Uncategorized March 15, 2012

Number of board-level women rising, claims report

The number of women being appointed on the top boards of FTSE 100 firms has risen over the last 12 months.

The latest Cranfield Report, published today, suggests significant growth for women at board level - from 12.5 per cent last March to 15.6 per cent, cites BBC News. Furthermore, from the 190 appointments made in FTSE 100 boards, 47 were women.

The figures seem to be well on their way to hitting the 25 per cent by 2015 target set by the recommendations of Lord Davies last February.

It appears that women and their businesses are prospering in austerity when it comes to board level promotions but Liz Field, CEO of the Financial Skills Partnership, believes there is more work to be done to help women break through the glass ceiling.

She commented to Fresh Business Thinking: "While the increase in top board membership is clearly welcome, we believe that a lot more work could be done to help adjust the gender balance throughout company hierarchies, in particular at the level immediately below the one current reported on.

"Companies would do well to follow in the footsteps of the most progressive amongst them which - besides introducing better diversity monitoring and tailored development and mentoring programmes for women - are also trying to tackle the most deep-seated causes such as unconscious bias," she added.

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