The percentage of female directors appointed to FTSE 100 and FTSE 250 boards has slipped in the last six months.
Towards the end of 2012 there were 26 per cent and 29 per cent respectively, but this number falls way short of the 33 per cent target proposed by former UK government minister Lord Davies.
Business secretary Vince Cable said: “Some progress has been made in the last three years. However, the momentum appears to be slowing and there has been much less progress in [female] executive appointments at the top.”
These numbers suggest that companies, and only FTSE-listed ones, need to cast a wider net to recruit women to head up companies.
Blockages in the pipeline need to be removed and businesses must redouble their efforts to improve the recruitment and promotion of female employees.
As Cable said, the argument for women in the boardroom is clear – they bring fresh perspectives, ideas and more. It’s not just about equality, it makes good business sense.
Posted by the Secret Businessman