Professor Susan Vinnicombe OBE SAIS Global Conference on Women in the Boardroom September 20th , 2012 Women on FTSE 100 Corporate Boards – progression and position to date in the U. K. Professor Susan Vinnicombe OBE
Female FTSE Index 2008 - 2012 Female FTSE 100 Oct 2010 July 2012 Female held directorships 135 (12.5%) 185 (17.2%) Female executive directorships 18 (5.5%) 20 (6.6%) Female NEDs 117 (15.6%) 165 (21.3%) Women holding directorships 116 159 www.bit.ly/FemaleFTSEReport2012
Increasing Percentage of Directorships going to Women Female FTSE 100 12 mth to Oct 2010 12 mth to July 2012 New female appointments 18 45 New male appointments 117 138 Total new appointments 135 183 Female % of new appointments 13.3% 24.6% www.bit.ly/FemaleFTSEReport2012
Trajectory of Increase 2011 - 2020 www.bit.ly/FemaleFTSE2012
FTSE 100 New Appointments in 12 months to January 2012
Backgrounds of FTSE 100 New Appointees
Davies Report One Year On Davies Report has taken a multiple stakeholder approach to the issue of WoB: Chairmen and CEOs – Cross company chairmen mentoring scheme. Target of 25% set for FTSE 100 companies by 2015. Institutional Investors – 30% Club. Financial Reporting Council – New diversity requirements coming in October 1st, 2012. Executive Search Firms – Voluntary Search Code, July 2011. The Media – Regular reporting. The impact of the total commitment of Lord Mervyn Davies has been key, who has still reserved the option of quotas www.bit.ly/DaviesInterim
As Helena Morrissey reported in May 2012 the debate in the UK has moved from “Why are women good for boards?” to “How are we going to increase the number of women on boards?”
Brussels pushes 40% quota for women on big company boards By James Fontanella-Khan in Brussels Europe’s listed companies will be forced to reserve at least 40 per cent of their non-executive board seats for women by 2020 or face fines under a proposal being drafted by the European Commission. FINANCIAL TIMES TUESDAY SEPTEMBER 4 2012
SOURCE: Financial Times Monday September 10 2012