Last year the companies with an all male board on FTSE100 (UK) were
- Vedanta Resources
- Intertek Group (Quality Assurance)
- Essar Energy
- Glencore International
- Randgold Resources
- Aggreko (rental of power and temperature control)
Most of these are mining & energy companies which doesn’t exactly surprise. The good news is that we are now down to only 2 companies left with an all male board: Glencore Xstrata and Antofagasta. Mining again being the “offenders” or non-compliant companies.
In 2011, the FTSE100 were set the ambition by Lord Davies and his Steering Group for women to account for 25% of FTSE100 boards by 2015. The latest figures for the FTSE100 show that this now stands at 20.4%, up from 12.5% in February 2011.The FTSE250 have also been encouraged to increase female representation and aim for 25% of women on boards. It is estimated only a further 60 new female board appointments will need to be made to reach the target for the FTSE100.
On another note we welcome the fact that Freeport McMoRan added two women on their boards in December 2013 – Ms Lydia Kennard and Ms Frances Fragos Townsend – while Ms. Kathleen Quirk is the Executive Vice President, Chief Financial Officer and Treasurer sits on the Executive Committee.