initial report provided ten specific recommendations to achieve this objective. The first progress report was published in March 2012.
The second progress report highlights that there has been good progress by FTSE 350 companies in achieving the objective of increasing the number of women on their boards of directors. As at 1st March 2013, women accounted for 17.3% of FTSE 100 and 13.2% of FTSE 250 board positions. This represents an increase of 10.5% and 6.7% respectively from 2010.
Some of the recommendations in the report include:
• The fact that FTSE 350 chairmen should set out the percentage of women they aim to have on their boards in 2013 and 2015.
• The fact that FTSE 250 chairmen should also aim for a minimum of 25% of female board representation by 2015.
• Quoted companies should be required to disclose each year the proportion of women on the board in senior executive positions and female employees in the whole organisation.
The report suggests that the UK is on target to meet 25% minimum representation by 2015 for FTSE 100 companies. The results achieved to date show a clear march towards better female representation in the boardroom.