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May 21, 2012

Shortfall in female board members, Deloitte survey

A Deloitte report has found there is still a lack of women on the executive boards at FTSE 350 companies in the UK.

The report, At the Helm, showed while only one in ten executive board positions are filled by women there has been an increase in the number of women appointed in non-executive positions following a call from the UK government to narrow the gender gap.

In the past year, three out of ten appointments were women, more than double the overall proportion of women on boards.

According to the survey, more than three quarters of companies are addressing the diversity issue but gender, age and nationality are considered less important than skills and personal experience.

The report also showed that shareholders believe better succession planning would improve board effectiveness whereas the majority of company secretaries and non-executive directors do not.

“Businesses are starting to recruit from more diverse backgrounds and we believe this is a very positive move which will be welcomed by shareholders,” Deloitte executive compensation partner Carol Arrowsmith said.

 

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