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March 7, 2011

UK boardrooms slow to plug gender gap

UK boardrooms have seen a marginal increase in women board members since 2009, but just 3% of privately held businesses have a female CEO, according to a survey by Grant Thornton UK.

According to the firm’s International Business Report (IBR) the number of female CEO’s falls short of a 10% average across the European Union, but reveals that British women occupy 23% of board positions in private companies.

The UK ranks 5th of the 13 surveyed European Union countries on proportion of women boardroom members, edging ahead of Spain and Italy at 22% and France at 21%. Poland has the highest number of women senior managers seen in the EU at 31% and Sweden at 30%.

The survey follows a report released last month by Lord Davis called Women on Boards, which recommends the UK Financial Reporting Council (FRC) amends the UK corporate governance code to ensure listed companies establish policy to create more diversity in the boardroom.

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