FTSE Women Leaders Review highlights early achievement of the 40% target for women on FTSE 350 boards

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06 Mar, 2023

The FTSE Women Leaders Review is an independent, business-led framework supported by the Government, which sets recommendations for Britain’s largest companies to improve the representation of women on boards and in leadership positions. The latest report highlights that FTSE 350 companies have met the 40% target for women on the boards of FTSE 350 companies three years ahead of the December 2025 target.

Following its predecessors, the Hampton-Alexander and Davies Reviews, the report tracks the progress for women in roles on the board and women in two layers of senior management below the board, in some of the UK's largest companies, spanning the FTSE 350 and also, for the first time in 2022, the largest 50 private companes by sales.  

The Review indicates that 40.2% (2021: 37.6%) of FTSE 350 board positions are now held by women and highlights that there has been a growth in the number of women SiDs and more progress in the Chair role where almost one in five FTSE 350 boards have a women Chair.    

For FTSE 100 companies, the number of women in leadership, that is the combined executive committee & direct reports, has increased to 34.3%, up from 32.5% last year. The FTSE 250 has also seen an increase in the representation of women in the executive committee and their direct reports rising to 33.0% (2021: 30.7%), with slightly more progress on the executive committee up to 24.4% from 21.7% from last year.  The target is to achieve 40% women representation in FTSE 350 leadership teams before 2025 - currently just over half of FTSE 100 and FTSE 250 leadership teams have met this or are well on their way to meeting it.  The report also indicates that there has been a rise in the representation of women on FTSE 350 executive committees although it highlights that there is still more to do in this area.  

With respect to the top 50 companies, the report highlights that progress has been 'encouraging in terms of willingness to participate in the review and actual progress'.  Combined women's representation in leadership is already at 34.3% and similar to FTSE 350 companies.

The full report can be found here

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