1. Dr Ruth Sealy Cranfield School of Management The UK’s “Voluntary Business-led approach” to women on boards Women Economic Engagement, Dublin, April 29-30 2013

2. Lord Mervyn Davies: ex-trade minister, ex- Chairman of Standard Chartered Bank Extensive consultation meetings Online submissions Online survey 2,600+ responses Report March 2011 10 major recommendations Results by 2015 or quota threat The Davies Review and Report

3. Female FTSE Index 2010 – 2013 Female FTSE 100October 2010 March 2012 Sept 2012 March 2013 Female held directorships 135 (12.5%) 163 (15.0%) 191 (17.4%) 194 (17.3%) Female executive directorships 18 (5.5%) 20 (6.6%) 21 (6.7%) 19 (6.1%) Female Non-Executive Directorships 117 (15.6%) 143 (18.3%) 170 (21.7%) 176 (21.8%)

4. Women on Boards 2013 No. of All Male Boards DateNo of Boards with Women 21 March 2011 79 11 March 2012 89 6 March 2013 94

5. Female FTSE 1002010 Sept 2011 (6 mth) Mar 2012 (6 mth) Sept 2012 (6 mth) Mar 2013 (6 mth) New female appointments1821452619 New male appointments117721233355 Total new appointments135931685974 Female % of new appointments 13.3%22.50%26.7%44.1%25.8% Percentage of Directorships going to Women

6. Predicting percentages of WoB 2011 - 2020

7. FTSE 100 New Female Appointments Experience

8. FTSE 250…Catching up FTSE 250 Companies 20122013 Female-held directorships 189 (9.4%) 267 (13.3%) Female executive directorships28 (4.6%)32 (5.4%) Female non-executive directorships 168 (11.4%) 235 (16.6%) Companies with at least one female director 135 (54%)183 (73%) Companies with multiple female directors 47 (18.8%)68 (27%)

9. FTSE 100 Female Executives YearExecutive Committee Member Executive Board Directors 2007122 (16.3%)13 (3.6%) 2008139 (13.0%)17 (4.8%) 2009175 (18.1%)17 (5.2%) 2010161 (17.2%)18 (5.5%) 2013176 (15.3%)18 (5.8%)

10. Individuals Internally Promoted to Executive Committee 48% Female 62% Male

11. EU Directive could affect up to 950 UK companies A turnover of more than €50million and/or more than 250 employees 433 Additional Listed CompaniesNumber of WoBPercentage WoB Female-held directorships2157.6% Female executive directorships 605.2% Female non-executive directorships 1559.2% Average board size6.5

12. Challenges  Principles, not rules: “Comply or Explain”  No sanctions  Driven by the voluntary actions of the Davies Steering Committee  Driven by media coverage and peer pressure – less so for FTSE 250  Driven by the threat of legislative intervention

13. The Partnership Approach  Business: Chairmen, Heads of Diversity, Senior Women  Government: Equalities and Business, at the highest levels  Media – generous with time and information, lengthy conversations, changed the way the issue is reported. Has played a substantial part in moving debate forward.  Academia – we monitor and report constantly!