A new study reveals that while the corporate world is starting to make progress the goal to get more women into the boardroom as CEO’s is failing as progress is still very slow, even as more females are finding their ways onto the FTSE boards.
Lord Davies continues to insist that in the big business world of corporate Britain people are stepping up for the cal that he made almost three years ago now demanding that women get into the boardroom. However, evidence paints a different picture suggesting that any progress made towards getting a better gender balance is slowing down.
In just the last six months the percentage of female directors that have been appointed to positions with FTSE 250 and FTSE 100 boards has slipped down by more than a quarter. The data comes from a report conducted by the Cranfield International Centre for Women Leaders.
The decrease is much lower than the 33% increase that Davies’ expects to see by the year 2015. It also shows a slowdown in the rate of women getting into the boardroom which was sitting at about 44% previously.
Co-author of the report, Ruth Sealy, stated that the target set by Lord Davies for the FTSE 100 companies is still attainable, but only if the new appointments that women receive start to increase substantially now. At the moment about one out of every four stock market firms have managed to meet the target gender balance.
IN March of 2012 the amount of women on FTSE 100 boards managed to jump up from 10% to 15%, but since then it has only reached up to 17% in a year’s worth of time. This also suggests that the pace of women advancing is now reaching a plateau.