The report tracks the progress that has been made against each of Lord Davies’ ten original recommendations. His primary recommendation proposed that FTSE 350 boards should aim for a minimum of 25 per cent female representation by 2015.
Since the review was published a year ago, the largest-ever annual increase in the percentage of women on boards has been seen. This reflects a growing recognition of the benefits gained by business, the economy and society by appointing more women to decision-making roles.
Lord Davies said:
“I believe that we are finally seeing a culture change taking place right at the very heart of British business in relation to how women are seen within the workforce.
“Some excellent work has taken place and I want to take this opportunity to thank the many Chairmen, Chief Executive Officers, business organisations, training providers, networks, journalists and individual business men and women whose commitment to this issue remains unstinting.
“However, I must also emphasise that efforts need to be ramped up and the speed of change accelerated if we’re to avoid Government interference.”
Lord Davies’ review was published alongside the Cranfield School of Management’s Female FTSE report, which looks at female board representation in FTSE 100 companies. It highlights that if the current momentum is maintained, a record 26.7% female board representation in FTSE 100 companies would be achieved by 2015.
Business Secretary Vince Cable said:
“This report provides real evidence that business is taking the issue of board diversity seriously and is voluntarily working to bring about the necessary changes. It demonstrates why we do not support the notion of quotas and why we think it would be inappropriate for Europe to impose them.”
|Women on Boards: One Year On (BIS report)|
|As of the end of February 2012, within the FTSE 100:|
|Within the FTSE 250:|
|Female FTSE 2012 (Cranfield Report)|
- Press notice: Women on boards: one year on
- Full report Women on Boards: March 2012 (PDF, 1.8 Mb)
- Overview of Lord Davies’ review of women on boards
- Lord Davies’ February 2011 report Women on Boards (PDF, 1.9 Mb)
- Women on Boards – 6 month monitoring report, October 2011 (PDF, 7.8 Mb)
Or contact Karen Perkins at www.karenperkinslifecoach.co.uk