Depth of Talent
Many said at the outset that supply would be an issue. There simply weren't enough experienced, capable women to fill the seats. This hasn't proved to be the case, with over 550 women newly appointed to boards of FTSE 350 companies. Without the efforts of all our stakeholders, many of the women recently appointed to FTSE boards, would still be waiting patiently in the wings for their rightful place at the top table.
The number of women appointed to Executive Directorships continues to edge up, with 8.6% of Executive Directorships held by women in October 2015, compared to 5.5% in 2011, against a backdrop of reducing Executive Director seats on UK boards.
Companies are increasingly aware of the need to strengthen their own talent pipeline, particularly in the Executive layer just below board level, with many embarking on excellent programmes during the year to retain, promote and harness the skills of women.
Britain needs to unleash the full extent of female talent. It is good for business, good for the UK economy and ensures our future competitive place in the global arena.
New Experience added to FTSE 100 Boards
Of the new women appointments made since 2011:
“When people ask me how it is being a woman at the head of a big business, I reply that it is no different for me as a woman, than it would be for a man. Any successful leader needs to be able to work closely with people, understanding their views, creating the right spark and making decisions. I believe corporate success is most easily achieved when the organisation and the senior team have a good mix of skills, backgrounds and experiences helping us thrive in our ever changing world”
- Liv Garfield
Profiling of Inspirational Women
Consultation findings from the 2011 Davies Review indicated the lack of female career role models acted as a barrier to women's progression. The low number of successful female role models often adds to stereotypes and reinforces perceived difficulties in rising up the corporate ladder. Organisations are encouraged to shine a spotlight on their talented women and encourage them to share their career stories and tips for success with women coming along behind them. One such report Inspirational Women in Business, highlights a number of inspiring business women at different stages in their careers, their views on leadership and provides advice and guidance to those women aspiring to senior business positions.
Cranfield Women to Watch
Organisations such as Cranfield University have profiled over 400 capable women through their 100 Women to Watch publications. KPMG are currently launching their extensive online database and profiling platform OnBoard for women ready to serve on British boards and Women on Boards UK, a specialist company focussed on developing women, now count nearly 10,000 aspiring women in their networks.
The Cranfield 100 Women to Watch supplement identifies 100 women who are currently or have recently been in executive positions on FTSE boards and other significant organisations, such as large non-listed companies, major charities or professional services. who in their opinion are poised and read for a board position. It is not an exhaustive or definitive list of the only talented women available for board positions; neither is it attempting to represent the best 100 women by dint of validated criteria; other lists do this in their respective fields. The aim with the supplement is to continue to highlight the broad and deep female talent pool for 'UK plc' to draw on, by showcasing different talent and, in so doing, to refute the myth that there is a limited supply of willing and able women to take on board-level accountability in UK listed companies.