Commenting on the number of women on Boards in FTSE companies nearly doubling in four years, ICAEW Commercial Executive Director, Sharron Gunn, said:
“FTSE companies have come a long way from where we were in 2011, but you can’t just evaluate success or failure on how many women are recruited into Board positions. We still have a gender pay gap. Men are still far more likely to hold more senior posts. We must look again at how businesses are developing their pipeline of female leaders.
“Businesses need to measure the success of their leaders by how well they support diversity and inclusion. This goes beyond women. They must reflect how they create work environments that inspire talented people, whether male or female and from whatever background, to become business leaders. This will also give them access to a pool of talent earmarked as future leaders.”
ICAEW is commenting on the latest BIS report showing female representation in FTSE Boards has almost doubled to 23.5 per cent, since Government launched a review in 2011.