London, 8 March 2022 – Nearly 50% of UK companies and not for profits have plans to reach gender parity at board level according to the results of a snapshot survey of governance professionals, conducted by the Chartered Governance Institute for UK & Ireland (CGIUKI) in association with The Core Partnership.
Last month the FTSE Woman’s Leaders Review released their report calling on FTSE companies to adopt a minimum 40% target for female appointees to the Board and leadership teams of FTSE 350 companies by 2025.
Many organisations are aiming higher with 46% of organisations stating that plans are in place for gender parity at board level. Respondents also reported good news on developing the pipeline of future female talent with three-quarters (75 per cent) of male and female respondents reporting their company is supporting women into senior leadership roles.
The survey results highlight, on International Women’s Day 2022, the continuing need to ‘break the bias’ in the workplace, particularly at board level.
Sara Drake, CEO of the CGIUKI said:
“It is encouraging to see that nearly half of the respondents said their company has gender parity targets for their boards as we mark International Woman’s Day.
These positive findings put pressure on those organisations which have yet to formulate such plans as they face being left behind. This is particularly true for those in the 25% of companies reportedly not nurturing their female talent for senior leadership roles. Where there is no clear pathway or support those organisations face an exodus of talented women leaving to seek alternative employment where their contribution and leadership skills will be appreciated. Of course, that may well be a competitor.’
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