Cranfield Female FTSE Board Report 2016

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The Female FTSE Board Report 2016

FTSE 100 Companies

TABLE 1: FTSE 100 DIRECTORSHIPS 2012-2016

2016

2015

2014

2013

2012

Female held directorships

279 (26.0%) 26 (9.7%) 253 (31.4%)

263 (23.5%) 24 (8.6%) 239 (28.5%)

231 (20.7%) 20 (6.9%) 211 (25.5%)

194 (17.3%) 18 (5.8%) 176 (21.6%)

163 (15.0%) 20 (6.6%) 143 (22.4%)

Female executive directorships

Female non-executive directorships

Total female directors (NED & ED)* 244

233

205

169

141

Companies with female executives 20

22

18 98

17 93

17 89

Companies with at least one female director Companies with at least 25% female directors Companies with at least 27% female directors Companies with at least 33% female directors

100

100

61

41

36

25

15

44

19

*The total number of female directors is lower than the number of female-held directorships because some women hold more than one directorship.

Sixty one companies in the FTSE 100 have now reached the 25% target, which was set for 2015. If companies are to reach the target of 33% by 2020 they need to be aspiring to 27% this year. Forty four companies in the FTSE 100 have met or exceeded this new target. In top place is Diageo with 45.5% women on their board, up from 35.7% last year. In second place are Next and Kingfisher, each with 44.4% women on their boards. Four new companies joined the FTSE 100 listing with over 27% women on their boards- Merlin Entertainments (33.3%), DCC (27.3%), Provident Financial (25.0%), and Relx Plc (30%). A number of companies rose significantly in the ranking, notably Hargreaves Lansdown (55 places), British Land (52 places), BHP Billiton (51 places), EasyJet (44 places), and BAE Systems (33 places). Last year we carried out a sectoral analysis of the FTSE 100 companies, giving examples of companies that had met the 25% target and examples of companies that had still not met it in each sector. Congratulations to the five companies who have now met or exceeded the 25% target in the past year. They are Compass Group, British Land, Intu Properties, EasyJet and Shire. 3.1.1 FTSE 100 COMPANIES WITH WOMEN IN EXECUTIVE ROLES The percentage of women in executive directorships has risen slightly to 9.7% in 2016. This year there are 26 women holding executive roles in 20 companies. Although there is a slight increase in the number of women, the number of companies with women in executive directorship roles has decreased from 22 in 2015. Six companies have two women in executive directorships. They are Capita, Kingfisher, Marks & Spencer Group, Next, Severn Trent, and Whitbread. To contextualize these figures: there are only 26 women in executive directorships against a total of 270 executive directorships across the FTSE 100, only 20% of FTSE 100 companies have any women in executive directorships and of the 50 new executive directorship appointments until June 2016, only six (12%) went to women. It is worth reminding ourselves that for the FTSE 100 companies to reach their target of 25% women on their boards by 2015 from a base of 12.5% in 2011, one in three new board directorships had to go to women. The pace of appointing women into executive directorships is clearly behind.