Warren Partners is one of only 13 executive search firms to have qualified this year under the Enhanced Code of Conduct in the latest Hampton-Alexander Review. These are the firms in the UK that are currently appointing more women than most to British boards and working hard to improve gender balance at the top. Warren Partners has been accredited every year since the Hampton-Alexander Review was launched in 2015.
The review shows that the overall proportion of women on FTSE 100 boards has increased from 12.5% in 2011 to 30.2% in 2018 (a total of 317). But while 38 companies now have more than 33% women on their boards, the overwhelming majority of these are Non-Executives and there are still only 26 female Executive Directors across the entire FTSE 100.
Warren Partners accreditation is in the ‘Beyond FTSE 350’ category, for their role in developing the pipeline of current and future board candidates.
Commenting on the Hampton-Alexander Review, Joëlle Warren, the Founding Director of Warren Partners said: “It’s great to see the FTSE hitting 30% for the first time and being on track to meet the 33% target by 2020. But we have to ask what can be done to ensure a greater proportion of Chief Executives and Chairs – there are only 22 female Chairs compared to 328 men in the FTSE350, which highlights a need for further change.”
Adds Managing Director, Vicky Lawton: “There is no doubt that progress has been made, but with a target for women to make up a third of FTSE 350 boards, executive committees and direct reports by 2020, we’re going to need to see a step change. Half of all the new appointments will need to go to women if we’re going to hit that target.”