Women make up more than a third of all FTSE 350 board members for the first time, preliminary BEIS data shows

Women make up more than a third of all FTSE 350 board members for the first time, preliminary BEIS data shows

The Department for Business, Energy & Industrial Strategy (BEIS) has published preliminary data which shows that for the first time more than a third of board members across the FTSE 350 are women, meeting the Hampton-Alexander Review target of 33% women on boards by the end of 2020. However over 4 in 10 FTSE 350 companies have failed to reach the target to individually ensure women make up 33% of their board. Business Secretary Alok Sharma has therefore urged all these companies to meet the target by the end of the year.

In 2016, the government-sponsored Hampton-Alexander Review set a series of recommendations to increase the representation of women on boards, including a minimum 33% target for women on FTSE 350 boards by the end of 2020.

BEIS has published preliminary data which shows that, while the FTSE 350 as a whole has hit the Hampton-Alexander Review target, there are still 41% of FTSE 350 companies who have not yet hit the target. The preliminary data also reveals that 18 boards within the FTSE 350 remain 'one and done' boards (where companies appoint a single woman board member and go no further). There is one all-male board remaining (although that is a significant change from 2011, when there were 152 all-male boards in the FTSE 350).

A full set of data for all FTSE 350 companies will be available 'soon' according to BEIS and will be published on the Hampton-Alexander website.

Source: Women make up more than a third of all board members across the FTSE 350 for the first time

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