The Hampton-Alexander Review had its regional launch recently at KPMG in Manchester. The event was hosted by Melanie Richards, KPMG’s Vice Chair, and was attended by Andy Burnham, Mayor of Greater Manchester and Sir Philip Hampton, Chair of the Hampton-Alexander Review. NWBLT member, Joëlle Warren MBE (Executive Chair, Warren Partners) along with Vanda Murray OBE (Chair of the Board, Marshalls plc) were part of a panel discussion during the evening.
The Review findings-
• Top 100 companies on track to meet target of women holding one third of board level positions by 2020
• All-male boards across FTSE 350 continue to fall from 152 in 2011 to 5 today
• But one in two appointments to boards for FTSE 350 firms must be women if the target is to be met
This, government-backed, Review urges FTSE 350 companies to do more to meet the target of a third of women in senior leadership positions by 2020. Figures in the Hampton-Alexander Review’s 2018 report, reveal the top 100 companies which make up the FTSE100 index are on track to hit the target with more than 30% of board positions occupied by women. This has risen from 12.5% in 2011. However, in the FTSE 350 almost one in four companies have only one woman on their board, and there remain 5 all-male boards. This means half the appointments to board positions will have to be filled by women over the next two years to hit the targets.
Chair of the Hampton-Alexander Review Sir Philip Hampton said: “Over 100 FTSE 350 companies have already achieved – or exceeded – the
33% target for women on boards, with a further 50 companies well on their way. I would like to thank the business leaders and stakeholders that have driven progress in recent years for their significant and collective contribution. At the same time, too many companies still have a long way to go. I am also delighted to see an increase in the number of women in the all important senior leadership roles and companies working hard for some time now, delivering clear results.”
Business Secretary Greg Clark said: “Many businesses have championed gender diversity, building on our modern Industrial Strategy’s ambition to ensure everyone can progress in the workplace. “If companies are not diverse they are missing out on the benefits that a diverse
workforce brings. Sadly, other companies are lagging behind and I want to see all of those companies do more to increase the number of women at the top.”
For the full report please click here
Please see below Joëlle Warren speaking about the importance of this issue:-