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Women’s equality in the UK – A health check

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7.13<br />

7.14<br />

7.15<br />

7.16<br />

7.17<br />

Recommendation:<br />

The Government should commit to implement<strong>in</strong>g <strong>the</strong> full set of recommendations<br />

from <strong>the</strong> Speaker’s Conference report and take action to ensure that all political<br />

parties implement <strong>the</strong> recommendations of <strong>the</strong> report with<strong>in</strong> agreed timescales<br />

Increas<strong>in</strong>g <strong>the</strong> number of women <strong>in</strong> public and corporate life<br />

It will take 70 years to achieve gender-balanced boardrooms <strong>in</strong> <strong>the</strong> <strong>UK</strong>. The 2011 Lord Davies<br />

Report Women on Boards calculated if one third of <strong>the</strong> FTSE 100 board appo<strong>in</strong>tments were<br />

given to women between 2011-2015, from a start<strong>in</strong>g po<strong>in</strong>t of 12.5% female directors, a figure of<br />

23.5% could be achieved across <strong>the</strong> FTSE 100 by 2015. 31 (See Article 11 for more <strong>in</strong>formation)<br />

The percentage of female held directorships on FTSE 100 boards <strong>in</strong> 2013 is 17.3 % and on FTSE<br />

250 boards is 13.3 %. 32 Latest data show between April 2012 <strong>–</strong> April 2013, <strong>in</strong> <strong>the</strong> first six months,<br />

a pace of change which was extremely encourag<strong>in</strong>g with 44% of new appo<strong>in</strong>tments go<strong>in</strong>g to<br />

women on FTSE 100 companies and 36% on FTSE 250. However, those high levels were shortlived<br />

and over <strong>the</strong> last six months <strong>the</strong>y dropped to 26% and 29% respectively, thus show<strong>in</strong>g a<br />

considerable gap from <strong>the</strong> 33% required to reach 25% women on boards by 2015. 33<br />

In terms of women’s representation <strong>in</strong> positions of power <strong>in</strong> public life, 32% of <strong>the</strong> general <strong>UK</strong><br />

workforce (managers, directors and senior officials) are female; 34 36.4% public appo<strong>in</strong>tments<br />

are given to women; 14.2% vice chancellors are female. 35 Outdated work<strong>in</strong>g patterns<br />

and <strong>in</strong>flexible organisations cont<strong>in</strong>ue to be major barriers to women’s participation <strong>in</strong><br />

positions of authority. 36<br />

The Government is confident that <strong>the</strong> voluntary, bus<strong>in</strong>ess-led approach to <strong>in</strong>creas<strong>in</strong>g <strong>the</strong><br />

representation of women is work<strong>in</strong>g so <strong>the</strong>re is no need to follow <strong>the</strong> example of Norway 37 and<br />

o<strong>the</strong>rs and legislate on this issue. The Davies Report noted however that Government may<br />

need to <strong>in</strong>troduce more prescriptive alternatives if <strong>the</strong> voluntary approach does not achieve<br />

significant change. Although <strong>the</strong>re is evidence that women’s representation <strong>in</strong> <strong>the</strong> top levels<br />

of companies has improved s<strong>in</strong>ce 2011, <strong>the</strong> latest Cranfield report 38 highlights that whilst <strong>the</strong><br />

voluntary approach has delivered some improvements, progress on women’s representation <strong>in</strong><br />

<strong>the</strong> corporate sector is stall<strong>in</strong>g.<br />

The case for harness<strong>in</strong>g <strong>the</strong> power of female leadership <strong>in</strong> <strong>UK</strong> bus<strong>in</strong>ess is <strong>in</strong>contestable. The<br />

case for <strong>the</strong> economy is equally robust, given that <strong>the</strong> <strong>UK</strong> stands to ga<strong>in</strong> £23bn by better<br />

31. Davies, E. M (2011) Women on Boards. Department for Bus<strong>in</strong>ess, Innovation and Skills. http://www.bis.gov.uk/assets/biscore/bus<strong>in</strong>ess-law/<br />

docs/w/11-745-women-on-boards.pdf<br />

32. Sealy, R. and V<strong>in</strong>nicombe, S. (2013) The Female FTSE Board Report 2013: False dawn of progress for women on boards? Cranfield<br />

International Centre for Women Leaders http://www.som.cranfield.ac.uk/som/d<strong>in</strong>amic-content/media/Research/Research%20Centres/<br />

CICWL/FTSEReport2013.pdf<br />

33. Macleod, M. (2013) ‘FTSE 100 chiefs probed over lack of women on boards’, The Telegraph, 21st January 2013 http://www.telegraph.co.uk/<br />

women/womens-bus<strong>in</strong>ess/9815468/Women-on-boards-CEOs-probed-over-lack-of-female-executives.html<br />

34. Institute of Leadership and Management (2012) Women <strong>in</strong> Bank<strong>in</strong>g. http://www.i-l-m.com/downloads/Research_women<strong>in</strong>bank<strong>in</strong>g_<br />

march12.pdf<br />

35. Holt, G. (2012) ‘Women hold fewer than third of top jobs <strong>–</strong> BBC research’, BBC News <strong>UK</strong>, 29th May 2012 http://www.bbc.co.uk/news/uk-<br />

18187449<br />

36. Equality and Human Rights Commission (2011) Sex and Power 2011. EHRC: London http://www.<strong>equality</strong>humanrights.com/key-projects/<br />

sexandpower/<br />

37. As a result of quota legislation, Norway has 37.9% women on boards and s<strong>in</strong>ce January 2010 listed companies <strong>in</strong> F<strong>in</strong>land must have at least<br />

one woman on <strong>the</strong> board.<br />

38. Sealy, R. and V<strong>in</strong>nicombe, S. (2013) The Female FTSE Board Report 2013: False dawn of progress for women on boards? Cranfield<br />

International Centre for Women Leaders http://www.som.cranfield.ac.uk/som/d<strong>in</strong>amic-content/media/Research/Research%20Centres/<br />

CICWL/FTSEReport2013.pdf<br />

<strong>Women’s</strong> <strong>equality</strong> <strong>in</strong> <strong>the</strong> <strong>UK</strong>: CEDAW shadow report 2013 65

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