The government will support a new five-year review to monitor women’s representation in the upper rungs of FTSE companies, namely The FTSE Women Leaders Review, and encourage firms to open up opportunities to everyone.
Business Minister Paul Scully said “UK business has taken great strides when it comes to gender diversity at board level, underlining the success of the government’s voluntary approach. Companies shouldn’t take their foot off the gas. Evidence shows that more diverse businesses are more successful businesses – the case is too strong to ignore.”
Earlier this year the final report of the government-backed Hampton Alexander Review, which ran from 2015 to 2020, found that its main target had been more than met, with over a third (34.3%) of FTSE350 board positions held by women.
This marked an increase of 50% over 5 years. The numbers of ‘one and done’ boards – with only one woman member – dwindled from 116 in 2015 to just 16 earlier this year.
Today, the new FTSE Women Leaders Review opened its online portal for FTSE companies to submit their gender diversity data. New leadership is currently being appointed to steer the review and take forward new targets over the coming years.
The Portal will remain open until Tuesday 30 November for companies to submit their data.
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