Women in the boardroom: measuring progress

Women in the boardroom: measuring progress

Has there been an increase in the number of women in the boardroom since the beginning of 2014? Melanie Richards, partner in debt advisory at KPMG, discusses whether there has been any progress in addressing the gender imbalance in boardrooms.

Original news

Press Release: Women on boards—Cable launches enhanced code for executive recruiters, LNB News 01/07/2014 137

A new Enhanced Voluntary Code of Conduct for Executive Search Firms gives recognition to those firms which have been most successful in the recruitment of women to FSTE 350 boards. It builds on the terms of the standard voluntary code and will also recognise the outstanding efforts of search firms working to build the pipeline of FTSE board directors of the future.

What have been the key developments in 2014 concerning women on boards?

This year has seen the proportion of women on FTSE 100 boards pass the 20% barrier. According to data from Cranfield, 2014 will also go down as the year when significant progress was made tackling the gender imbalance among the non-executive director community.

These achievements have been made without resorting to quotas as the idea of ‘comply or explain’ seems to be galvanising organisations into action. Yet progress should not be mistaken for success. While Veronique Laury’s recent appointment as a CEO of a FTSE 100 company is great news, she is only the fifth female to reach this position. Attention needs to be focused on why t

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About the author:

Eleanor trained at Nabarro LLP and qualified in their Corporate team, where she worked on a wide range of corporate transactions and general company advisory matters. She also gained in-house experience on secondments to clients of the firm.

Eleanor’s specific experience includes advising on reductions of capital, striking-off and dissolution, public company takeovers (including by way of scheme of arrangement), general meetings of listed, unlisted and private companies, group reorganisations, share buybacks and private company share and asset sales and acquisitions.