Women on Boards: Interesting FTSE 100 and FTSE 250 statistics

There are some interesting developments regarding women on boards on FTSE 100 and FTSE 250 companies since February 2011 when Lord Davies issued the Women on Boards report. According to a recent report by Professional Boards Forum BoardsWatch, there has been some improvement in numbers in both FTSE 100 and FTSE 250 companies. However, there are still gaps to fill to attain the 25 per cent benchmark set by Lord Davies. In the case of FTSE 100 companies, 66 more board seats are required to be held by women to achieve the 25 per cent target; for FTSE 250 companies, 202 more board seats are required to be held by women to achieve the 25 per cent target.

There are other interesting statistics:

Women directors: 19 per cent of FTSE 100 directors are women (up from 12.5 per cent in February 2011). 14.9 per cent of FTSE 250 directors are women (up from 7.8 per cent in February 2011).

All-male boards: Only six per cent of FTSE 100 companies have all-male boards (down from 21 per cent in February 2011). On the other hand, 20.4 per cent of FTSE 250 companies have all-male boards (down from 52.4 in February 2011).

Recent board appointments: 25 per cent and 36 per cent of board appointments on FSTE 100 and FTSE 250 companies respectively since 1 March 2013 have been women.

Obviously, some progress is being made towards the attainment of the 25 per cent target by 2015. This underscores the superiority of the voluntary approach to board diversity. Nonetheless, there is still work to be done to hit the target.

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