Targets met

Women on FTSE boards up 50% in five years

Stephanie Bruce, CFO at Standard Life Aberdeen, and Alison Rose, CEO, NatWest (RBS)

A campaign to appoint more women to the boards of Britain’s biggest companies has been hailed a success after it achieved key targets.

More than a third (34.3%) of FTSE 350 board positions are now held by women, with the number of women on boards increasing by 50% over the last five years.

The data has been published in the final report from the government-backed Hampton-Alexander Review, which was launched in 2016 to encourage UK-listed companies to appoint more women to their boards and into senior leadership positions.

While men still dominate in the upper ranks of the UK’s top firms, in five years the Review has seen remarkable progress among FTSE companies.

In total, 220 of the FTSE 350 companies now meet the Hampton-Alexander target of having at least 33% of their board positions held by women – with the figure having quadrupled from just 53 in 2015, and there are no longer any all-male boards in the FTSE 350.

The FTSE 250 reached the Hampton-Alexander Review’s final target of women making up 33% of boards in December 2020.

This followed the FTSE 100 and FTSE 350, which achieved the milestone in February and September 2020 respectively.

The government said this highlighted the success of its voluntary, business-led approach.  

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