Monday, June 18, 2018

Something to Celebrate!

30% Club

The last few years in particular have seen a concerted push to get more women on the boards of FTSE 250 companies.

Companies with all male boards have been reassessed and it's not just about equality. Increasingly, the argument winning more female places on boards is that of the bottom line. Research has shown boards can benefit from a female presence. Whilst there are many stereotypes that can be drawn from the balance of gender and its affect on the success of a company, research has indicated that having women on the board means companies are less likely to make rash decisions which could potentially lead to huge losses.

So important has the issue been that the Government highlighted equality on boards and set a target that twenty five percent of board members of FTSE 250 companies be women by the year 2015. The Campaign group known as the '30 percent Club', which campaigns to get more women on boards had reason to celebrate recently. It announced that it had signed up more than fifty Chairmen to its campaign. This is being seen as a welcome change in attitude.

The figures for women on boards have increased since March this year. Female recruits have accounted for 44 per cent of FTSE 100 Director appointments and 40 per cent in FTSE 250 companies. These figures show us to be en route to achieving the Government target set by the Lord Davies Review. There are only a further 91 female appointments to be made to meet the Davies Review and 145 to meet the 30 percent Club's.

Theresa May, Home Secretary, commented that "the fact that over 50 chairmen are now supporting this initiative shows that diversity in the boardroom is increasingly becoming a mainstream idea. More women on a company's board is not just good for society; it's also good for that company's bottom line."

"An ever-growing number of businesses are realising this and voluntarily taking action. There is still a long way to go, but it's heartening to see the enthusiasm with which so many companies are embracing change and putting women at the heart of our economic future."

Share to Linkedin