Legal News From the IRP:
The Department for Business, Innovation and Skills (BIS) published the five year summary of the Lord Davies (Women on Boards) Review
The report originally set out to address the lack of women on corporate boards (only 12.5% in 2010) and to examine the obstacles preventing women from reaching these senior positions. It made recommendations as to how the imbalance should be addressed. One of the recommendations was for FTSE 100 companies to aim to have at least 25% female representation on corporate boards by 2015. There is an annual review of progress against each of the recommendations and this report is the fifth annual summary.
The report includes a finding that FTSE 100 companies have now achieved 26.1% female representation on corporate boards, with FTSE 200 companies achieving 19.6%. Also, whereas in 2011, 152 FTSE 100 companies had no women on their boards, there are now no all-male boards and only 15 in the FTSE 250 companies.