FTSE 100 closer to female board targets
Study shows that 18 FTSE 100 boards include more than 25 perent female representation
By CFOWorld.co.uk | CFO UK | Published 00:00, 06 April 12
Eighteen FTSE100 company boards have more than 25 percent female representation, a study released on Thursday revealed.
A report by the 30% Club, which campaigns for greater female board representation, showed that female representation on boards stands at 15.8 percent.
Only ten FTSE 100 companies have an all-male board, down from 15 last year.
Diageo leads the way in board diversity, with 44 percent female representation, including its chief financial officer, Deirdre Mahlan.
There are similarly encouraging trends in FTSE 250 companies, with female board representation hitting 9.8 percent, up from 7.8 percent in the last study. However, 110 companies (44 percent) still have all-male boards, although this is down from 52.4 percent.
Jane Scott, a member of the 30% Club, said: "We are encouraged to see a steady rise in the number of female directors being appointed to FTSE boards. We still have a long way to go before we reach the 30% Club's aspirational target of 30% by 2015, but monthly improvement is being made.
"More importantly this is being done organically and without the introduction of quotas. Executive pipelines and succession planning still need a lot of investment but clear signs of progress are being seen throughout the industry and we expect to see this continue".
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