2008 Female FTSE report launched – and shows an alarmingly slow rate of progress


The 2008 Female FTSE report was launched on 20th November, showing that the proportion of women directors of FTSE 100 companies has increased by less than 1% since last year.

The census of leading women in business, released annually by Cranfield School of Management, shows that the percentage of women directors has risen from 6.9% in 1999 to 11.7% in 2008 – an increase of just 0.7% since 2007. There are now a total of five female chief executives of FTSE 100 companies, with an additional three more divisional or regional CEO posts held by women.

The report, which is dedicated by the researchers to ‘all 1,877 women directors in the pipeline, still waiting to be appointed to seats on FTSE 100 corporate boards’, also shows that there are still 22 companies in the FTSE 100 with no female representation at all at boardroom level. Ethnic minorities are still underrepresented among the female FTSE 100 directors.

Notable progress can be seen in the number of companies with multiple women on the board: 39 companies have two or more women on their board, compared to 13 a decade ago; and whereas last year there was just one company with 30% representation (the turning point at which female representation has a significant impact across a set of corporate performance indicators), this year there are five companies.

In October 2008, Fawcett released ‘Breaking the Mould for Women Leaders: could boardroom quotas hold the key?’ a unique think piece to spark a passionate debate as part of the Fawcett led Gender Equality Forum. Chaired by BBC broadcaster Peter Day and hosted by BT Group, the debate saw some of the UK’s most progressive senior diversity practitioners from FTSE 100 and other top UK businesses including KPMG, Lloyds TSB, Barclays Wealth, come together with leading policy makers from the EHRC and the Government Equalities Office to identify radical responses to the sluggish rate of progress in moving women into leadership roles in UK business.

You can find out more about the Gender Equality Forum by following the link on the right.

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