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Explore the crucial role of executive recruiters in driving gender diversity on FTSE 100 boards. Compare 2010 to 2013 statistics, appointment ratios, and future projections. Delve into female representation in key executive roles and internal promotions. Analyze attrition rates and promotion challenges faced by women in various industries. Insight into the potential impact of the EU Directive on UK companies. Learn from the Davies Review and McKinsey data.
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The Davies Review – the importance of Executive Recruiters to success Denise Wilson Davies Steering Group & Independent NED (slides by kind permission of Cranfield University)
Women on FTSE 100 Boards 2013 compared to2010 93 (79) boards with women 7(21) all-male boards
Female Representation by Role on FTSE 100 Executive Committees Regional/Divisional MD/CEO 8.9% Marketing/Sales 17.9% Corp. Strategy/Bus. Development 22% 30% Co. Secretary/Counsel 40% Communications/Corp. Affairs Human Resources 52%
Individuals Internally Promoted toExecutive Committee 62% + 29% (Significant Difference = 6.2 P = .01) 48% Female Male
Women Leaving is not the main Problem Women Average attrition rates for men and women 2009 -11 Men Law Firms Accounting/Consulting Firms 7% 8% (Equity) Partner 6% 7% Non-Equity Partner/ Associate Partner 17% 13% 12% 14% Senior Associate/ Manager 24% 18% 21% 21% Associate Consultant 22% 21% 22% 24% 10% 20% Trainee/Analyst 13% 21% Source: 30%Club/McKinsey 2012
….but Promotion is Source: 30% Club/McKinsey 2012
EU Directive could affect up to 950 UK companies A turnover of more than €50million and/or more than 250 employees