The Hampton Alexander Review is an independent review body which builds on the excellent work of the Davies Review to increase the number of women on FTSE boards and with an important new focus to improve women’s representation in senior leadership positions.
In 2011 women held only 12.5% of board positions in the FTSE 100, compared with 27.7% of women on FTSE 100 boards today and in the FTSE 350, there remain only 8 All-Male boards – a significant reduction from the 152 All-Male Boards in 2011.
This year, almost all FTSE 350 companies in scope provided data about the gender balance in their senior executive teams.
However, the latest report, published in November 2017, shows there is still a way to go.
The number of women in FTSE 100 Executive Committees and their Direct Reports remains static. Robust action is needed NOW if we are to meet the 33% target for women in senior leadership positions by 2020.
Even though women form over half of our university students and make up just under half of those who are economically active, they remain significantly under-represented in board-level and senior executive positions.
While we are moving forward, it is too slow.
The key recommendations
- 33% target for women on FTSE 350 Boards by the end of 2020;
- 33% target for women on FTSE 100 Executive Committees and Direct Reports to the Executive Committee on a combined basis by 2020;
- FTSE 350 companies to increase number of women roles of Chair, Senior Independent Director and into Executive Director positions on their boards.
Sir Philip Hampton has called on FTSE 350 companies to quicken the pace of change on boards and extended the 33% target to senior leadership positions of all FTSE 350 companies. Previously this voluntary target only applied to FTSE 100 firms. He said that at least 40 per cent of appointments to senior positions will have to be filled by women over the next three years if FTSE 350 firms are to hit the ambitious targets.