Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

FTSE firms still need more women bosses says new research

Published 15/06/2023, 14:53
© Reuters.  FTSE firms still need more women bosses says new research
UK100
-
LLOY
-
LGEN
-
CNA
-
TSCO
-
RIO
-
AAL
-
BDEV
-
ANTO
-
PSN
-
BLND
-
CPG
-
HSX
-
OCDO
-
FTAS
-
FTLC
-

Proactive Investors - The number of female FTSE board members rose in 2023 but there are still not enough women bosses at these companies, new research has found.

Some 40% of the 565 FTSE All-Share company directors are women, up from 36% last year.

Women working in senior positions such as chairs, chief executives, finance officers and senior independent directors has stagnated however, with just a tenth of these roles filled by females.

Company boards should be made up of 40% women and at least one female should hold a senior role, the rules of the Financial Conduct Authority state.

Even so, some 40 of FTSE 100 firms have failed to appoint a female to one of these senior roles, insight from campaigners Women on Board revealed.

Offenders include:

  • British Land Company PLC (LON:BLND)
  • Barratt Developments PLC (LON:BDEV)
  • Persimmon PLC (LON:PSN)
  • Centrica PLC (LON:CNA)
  • Lloyds Banking Group PLC (LON:LLOY)
  • Hiscox Ltd (LON:HSX)
  • Legal & General Group PLC (LON:LGEN)
  • Compass Group PLC (LON:CPG)
  • Ocado Group PLC (LON:OCDO)
  • Tesco PLC (LON:TSCO)
  • Rio Tinto PLC (LON:RIO)
  • Antofagasta PLC (LON:ANTO)
  • Anglo American PLC (LON:AAL)

Fiona Hathorn, chief executive officer at Women on Boards has welcomed the progress made by firms outside of the FTSE 350 to appoint female non-executive directors.

However, she added: “Just having women in non-executive director roles is not sufficient to have an impact on the executive pipeline … We don’t have the women’s strong voice in the boardroom.”

Read more on Proactive Investors UK

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.