Hampton Alexander Review
The latest Hampton Alexander Review on gender equality within top management roles has just been published. It points to good progress having been made in the last 12 months to increase female representation on all FTSE Boards and leadership teams but acknowledges there is still some way to go.
Building on the study by Lord Davies
This second Hampton-Alexander Review FTSE Women Leaders report is supported by the government and gives further insight into the progression of leadership equality in the FTSE 350. It builds on the comprehensive study undertaken by Lord Davies (Women on Boards Davies Review 5 Year Summary October 2015) and has set targets for 33% of women to be on FTSE 350 Boards and 33% women in FTSE 100 leadership teams by 2020.
The report shows that FTSE 100 companies are on target with 27.7% of women on boards compared with 12.5% in 2011 and over a third of the FTSE 350 are already at 33% or more, or ‘on track’ to do so by 2020. However, a step change in pace is still needed with around 40% of all appointments needing to go to women over the next three years to achieve the 33% target.
Hampton Alexander Review Chief Executive, Denise Wilson OBE, commented: “The Review scope captures 23,000 leaders in 350 of Britain’s largest companies and extends down two leadership layers below the board. Despite overwhelming support for the direction of travel and an appetite to see faster progress, there is no doubt British business has been set a significant challenge.”
This is a very useful review to read in full or dip into and assess progress, insights and initiatives undertaken across all business sectors to improve gender balance in FTSE leadership. Highbank Communications can support you with strategic communications positioning to help you transform your performance and reputation from within, get in touch with us to review your needs.