The Davies report (2015) recommended that FTSE 350 boards have at least 33% women on their boards by 2020. The Hampton-Alexander Review (2016) added the same 33% target for senior leadership roles (executive committee member and their direct reports) and also looked at the FTSE 100 and FTSE 250.
The latest Hampton Alexander Review (November 2019) reports that the number of women in the FTSE 100 executive pipeline rose to 28.6% in 2019, up from 27% in 2018. For the FTSE 250 there was an increase from 24.9% to 27.9%. When it comes to women on boards, the number now stands at 32.4% for FTSE100 companies (very close to the target), 29.6% for FTSE 250 companies and 30.6% for the FTSE 350 overall.
The Review states that “if this progress continues into 2020, our targets for Women on Boards will be met.” However, “we are still a long way from reaching the target for women in senior leadership roles below board level. Unless half of all appointments made this year go to women – our target for 2020 is not going to be met.”
UK energy sector:
Our own analysis shows that, as at Q1 2019, 42% of the UK’s top 80 energy companies have no women on their boards. Women still occupy only 16% of board seats (up from 13% in 2018) and 6% of executive board positions (no improvement on 2018).