Equality News Update: Fewer women now serving on FTSE boards despite evidence of better performance

THE number of women on the boards of the UK’s biggest listed companies has decreased since last year, according to a new report.

It reveals that almost three quarters of PLC boards now have no women on their executive committees.

The annual Women Count report by the Pipeline, a company delivering female leadership programmes, said the number of FTSE 350 companies with no women on their executive committees had decreased since 2016, with eight more firms – a total of 262 – operating with all-male boards.

Founders of the organisation, which launched the Women Count last year, said the findings should act as “a wake-up call”.

Despite targets to ensure at least 33 percent of private board members across the UK are women, the Women Count 2017 found that only 16 percent of executive committee members were female, the same percentage as the 2016 report.

It also found that less than 10 percent of executive directors were women despite evidence showing that a higher proportion – those with at least 25 percent – of female executives could help nearly double profits.

It is claimed that if all companies in the FTSE 350 performed similarly to those with a higher proportion of female executives, those firms could have made a combined £5 billion.

The percentage of women on FTSE 350 executive committees in P&L [profit and loss] roles has also dropped from 38 percent to 35 percent and more companies have no women in executive P&L roles.

#EqNews #Scotland #GenderEquality #FTSE

http://thenational.scot/news/15402087.Fewer_women_now_serving_on_FTSE_boards_despite_evidence_of_better_performance/

Published by

lewisbainbridge

Information and Communications Assistant at Fife Centre for Equalities