On 25 March, Lord Davies published his fourth Annual Report on Women on Boards in the UK.
In the four years since Lord Davies' first report, the representation of women on FTSE 100 boards has increased to 23.5%, almost double the figure in 2011 of 12.5%. The representation of women on the FTSE 250 has more than doubled to 18%, up from 7.8% in 2011.
The Report findings include:
- There are now no all-male boards in the FTSE 100;
- There are 23 all-male boards in the FTSE 250, down from 131 all-male boards in 2011 and 48 in 2014;
- There are a total of 628 women board members across the FTSE 350, 263 women on FTSE 100 boards and 365 women board members in the FTSE 250;
- Companies are increasingly aware of the need to strengthen their own talent pipeline, particularly in the Executive layer just below board level; and
- UK companies continue to work towards the target of 25% of women on FTSE 350 boards by the end of 2015.
The position in Ireland is not as favourable. According to European Commission figures in October 2014, Irish women make up just 10.5% of board members of the largest publicly listed companies in Ireland, which is significantly below the EU average of 18.6%.