Denise Wilson
Davies Steering Group & Independent NED (slides by kind permission of Cranfield University)
THE DAVIES REVIEW – THE IMPORTANCE OF EXECUTIVE RECRUITERS TO SUCCESS
7 (21)
all-male boards
93 (79) boards with
women
Women on FTSE 100 Boards2013 compared to 2010
FTSE 100 and FTSE 250 Comparison
At March 2013 FTSE 100 FTSE 250
Female-held directorships 194 (17.3%) 267 (13.3%)
Female executive directorships
18 (5.8%) 32 (5.4%)
Female non-executive directorship
176 (21.8%) 235 (16.6%)
Composition of Boards 2013
Female FTSE 100
2013 2012 2010 2009 208 2004 1999
Total FTSE 100 NEDs
805 781 751 748 763 712 610
Total FTSE 100 EDs
307 305 325 330 353 418 645
Total FTSE 100 Directorships
1112 1086 1076 1078 1116 1130 1255
New Appointment ratios
Female FTSE 100
Mar 2013
Sept 2012
Mar 2012
Sept 2011
New female appointments
19 26 21 21
New male appointments
55 33 54 72
Total new appointments
74 59 75 93
Female % of new appointments
25.74% 44.1% 28.0% 22.5%
Predicting Future Percentagesof FTSE 100 Women on Boards
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 202010.0%
12.0%
14.0%
16.0%
18.0%
20.0%
22.0%
24.0%
26.0%
28.0%
30.0%
32.0%
34.0%
36.0%
38.0%
40.0%
42.0%
44.0%
46.0%
48.0%
50.0%
Future % of Women on Boards
% Women directors EDs & NEDs
FTSE 100 NED women: 1/3 new appointments
Year
% o
f W
om
en o
n B
oar
ds
FTSE 100 Female Executives
Year Executive Committee Member
Executive Board Directors
2007 122 (16.3%) 13 (3.6%)
2008 139 (13.0%) 17 (4.8%)
2009 175 (18.1%) 17 (5.2%)
2010 161 (17.2%) 18 (5.5%)
2013 176 (15.3%) 18 (5.8%)
Female Representation by Role on FTSE 100 Executive Committees
Regional/Divisional MD/CEO
Marketing/Sales
Corp. Strategy/Bus. Development
Co. Secretary/Counsel
Communications/Corp. Affairs
Human Resources
8.9%
30%
22%
17.9%
52%
40%
Individuals Internally Promoted toExecutive Committee
48%
Female
62%
Male
+ 29%(SignificantDifference = 6.2P = .01)
Women Leaving is not the main Problem
7%
6%
17%
12%
24%
21%
22%
10%
22%
13%
8%
7%
13%
14%
18%
21%
21%
20%
24%
21%
Law Firms Accounting/Consulting Firms
(Equity) Partner
Non-Equity Partner/Associate Partner
Senior Associate/Manager
AssociateConsultant
Trainee/Analyst
Average attrition rates for men and women 2009 -11Women
Men
Source: 30%Club/McKinsey 2012 10
….but Promotion is
Source: 30% Club/McKinsey 2012
11
EU Directive could affect up to 950 UK companies
A turnover of more than €50million and/or more than 250 employees
433 Additional Listed Companies
Number of WoB Percentage WoB
Female-held directorships 215 7.6%
Female executive directorships
60 5.2%
Female non-executive directorships
155 9.2%
Average board size 6.5