Britain’s top-listed companies have made additional progress on gender targets however nonetheless have too few ladies in senior management positions, a report has discovered.
The analysis, by Cranfield College of Administration, discovered the proportion of girls on FTSE 100 boards was at an all-time excessive, however concluded there nonetheless weren’t sufficient feminine chairs, chief executives and chief monetary officers.
Simply eight of the CEOs within the high 100 UK corporations had been ladies. However, this was the very best determine for the feminine FTSE board report because it was first printed in 1999.
The report, sponsored by EY and masking the 12 months as much as 20 July, discovered the broader group of FTSE 350 corporations had exceeded the voluntary goal of 33% ladies on all boards, set by the Hampton-Alexander overview. For the UK’s greatest 100 corporations on the FTSE 100 the determine was 38%, whereas for the medium-sized corporations on the 250 next-biggest corporations – the FTSE 250 – it was 35%.
On the FTSE 100, the drinks group Diageo was main, with ladies occupying 60% of board positions. The net grocer Ocado was lagging essentially the most, with solely 17% ladies on its board.
Simply over a fifth (21%) of FTSE 100 boards and 32% of FTSE 250 boards had but to succeed in the Hampton-Alexander goal of 33% ladies on their boards. “This highlights the downside to voluntary targets and prompts whether or not it’s time to make these targets necessary,” the report stated.
Alison Kay, EY’s managing associate for consumer service within the UK & Eire, stated the report raised the legitimate query – “the progress in government roles is definitely way more of an necessary metric than the variety of ladies on boards as a complete”.
The report really useful extra corporations prioritised succession planning and expertise administration on their board agenda to enhance the appointment of girls into government roles.
The share of feminine non-executive administrators on FTSE 100 boards was at an all-time excessive at 44%, with 14% ladies chairs, 25% ladies senior unbiased administrators and 35% ladies chairing board committees, the report discovered. Nevertheless, the proportion of feminine government administrators had flatlined for a second 12 months at 13.7% for the FTSE 100, and 11.3% for the FTSE 250.
Among the many UK’s high 100 listed corporations, 31 ladies maintain government roles in 27 corporations. Eight are chief executives, and 15 chief monetary officers or finance administrators.
The feminine CEOs are Alison Rose at NatWest Group, Emma Walmsley on the drugmaker GSK, Carolyn McCall on the broadcaster ITV, Alison Brittain at Premier Inn proprietor Whitbread, Jette Nygaard-Andersen on the sports activities betting agency Entain, Amanda Blanc on the insurer Aviva, in addition to Liv Garfield on the water firm Severn Trent and Mondini de Focatiis on the insurer Admiral – the final two corporations even have feminine chairs.