{"id":53312,"date":"2015-02-04T00:15:00","date_gmt":"2015-02-04T00:15:00","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=fd0c188459b731dc74c09bc5e798a51b"},"modified":"2015-02-04T00:15:00","modified_gmt":"2015-02-04T00:15:00","slug":"press-release-cable-reveals-most-improved-ftse-100-companies-appointing-women-to-their-boards","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=53312","title":{"rendered":"Press release: Cable reveals most improved FTSE 100 companies appointing women to their boards"},"content":{"rendered":"<div class=\"govspeak\">\n<p>Business must keep up the momentum for representation of women on their boards, according to Business Secretary Vince Cable, as he revealed the top 10 most improved companies.<\/p>\n<p>The results were revealed today (4 February 2015) at an event co-hosted with Lord Davies of Abersoch at Barclays, Canary Wharf. The event provided <abbr title=\"Financial Times Stock Exchange\">FTSE<\/abbr> chairs with the opportunity to network with a number of aspiring non-executive women, showcasing the extensive talent pool of capable women available to take up boardroom positions.  <\/p>\n<p>A new <a href=\"https:\/\/www.gov.uk\/government\/publications\/inspirational-women-in-business\">\u2018Inspirational Women in Business\u2019 report<\/a> has also been published alongside the candidates\u2019 event. The report highlights a number of inspiring business women at different stages in their careers and their views on leadership, and provides advice and guidance to those women aspiring to senior business positions.<\/p>\n<p>The top 10 most improved <abbr title=\"Financial Times Stock Exchange\">FTSE<\/abbr> 100 boards between 2010 and October 2014:<\/p>\n<ul>\n<li>Old Mutual<\/li>\n<li>Aggreko<\/li>\n<li>Glaxosmithkline<\/li>\n<li>Wolseley<\/li>\n<li>Land Securities Group<\/li>\n<li>Associated British Foods<\/li>\n<li>Capita<\/li>\n<li>Petrofac<\/li>\n<li>Weir Group<\/li>\n<li>HSBC<\/li>\n<\/ul>\n<p>Business Secretary Vince Cable said:<\/p>\n<blockquote>\n<p>Seeing the enormous progress made by these 10 top <abbr title=\"Financial Times Stock Exchange\">FTSE<\/abbr> 100 companies demonstrates that the UK\u2019s voluntary, business-led approach is working. Our target of 25% women on boards by 2015 is in sight. However, the threat of EU mandatory targets remains a reality if we do not meet it.<\/p>\n<p>Businesses must not take their foot off the pedal during the final stretch &#8211; if we are to avoid action from Brussels we must continue to demonstrate that our voluntary approach is the right one and is working.<\/p>\n<p class=\"last-child\">I congratulate those <abbr title=\"Financial Times Stock Exchange\">FTSE<\/abbr> chairs here today and those that have taken action to promote talented women, like those featured in our case study report published today. British businesses must keep up the momentum and alarm bells should be ringing in the ears of those <abbr title=\"Financial Times Stock Exchange\">FTSE<\/abbr> chairs who are not yet doing their bit to improve gender diversity.<\/p>\n<\/blockquote>\n<p>Lord Davies of Abersoch said: <\/p>\n<blockquote>\n<p>I have never doubted that the UK has plenty of talented senior women, capable and willing to serve on <abbr title=\"Financial Times Stock Exchange\">FTSE<\/abbr> boards.<\/p>\n<p>In 2011, British business said they could fix this problem on their own and I am delighted we are now seeing evidence of this, with more women being picked to serve on the boards of Britain\u2019s biggest companies.<\/p>\n<p class=\"last-child\">However the job is not yet done. Strengthening the executive talent pipeline remains the next and longer term challenge.<\/p>\n<\/blockquote>\n<p>Patrick O\u2019Sullivan, chairman of Old Mutual said:<\/p>\n<blockquote>\n<p>Old Mutual aims to recruit and retain staff, at all levels, from as wide a background as possible. Our guiding principle is that successful candidates should be the best qualified for that role and for our business to succeed, our culture has to be one of inclusion and opportunity for all our staff.<\/p>\n<p class=\"last-child\">I am pleased to say that we now have a board which reflects substantial diversity in terms of skills, experience, geography and gender.