Diversity and women on boards

The UK Government is keen to see more diverse boards and the issue of women on boards is one that has been considered both in the UK context and at European level. In February 2011, Lord Davies of Abersoch set a number of targets for boards of FTSE 350 companies, including that FTSE 100 boards should aim to have a minimum of 25 percent female representation by 2015. With that target largely achieved, the latest women on boards review, the Hampton-Alexander Review, is looking to increase female representation at the executive level of FTSE 350 companies. It recommends a voluntary target of a minimum of 33 percent women's representation on FTSE 350 boards by 2020 and also recommends that FTSE 100 companies should aim for a minimum of 33 percent women's representation across their executive committee and direct reports to the executive committee by 2020. In addition, the Parker Review Committee has recently recommended that each FTSE 100 board should have at least one director of color by 2021, and that FTSE 250 boards should meet this requirement by 2024.

Lord Davies’ reports

Changes to UK Corporate Governance Code

Other reports/developments

Recruitment firms’ code of conduct

European developments