Guinness brewer Diageo led the way when it came to representing women at board level with 45.5% female representation. It was followed closely by outsourcer Capita at 44.4%. The worst FTSE 100 performer was bottlers Coca-Cola HBC with a less than sparkling 7.7% representation with asset manager Schroders second worst with 8.3%.
Perhaps this was why Business secretary Vince Cable, though praising the good work done to date, urged British firms to do more.
“Our target of 25% women is in sight. However the threat of EU mandatory targets remains a reality if we do not meet it,” he said last month. “If we are to avoid action from Brussels we must continue to demonstrate that our voluntary approach is the right one and is working.”
The draft European directive, which Cable referred to, is looking for women to fill 40% of non-executive roles and 33% of executive positions by 2020.
In the next instalment of our Women of Substance series, we will hear the argument against enforcing quotas…