<\/p>\n<\/blockquote>\n<h3 id=\"notes-to-editors\">Notes to editors<\/h3>\n<p>1.The top 10 most improved <abbr title=\"Financial Times Stock Exchange\">FTSE<\/abbr> 100 boards between 2010 and October 2014 are:<\/p>\n<table>\n<thead>\n<tr>\n<th>\u00a0<\/th>\n<th>\u00a0<\/th>\n<th>Female representation<\/th>\n<th>Female representation<\/th>\n<th>Female representation<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>In 2010<\/td>\n<td>By 2014<\/td>\n<td>A rise of<\/td>\n<\/tr>\n<tr>\n<td>1<\/td>\n<td>Old Mutual<\/td>\n<td>0.0%<\/td>\n<td>38.5%<\/td>\n<td>38.5% pts<\/td>\n<\/tr>\n<tr>\n<td>2<\/td>\n<td>Aggreko<\/td>\n<td>0.0%<\/td>\n<td>30.0%<\/td>\n<td>30.0% pts<\/td>\n<\/tr>\n<tr>\n<td>3<\/td>\n<td>Glaxosmithkline<\/td>\n<td>7.7%<\/td>\n<td>35.7%<\/td>\n<td>28.0% pts<\/td>\n<\/tr>\n<tr>\n<td>4<\/td>\n<td>Wolseley<\/td>\n<td>0.0%<\/td>\n<td>27.3%<\/td>\n<td>27.3% pts<\/td>\n<\/tr>\n<tr>\n<td>5<\/td>\n<td>Land Securities Group<\/td>\n<td>8.3%<\/td>\n<td>33.3%<\/td>\n<td>25.0% pts<\/td>\n<\/tr>\n<tr>\n<td>6=<\/td>\n<td>Associated British Foods<\/td>\n<td>0.0%<\/td>\n<td>22.2%<\/td>\n<td>22.2% pts<\/td>\n<\/tr>\n<tr>\n<td>6=<\/td>\n<td>Capita<\/td>\n<td>22.2%<\/td>\n<td>44.4%<\/td>\n<td>22.2% pts<\/td>\n<\/tr>\n<tr>\n<td>6=<\/td>\n<td>Petrofac<\/td>\n<td>0.0%<\/td>\n<td>22.2%<\/td>\n<td>22.2% pts<\/td>\n<\/tr>\n<tr>\n<td>6=<\/td>\n<td>Weir Group<\/td>\n<td>0.0%<\/td>\n<td>22.2%<\/td>\n<td>22.2% pts<\/td>\n<\/tr>\n<tr>\n<td>10<\/td>\n<td>HSBC<\/td>\n<td>16.7%<\/td>\n<td>37.5%<\/td>\n<td>20.8% pts<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>2.Data for the top 10 most improved <abbr title=\"Financial Times Stock Exchange\">FTSE<\/abbr> 100 companies was sourced from:<\/p>\n<ul>\n<li><a rel=\"external\" href=\"http:\/\/www.som.cranfield.ac.uk\/som\/dinamic-content\/research\/documents\/FemaleFTSEReport2010.pdf\">The Female <abbr title=\"Financial Times Stock Exchange\">FTSE<\/abbr> Report 2010<\/a><\/li>\n<li><a href=\"https:\/\/www.gov.uk\/government\/publications\/women-on-boards-6-month-monitoring-report-october-2014\">Women on boards: 6 month monitoring report &#8211; October 2014<\/a><\/li>\n<\/ul>\n<p>Data highlights companies that were in the <abbr title=\"Financial Times Stock Exchange\">FTSE<\/abbr> 100 at the time both those data sources were published. Petrofac moved from <abbr title=\"Financial Times Stock Exchange\">FTSE<\/abbr> 100 to <abbr title=\"Financial Times Stock Exchange\">FTSE<\/abbr> 250 in December 2014.<\/p>\n<p>3.The last candidates event took place in April 2014. 20 <abbr title=\"Financial Times Stock Exchange\">FTSE<\/abbr> chairs attended and 46 senior business women. The event provided <abbr title=\"Financial Times Stock Exchange\">FTSE<\/abbr> 100 chairs the opportunity to network with a number of aspiring senior women, showcasing the extensive talent pool of capable women available for future <abbr title=\"Financial Times Stock Exchange\">FTSE<\/abbr> 350 appointments. <\/p>\n<p>4.A case study report <a href=\"https:\/\/www.gov.uk\/government\/publications\/inspirational-women-in-business\">\u2018Inspirational Women in Business\u2019<\/a> was published today by the Davies Review, alongside the Candidates Event. The report highlights a number of inspiring business women at different stages in their careers, their views on leadership and provides advice to those women aspiring to senior business positions.  <\/p>\n<p>5.As of October 2014 published statistics show that:<\/p>\n<ul>\n<li>\n<abbr title=\"Financial Times Stock Exchange\">FTSE<\/abbr> 100 \u2013 women\u2019s representation on boards has increased to 22.8% &#8211; up from 20.7% in March 2014<\/li>\n<li>\n<abbr title=\"Financial Times Stock Exchange\">FTSE<\/abbr> 250 \u2013 women\u2019s representation on boards has increased to 17.4% &#8211; up from 15.6% in March 2014<\/li>\n<li>There are no all-male boards in the <abbr title=\"Financial Times Stock Exchange\">FTSE<\/abbr> 100<\/li>\n<\/ul>\n<p>The next update of Women on Boards statistics is due to be released in March 2015.<\/p>\n<p>6.More information about the latest statistics and a copy of all Lord Davies reports can be found at <a href=\"https:\/\/www.gov.uk\/government\/collections\/women-on-boards-reports\">\u2018Women on Boards reports\u2019<\/a>.<\/p>\n<p>7.In February 2011, Lord Davies of Abersoch published his report <a href=\"https:\/\/www.gov.uk\/government\/uploads\/system\/uploads\/attachment_data\/file\/31710\/11-745-women-on-boards.pdf\">\u2018Women on Boards\u2019<\/a>, which set out a strategy aimed at ensuring that more women were appointed to boardroom positions. He asked all <abbr title=\"Financial Times Stock Exchange\">FTSE<\/abbr> 350 companies to set targets for the number of women they expected to have on their boards and executive committees in 2015. Lord Davies recommended that <abbr title=\"Financial Times Stock Exchange\">FTSE<\/abbr> 100 boards should aim for a minimum 25% female representation on their boards by 2015.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Business must keep up the momentum for representation of women on their boards, according to Business Secretary Vince Cable.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/53312"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=53312"}],"version-history":[{"count":2,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/53312\/revisions"}],"predecessor-version":[{"id":53330,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/53312\/revisions\/53330"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}