Cranfield University School of Management measures progress towards gender diversity on listed company boards
Lord Davies published his review of “Women on boards” (the Review) in late February 2011. The Review made 10 recommendations on what government and business could do to increase the number of women on listed company boards. We discussed the Review in this post.
Six months on, Cranfield has produced the first monitoring report (the Report) on progress made on the Review’s recommendations. The Report can be read here. The most eye-catching finding in the Report is that only 33 FTSE 100 companies have set targets for the percentage of women they aim to have on their boards, and only 17 of the FTSE 250 companies have announced board targets so far. This is despite the Review recommending that all Chairman of FTSE 350 companies should, by September 2011, set out the percentage of women they aim to have on their boards in 2013 and 2015.
Earlier this week the Financial Reporting Council set out the changes it will be making to the UK Corporate Governance Code in the light of the Review’s recommendations on gender diversity. We discuss those changes in this post.
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