This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-34663119
The article has changed 8 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Women now on 25% of FTSE boards but more needed, says report | |
| (about 7 hours later) | |
| The UK's top companies have reached a "major milestone" in increasing the number of women in their boardrooms, but more needs to be done, a new report is expected to say. | The UK's top companies have reached a "major milestone" in increasing the number of women in their boardrooms, but more needs to be done, a new report is expected to say. |
| FTSE 100 companies have now met a voluntary target of 25% women board members, says the report's author, former trade minister Lord Davies. | FTSE 100 companies have now met a voluntary target of 25% women board members, says the report's author, former trade minister Lord Davies. |
| But he says this should now be replaced by a new target of 33% of women board members at FTSE 350 firms by 2020. | But he says this should now be replaced by a new target of 33% of women board members at FTSE 350 firms by 2020. |
| His full report is due out later. | His full report is due out later. |
| Lord Davies said there had been a "steady and sustained increase" in the number of women serving on FTSE boards since 2011, when they made up 12.5% of board members at companies listed on the 100-share index. | Lord Davies said there had been a "steady and sustained increase" in the number of women serving on FTSE boards since 2011, when they made up 12.5% of board members at companies listed on the 100-share index. |
| He cautioned against the introduction of legally enforced quotas to guarantee a female presence on boards, describing them as "unwarranted". | He cautioned against the introduction of legally enforced quotas to guarantee a female presence on boards, describing them as "unwarranted". |
| 'Significant effort' | 'Significant effort' |
| The progress made so far provided "clear evidence that the voluntary, business-led approach is working", he said. | The progress made so far provided "clear evidence that the voluntary, business-led approach is working", he said. |
| Lord Davies said the next five years should see "substantive and sustainable improvement in women's representation on boards of FTSE 350 companies". | Lord Davies said the next five years should see "substantive and sustainable improvement in women's representation on boards of FTSE 350 companies". |
| "Following five years of significant effort on the part of the biggest FTSE boards, all FTSE-listed companies should be taking action," he added. | "Following five years of significant effort on the part of the biggest FTSE boards, all FTSE-listed companies should be taking action," he added. |
| The government has already said it plans to bring in a target to include women on the boards of all the UK's top 350 companies. | The government has already said it plans to bring in a target to include women on the boards of all the UK's top 350 companies. |
| This will come as part of a series of "equality-boosting measures" which it hopes to introduce in the first half of 2016. | This will come as part of a series of "equality-boosting measures" which it hopes to introduce in the first half of 2016. |