Recommendations & Progress

The FTSE Women Leaders Review set a target of 40% representation of women on FTSE 350 Boards and in Executive Committee and Direct Reports to be achieved by the end of 2025. The Review captures over 24,000 leadership roles in 350 of Britain’s largest listed companies making the UK’s voluntary approach to improving women’s representation at the top table, arguably the biggest and most ambitious of any country.

This next phase of the Review goes even further, with an increased focus on the most senior roles whilst extending the scope to include the top 50 largest private companies.

What are the FTSE Women Leaders Review Targets?

40%

  • Board positions to be held by women by 2025
  • Women’s representation on Leadership teams* by 2025

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*What is a Leadership team?

  • Leadership teams are members of the Executive Committee and those senior leaders who are Direct Reports to Executive Committee members.
  • If a company does not have an ‘Executive Committee’ or similarly named organisational structure, it should be the nearest equivalent and senior-most executive or managerial governing body that sits below the board, often chaired by the CEO or in the absence of this, the collective of employees who directly report to the CEO. This should exclude administrative and support staff.
  • The Executive Committee are responsible for managing and running a company. It typically comprises the Chief Executive, Chief Financial Officer and leaders of other key functions- including Legal and Operations.

Please refer to the FAQs for further information.

The Recommendations

There are 4 new Recommendations that have been announced to fuel further progress in this next phase:

  • The voluntary target for FTSE350 Boards & for FTSE 350 Leadership teams is increased to a minimum of 40% women’s representation by the end of 2025
  • FTSE 350 companies should have at least one women in the Chair, Senior Independent Director role on the Board and/or one woman in the Chief Executive Officer or Finance Director role by the end of 2025
  • Key stakeholders should continue to set best-practice guidelines or use alternative mechanisms to encourage any FTSE 350 Board that has not yet achieved the previous 33% target for the end of 2020, to do so
  • The scope of the Review is extended beyond FTSE 350 companies to include the largest 50 private companies in the UK by sales. The full list of private companies included in this year’s Review was announced in our press release on 1 November 2022.

Women on Boards – Progress So Far

Click here to see companies that met the target.

FTSE 100 – Women on Boards 2021 Journey

The FTSE 100 has again made good progress
during the year, with women’s representation now standing at 39.1%, up from 36.2% at the beginning of 2021.

On an individual company basis 85 FTSE 100 boards have met, or exceeded the prior 33% target, and almost half of all FTSE 100 companies now have 40% or more women on their board.

FTSE 250 – Women on Boards 2021 Journey

The FTSE 250 has similarly made good progress
during the year, with women’s representation now standing at 36.8%, up from 33.2% at the beginning of 2021.

Almost 200 boards (77%) have met, or exceeded the prior 33% target, and 92 FTSE 250 companies now have 40%, or more women on their board.

Executive Committee and Direct Reports Progress (as of 31 October 2021)

FTSE 100

FTSE 100 Executive Committee

FTSE 100 Direct Reports

FTSE 100 Combined Executive Committee & Direct Reports

FTSE 250

FTSE 250 Executive Committee

FTSE 250 Direct Reports

FTSE 250 Combined Executive Committee & Direct Reports

FTSE 100 Companies Already Achieving 40% – as of 31 October 2021

There are now 44 companies in the FTSE 100 that have reached, or exceeded the 33% target, which was set under the Hampton-Alexander Review to be achieved by the end of 2020. There are 15 companies that have met the latest 40% target, most of which started to address the shortfall of women in Leadership several years ago, and continue to lead the way.

Although the majority of FTSE 100 companies have made progress during the year, 54 companies, just over half are still below the former 33% by 2020 target. Several companies have only recently begun their efforts in earnest, and are now working hard to harness the skills of women, while others continue to make little progress.

FTSE 250 Companies Already Achieving 40% – as of 31 October 2021

There are now 65 companies in the FTSE 250 that have reached, or exceeded the 33% target, which was set under the Hampton-Alexander Review to be achieved by the end of 2020. Of the 30 companies that have already met the latest 40% target, most started to address the shortfall of women in Leadership several years ago, and continue to lead the way.

Although the majority of companies have made progress during the year, there remain 116 FTSE 250 companies still below the previous 33% target. Several companies have only recently taken action, recognising the progression of women in work, especially in Leadership, as a core and strategic business issue. In addition, it is one of increasing interest to Investors, customers, not to mention women themselves and the younger workplace demographic.