Improving gender balance in FTSE leadership
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.
Although gender balance on FTSE Boards has undergone a significant shift in the last five years, it is clear there is still more work to do and to sustain progress, appointing more women in leadership roles below the Board, remains the complex and longer-term challenge.
The Review will continue the voluntary business-led approach, joining all stakeholders together in action to improve the number of women on FTSE Boards and in leadership positions.
The Review aims to ensure business benefits from a balance of different perspectives and recruitment practises are based on skills, experience and performance, enabling women to play a full role at the top of British business.
We will continue to build on progress made in recent years, driving FTSE Boards to achieve the 33% target by the end of 2020. The new focus will be to improve the number of women in leadership positions, particularly on the Executive Committee and direct reports to the Executive Committee in FTSE 350 Companies. We anticipate publishing our first report and recommendations in November 2016.
Sir Philip Hampton
“It is clear that gender balance on FTSE boards has undergone a dramatic shift in recent years and this progress continues. However, we must significantly increase the number of women in senior leadership roles if we are to harness the skills of women for the benefit of business and the UK economy.”
Where we are now
Women on FTSE 100 Boards
“There are already many excellent initiatives underway to increase the number of women in leadership, we need to build on these, keep business focused and ensure all stakeholders play their part.”
“I profoundly feel that companies have to be grounded in society in a way that they sometimes forget, and maybe this is part of that. Where companies and society part company you have got a very perilous state for business, and capitalism if you like, so that maybe you’ve just got to stand up and say it’s the right thing to do so we will just do it.”
- FTSE Chairman
“Having seen around 550 women appointed to the boards of FTSE 350 companies since 2011, there is now clear evidence the voluntary business-led approach is working, with a fundamental cultural change taking place at the heart of British business.”