"I don't think women fit comfortably into the board environment"

Today's government-backed Hampton-Alexander Review has found shocking explanations for why a range of FTSE 350 companies do not have more women on their boards, including "they don’t fit in", "they don’t want the hassle" and "all the good ones have already gone".

The story is here - http://www.bbc.co.uk/news/business-44310225 

The number of all-male FTSE 350 company boards fell from 152 in 2011 to 10 in 2017, but it's clear that much more needs to be done.

What do you think the next steps are to stop the archaic excuses and make real progress on creating gender balance at the top?

Parents
  • Coming back to Katie's question, there are a few recommendations in the 2017 review that I find interesting. They are:

    • Have executive search firms support with recruitment of women to boards
    • Make the progress of gender balanced boards a key corporate governance matter
    • Investors should discuss with investee companies gender balance, particularly where progress is slow
    • Within the corporate governance section of annual reports, publish the number of women on executive committees

    This may be a matter of policy leading culture but if the 'archaic excuses' are long held beliefs, perhaps they need heavy-handed incentives to make changes.

Reply
  • Coming back to Katie's question, there are a few recommendations in the 2017 review that I find interesting. They are:

    • Have executive search firms support with recruitment of women to boards
    • Make the progress of gender balanced boards a key corporate governance matter
    • Investors should discuss with investee companies gender balance, particularly where progress is slow
    • Within the corporate governance section of annual reports, publish the number of women on executive committees

    This may be a matter of policy leading culture but if the 'archaic excuses' are long held beliefs, perhaps they need heavy-handed incentives to make changes.

Children
  • I attended a presentation on the subject of gender balanced boards last year. The ex-CEO of one of the largest oil companies spoke about how having a woman join the board changed the conversations - in particular he talked about how she raised the issue of work-life balance to the benefit of all board members. But the men would never have talked about it on their own.
    We need more male board members to talk about the benefits of having women on their boards - they are the only ones likely to influence their skeptic colleagues.