Only 1 in 25 of CEOs in Britain’s largest publicly firms are girls, in accordance with a brand new report.
Analysis of senior management within the FTSE 350 largest firms listed on the London Stock Exchange confirmed 96% of CEOs are males.
This is regardless of the entry stage recruitment usually being near 50:50, in accordance with evaluation carried out by gender and variety consultancy agency, The Pipeline.
Its Women Count 2022 report discovered three-quarters of the members of FTSE 350 government committees are males, and 1 / 4 are girls. There have been no girls in any respect on the chief committees of 10% of the businesses and almost 70% of firms haven’t any feminine government administrators in any respect on their principal boards of administrators.
The path in direction of changing into a CEO is dominated by males: the report discovered three out of 4 executives working their means as much as CEO are males.
But when girls grow to be CEOs it’s extra probably that there can be girls appointed to different roles within the higher echelons of FTSE 350 firms.
Companies with feminine CEOs are over 4 instances extra more likely to appoint girls government administrators onto their principal board than firms with male CEOs, The Pipeline evaluation discovered.
The proportion of feminine executives on the principle board of an organization with a feminine CEO is 63% in comparison with 14% the place the CEO is male, the report stated.
The drawback of a scarcity of equal gender illustration exists throughout senior management. In the FTSE 350, 82% of chief monetary officers (CFOs) are male.
Read extra: Men more likely to be supplied firm shares than girls
The Women Count report has tracked the gender range of British government committees for the previous seven years and described progress over that point as “glacially slow”.
The prospect for ladies searching for development to the senior echelons of FTSE 350 firms “looks as desolate as ever”, The Pipeline stated. However, there are 4 extra feminine CEOs this 12 months in comparison with final 12 months.
Other FTSE indices confirmed comparable inequalities. In the FTSE 100 there are 91 male CEOs and seven girls CEOs and within the FTSE 250 there are 168 male CEOs and 5 feminine CEOs.
The numbers don’t add as much as 100, 250 and 350 as a result of not each organisation listed within the FTSE has a CEO, the report stated. Some funding autos usually have solely an funding supervisor and no additional employees.
The knowledge was gathered by by analyzing firm web sites, annual and different studies and direct contact with firms.
Source: information.sky.com”
