The Financial Times recently reported that the number of female executive directors on FTSE 350 boards has slipped in the past year – all this after significant work to raise awareness of the benefits of board diversity in the UK following the release of the Lord Davies Report.In fact, wrote Elizabeth Rigsby, the FT’s Chief Political Correspondent, “89 per cent of FTSE 350 companies have no female executives on their boards.”
Prospective female directors in the US are faring better – but not by much. According to Catalyst research released late last year, women occupy only 16.1 percent of Fortune 500 board directorships. That means over four out of five board seats belong to men. And, the report said, about one in ten Fortune 500 companies had no women on their boards.
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