Thomson Reuters’ Practical Law UK recently published an extract from its upcoming trends report Annual Reporting and AGMs 2015, What’s Market Practice?, which to be published on November 24.
The extract gives an overview of progress made during the 2015 reporting season by FTSE 100 companies in achieving the voluntary target of at least 25% female board representation. (Unless otherwise stated, all data and analysis in this update derives from Practical Law What’s Market.)
As the 2015 reporting season comes to an end and alongside the just released report by Lord Mervyn Davies on women on boards, What’s Market has analyzed the progress made by FTSE 100 companies in achieving the voluntary target of at least 25% female board representation by 2015.
As at 16 October 2015, key findings included that:
- There had continued to be a steady increase in the number of female directors on FTSE 100 boards.
- 57 FTSE 100 companies met the voluntary target set by Lord Davies, compared to only 38 as at 14 October 2014.
- Of the 1,099 FTSE 100 board positions, 289 (26%) were held by women.
- 90% of the 289 female directorships were non-executive positions.
- Of the 275 executive positions across the FTSE 100, 30 were held by women.
“In the UK we have certainly made progress in gender diversity at board level,” said Susan Taylor Martin, President of Thomson Reuters Legal and Non-Executive director of Whitbread PLC. “However, the journey is by no means over. Not only do we need to continue to drive for greater female board representation, we also need to focus on the senior-executive level within companies, particularly at the operational level. This is crucial to create a pipeline for women to obtain those rare FTSE 100 executive board positions.”
The full version of the What’s Market trends report will be published in a few weeks and will consider key trends in relation to certain aspects of narrative reporting, the resolutions proposed and voting results during the 2015 reporting season.