Bloomberg Law for HR Professionals is a complete, one-stop resource, continuously updated, providing HR professionals with fast answers to a wide range of domestic and international human resources...
Nov. 4—With more than a quarter of all board seats at Britain’s top 100 listed companies held by women–higher than the 2015 target–the U.K.’s largest firms should now aim for 33 percent by 2020, according to the government-commissioned report Women on Boards: 5 Year Summary, released Oct. 29.
The latest data show that women account for 26.1 percent of board positions in the top 100 listed firms, higher than the initial 25 percent goal set by the report’s author Lord Mervyn Davies in 2011. The U.K. now stands in sixth place internationally in the representation of women on corporate boards, and the number of all-male boards has fallen from 152 in 2011 to none in the FTSE 100 and only 15 in the FTSE 250.
The U.K. achieved this transformation through a voluntary code of conduct instead of through legislative quota regimes such as those introduced by most of the other top-ranked countries.
One of the report’s key recommendations was to increase within the next five years the voluntary target for women’s representation on Boards of FTSE 350 companies to a minimum of 33 percent.
“The UK's voluntary approach is working, so it's right that this report sets business a stretching new voluntary target,” Matthew Fell, interim chief policy director of the Confederation of British Industry, said in an Oct. 29 statement.
The report suggested businesses focus on increasing the number of women on companies’ executive committees and in senior-leadership positions.
“Less than one in 10 executive directorships in the FTSE 100 are held by women,” Institute of Directors Chairwoman Lady Barbara Judge said in an Oct. 29 statement, adding that it is vital not to “lose focus on getting women into executive and decision-making roles, as well as non-executive ones.”
To contact the reporter on this story: Ali Qassim in London at email@example.com
To contact the editor responsible for this story: Rick Vollmar at firstname.lastname@example.org
For more information on British HR law and regulation, see the U.K. primer.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)