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 mentioned every year since the Hampton-Alexander Review was launched in 2015 and was particularly commended for being at the forefront in helping boards achieve gender balance beyond the FTSE 350.
The 2019 review shows that women now hold 32.4%of all FTSE 100 board positions, up from 30.2% last year and only 12.5% in 2011. The FTSE 100 is very close to meeting the 33% target for Women on Boards and will do so ahead of the 2020 deadline. In the FTSE250, women hold 29.6% of all board positions, up from 24.9% last year and only 7.8% in 2011.
Together, these figures represent the strongest year of progress for board representation since the review was set up. However the review’s chairman, Sir Philip Hampton, pointed out that strengthening the number of women in executive positions is critical to achieving long-term gender balance. “Unless half of all appointments made this year go to women, our target for 2020 is not going to be met,” he said.
Only 28.6% of executive leadership roles across the FTSE 100 were filled by women when data was collected in the summer, while the figure for the FTSE 250 was 27.9%.
Commenting on the Hampton-Alexander Review, Joëlle Warren, the Founding Partner & Executive Chair of Warren Partners said: “It’s great that the target of women holding a third of board positions is likely to be met ahead of schedule in the FTSE 100 and the FTSE 250 if the progress seen this year continues, but we can’t avoid the fact that there are still too few women in executive board positions and that there still isn’t a big enough pipeline of women in senior leadership positions. So we still need to aim higher.”
Adds Managing Partner, Vicky Lawton: “The review is absolutely right to identify the steps firms need to take in order to build inclusive cultures by encouraging people to speak up and listen hard, closing pay gaps proactively, providing flexible working, creating welcoming environments and challenging the status quo.”