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Latest report highlights further progress in the numbers of women on corporate boards

  • Corporate Governance  Image

13 Oct 2021

Cranfield School of Management has published 'The Female FTSE Board Report 2021' ('the report'). The report highlights that there has been further progress in terms of the number of women on corporate boards.

The percentage of women in FTSE 100 boards now stands at 38% and for FTSE 250 boards is 35%.  Both of these figures exceed the 33% target set by Hampton-Alexander.  However, there continues to be considerable variance across the boards. 21% of the FTSE 100 boards and 32% of FTSE 250 boards have yet to reach the 33% target.  The report also identifies that in contrast to the continuing progress of women in non-executive director roles, there has been no progress in executive roles across the FTSE 350. 

The key findings in the Cranfield report are:

FTSE 100:

  • The percentage of women on FTSE 100 boards stands at 38%.
  • 79 companies have now met the target of 33% women on their boards by the end of 2020.
  • There were 15 more directors across the FTSE 100 boards compared to the prior year with a slight decrease in the number of executive directors and an increase in the number of non-executive directors.

FTSE 250:

  • The progress of women on FTSE 250 boards parallels that of FTSE 100 boards.
  • The percentage of women on FTSE 250 boards stands at 35%.
  • 169 companies have now met the target of 33% women on their boards.
  • There are only 47 women holding executive roles.
  • Results were better in senior non-executive director roles where women accounted for 14% of Chair roles, 30% senior independent director roles and 37% were board committee chairs.  However the report indicates that 'there is still a long way to go'.

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