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Directors: Females

Women and Equalities written question – answered on 28th November 2014.

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Photo of Gregory Campbell Gregory Campbell DUP, East Londonderry

To ask the Ministers for Women and Equalities, what estimate her Department has made of the overall change in women's representation in boardrooms in the private sector in the UK between 1984 and 2014.

Photo of Jo Swinson Jo Swinson Parliamentary Under-Secretary of State (Department for Education) (Women and Equalities) , The Parliamentary Under-Secretary of State for Business, Innovation and Skills

The Government supports Cranfield University which produces the Female FTSE report. This measures progress annually of the female representation on UK listed boards.

· In 1999 the proportion of women directors was 6.29%. This included female Executive Directors (EDs) at 2.02% and Non-Executive Directors (NEDs) at 10.82%. In 2000 the proportion of female directors had fallen to 5.81%.

· In 2011 the Government established the Lord Davies Review when the number of women on FTSE boards was still only 12.5%.

· The latest figures published in November show almost a doubling of these figures since 2011. Nearly 23% (249) of directors in the FTSE100 are now women. Of these 8.4% (24) are executive directors and 27.9% (225) are non-executive directors. There are now no all-male boards left in the FTSE100 and we are on track to meet the target set by Lord Davies of 25% women on boards by 2015.

With the Financial Reporting Council (FRC), Government also funds Cranfield University to monitor corporate governance practices in respect of whether companies are complying with the changes in the FRC code. The last report was launched by the Minister for Women and Equalities on 5 November. The report shows progress is being made in the FTSE 100 companies with 85% having a clear policy on boardroom diversity in comparison to 65% last year. The Government wants to see all companies addressing every point of the new Code in their reporting.

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