Denise Wilson Davies Steering Group & Independent NED (slides by kind permission of Cranfield University) THE DAVIES REVIEW – THE IMPORTANCE OF EXECUTIVE RECRUITERS TO SUCCESS
7 (21) all-male boards 93 (79) boards with women Women on FTSE 100 Boards 2013 compared to 2010
FTSE 100 and FTSE 250 Comparison At March 2013FTSE 100FTSE 250 Female-held directorships194 (17.3%)267 (13.3%) Female executive directorships 18 (5.8%)32 (5.4%) Female non-executive directorship 176 (21.8%)235 (16.6%)
Composition of Boards 2013 Female FTSE Total FTSE 100 NEDs Total FTSE 100 EDs Total FTSE 100 Directorships
New Appointment ratios Female FTSE 100 Mar 2013 Sept 2012 Mar 2012 Sept 2011 New female appointments New male appointments Total new appointments Female % of new appointments 25.74%44.1%28.0%22.5%
Predicting Future Percentages of FTSE 100 Women on Boards
FTSE 100 Female Executives YearExecutive Committee Member Executive Board Directors (16.3%)13 (3.6%) (13.0%)17 (4.8%) (18.1%)17 (5.2%) (17.2%)18 (5.5%) (15.3%)18 (5.8%)
Female Representation by Role on FTSE 100 Executive Committees Regional/Divisional MD/CEO Marketing/Sales Corp. Strategy/Bus. Development Co. Secretary/Counsel Communications/Corp. Affairs Human Resources 8.9% 30% 22% 17.9% 52% 40%
Individuals Internally Promoted to Executive Committee 48% Female 62% Male
Women Leaving is not the main Problem 7% 6% 17% 12% 24% 21% 22% 10% 22% 13% 8% 7% 13% 14% 18% 21% 20% 24% 21% Law Firms Accounting/Consulting Firms (Equity) Partner Non-Equity Partner/ Associate Partner Senior Associate/ Manager Associate Consultant Trainee/Analyst Average attrition rates for men and women Women Men Source: 30%Club/McKinsey
….but Promotion is Source: 30% Club/McKinsey
EU Directive could affect up to 950 UK companies A turnover of more than €50million and/or more than 250 employees 433 Additional Listed Companies Number of WoBPercentage WoB Female-held directorships2157.6% Female executive directorships 605.2% Female non-executive directorships % Average board size6.5