“Any CEO who ignores the 42 per cent increase in sales [that diversity can provide through better corporate performance] should be shot,” Lynne Featherstone, minister for equalities, said this morning. “It’s not about equality for equality’s sake. It’s about making your company better.”
The Professional Boards Forum has launched “BoardWatch” to track progress against the targets set down in Lord Davies’ report into the number of women on FTSE 100 boards. Drawing on data provided by BoardEx, a business networking service, BoardWatch will report monthly figures.
In the first of these reports, 31 per cent of new directors appointed to the boards of the UK’s largest 100 listed companies since March 1 are women. This has inched up the total percentage of women directors to 13.4 per cent (from 12.5 per cent at end-2010) and reduced the number of “stag” or all-male boards to 14 from 21.