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A REPORT calling for women to fill a third of board seats at top firms is “not ambitious enough,” critics said yesterday.
A previous 2011 target to see a quarter of FTSE 100 board seats filled by women by the end of 2015 has been met, the Davies review revealed, with women now filling 26 per cent of such seats — and no all-male boards.
However most are non-executive directors, lacking decision-making power, and the report has suggested encouraging a rise in executive roles alongside upping FTSE 350 representation to 33 per cent by 2020.
The new target was branded “underwhelming” by the Women’s Equality Party, which attacked Lord Davies’s rejection of official mandatory boardroom quotas.
Shadow women and equalities minister Kate Green welcomed the increase in women’s representation but pointed out that only 2 per cent of FTSE 100 chairs come from black and ethnic minorities.
