In 2019, the Review saw the strongest progress to date for Women on Boards with the FTSE 100 almost at one third women directors and the FTSE 250 not far behind. Progress to increase the strength of representation of women in top executive positions is taking longer but there is clear evidence of progress with 5764 women in senior leadership positions across the FTSE 350 and a decrease in All-Male Executive Committees. There continues to be slow progress for women holding the Chair and CEO roles but a strong foundation has been built and it is expected that the low percentage of women in these roles will improve in the coming years.
In 2018, the Hampton-Alexander Review noted that the number of women on FTSE 100 boards exceeded 30% for the first time, there were more women on the boards of FTSE 250 companies, and women on FTSE 100 Executive Committees passed 21% for the first time. Despite an ever-increasing pool of women with substantial board experience, the number of women in FTSE 350 Chair roles remained relatively flat and the number of women in CEO roles was lower than in the previous year’s reporting. It was highlighted that a sharper focus is needed to understand what is happening in the appointment process for these top jobs.
In 2017 the Review extended the 33% target for Executive Committee and the Direct Reports to the Executive Committee to the FTSE 250. The results published in the 2017 report highlighted that while progress was being made, a step change was needed in pace. With just less than a third of FTSE 350 leadership roles going to women in the year, this was falling short of the appointment rate required to reach the 33% target by 2020. It set the ambition that almost one in two or around 40% of all appointments need to go to women over the next three years to achieve the 33% target.
2017 Report Launch
Reaction to the 2017 Hampton-Alexander Report at the launch event
Views from steering group members at the launch of the 2017 Hampton-Alexander Report
In 2016 the Hampton-Alexander Review built on the success of the voluntary business led approach of the Davies Review for Women on Boards, extending the scope to include FTSE 100 Executive Committees and the Direct Reports to the Executive Committee. The 2016 Report launched a set of five recommendations targeted at FTSE CEOs, Government, investors and executive search firms. Read more about the progress made and the five recommendations in the 2016 report.