Women’s share of board seats at Britain's 350 biggest listed companies reached 40% for the first time in 2022, a UK government-backed report showed, three years ahead of plan
British Secretary of State for Trade and Industry Kemi Badenoch, walks outside Number 10 Downing Street, in London, Britain February 7, 2023. REUTERS/Toby Melville/File Photoreached 40% for the first time in 2022, a UK government-backed report on Tuesday showed, three years ahead of plan.
Improving boardroom diversity has become a focus for many policymakers and investors who say a broader range of experience improves decision-making and corporate culture. In February 2022, the business-led FTSE Women Leaders Review set FTSE350 companies a 40% target for women on boards and in leadership teams by 2025, up from a previous target of 33%.
The new goal was given official backing by the Financial Conduct Authority, which regulates listed companies,The proportion of women on FTSE 350 boards increased by almost 3% in 2022 to reach 40.2% as of Jan. 11, 2023, while in the top 100 companies, the FTSE 100, women held 40.5% of board positions, up from 39.1% in 2021, the report said.
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