30% Club celebrates strong progress in female additions to boards
12th January, 2012
The 30% Club applauds the encouraging progress made over the last nine months with almost 100 boardroom appointments being filled by females*. Since March 2011, 98 appointments across FTSE 100 and 250 boards have been women, resulting in 14.9% of all FTSE 100 boards now being female. 10 all-male FTSE 100 boards still exist but this is a sharp fall from 21 in 2010. Although still lagging behind, a quarter of FTSE 250 board appointments since 1 March 2011 were women.
Helena Morrissey CBE, CEO of Newton Investment Management and Founder of the 30% Club, said:
“We are encouraged to see that steady and significant progress is starting to be made. Gender balance on boards not only encourages better leadership and governance, but diversity further contributes to better all-round board performance and business decisions.
“We have seen the figure of women on boards rise from 12.5% in 2010 to almost 15% during 2011. We hope that this momentum of change will continue at a similar pace and encourage all FTSE companies to reach the expected 25% and desired 30% target by 2015.”
The 30% Club will increase its reach this year with added impetus and initiatives targeting shareholders, global institutional investors and the headhunting community. The first event of the year will see some of the top institutional investors come together for the 30% Club Investor Seminar on Board Effectiveness: “Why Diversity Matters” on 24th February.
*The Professional Boards Forum, January 2012 – http://www.boardsforum.co.uk/boardwatch.html