More women than ever are now sitting on the boards of Britain’s biggest companies, but the top jobs continue to be dominated by men, according to Mervyn Davies, author of Women on Boards, Davies Review Annual Report 2014. In the United Kingdom 20% of directorships are now held by women.
This is progress and we are moving in the right direction. “This puts the country on track to meet the UK Government’s target of having 25% of board positions filled by women by 2015” stated Mervyn Davies, Lord Davies of Abersoch, who is leading the UK Government’s efforts to improve boardroom equality in the latest report on progress to date.
The Independent quotes Lord Davies as saying “If you are a CEO and you don’t have gender diversity or diversity in general as a top issue then you’ve been asleep at the wheel for the last few years.” However the improving numbers mask a deeper issue. In terms of real influence, most women on boards (93%) are non-executive directors and the talent pool of women who have significant experience at very senior level is still relatively small.
More female Chief Executives and Chief Financial Officers are needed to really improve diversity in the boardroom. It then follows that the real focus needs to be on developing the talent pipeline to ensure enough women are ready and willing to take the top jobs in the future. Read more Independent March 2014