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 to 2010
93 (79)
boards with
women
7 (21)
all-male
boards
FTSE 100 and FTSE 250
Comparison
At March 2013
Female-held directorships
Female executive
directorships
Female non-executive
directorship
FTSE 100
FTSE 250
194 (17.3%)
267 (13.3%)
18 (5.8%)
32 (5.4%)
176 (21.8%)
235 (16.6%)
Composition of Boards 2013
Female
FTSE 100
2013 2012 2010 2009
Total FTSE
100 NEDs
805
781
751
748
Total FTSE
100 EDs
307
305
325
330
Total FTSE
1112 1086 1076 1078
100
Directorships
208
2004
1999
763
712
610
353
418
645
1116
1130
1255
New Appointment ratios
Female FTSE
100
Mar
2013
Sept
2012
Mar
2012
Sept
2011
New female
appointments
19
26
21
21
New male
appointments
55
33
54
72
Total new
appointments
74
59
75
93
25.74%
44.1%
28.0%
22.5%
Female % of new
appointments
Predicting Future Percentages
of FTSE 100 Women on Boards
Future % of Women on Boards
50.0%
48.0%
46.0%
44.0%
42.0%
40.0%
% of Women on Boards
38.0%
36.0%
34.0%
32.0%
% Women directors
EDs & NEDs
30.0%
28.0%
FTSE 100 NED women:
1/3 new appointments
26.0%
24.0%
22.0%
20.0%
18.0%
16.0%
14.0%
12.0%
10.0%
2010
2011
2012
2013
2014
2015
Year
2016
2017
2018
2019
2020
FTSE 100 Female Executives
Year
Executive Committee
Member
Executive
Board
Directors
2007
122 (16.3%)
13 (3.6%)
2008
139 (13.0%)
17 (4.8%)
2009
175 (18.1%)
17 (5.2%)
2010
161 (17.2%)
18 (5.5%)
2013
176 (15.3%)
18 (5.8%)
Female Representation by Role on
FTSE 100 Executive Committees
Regional/Divisional MD/CEO
Marketing/Sales
Corp. Strategy/Bus. Development
Co. Secretary/Counsel
Communications/Corp. Affairs
Human Resources
8.9%
17.9%
22%
30%
40%
52%
Individuals Internally Promoted to
Executive Committee
62%
+ 29%
48%
(Significant
Difference
𝑥 2 = 6.2
P = .01)
Female
Male
Women Leaving is not the main
Problem
Women
Average attrition rates for men and women 2009 -11
Law Firms
(Equity) Partner
Non-Equity Partner/
Associate Partner
Senior Associate/
Manager
Associate
Consultant
Trainee/Analyst
7%
Men
Accounting/Consulting Firms
8%
6%
7%
17%
13%
12%
14%
24%
18%
21%
21%
22%
21%
22%
10%
13%
24%
20%
21%
Source: 30%Club/McKinsey 2012
10
….but Promotion is
Source: 30% Club/McKinsey 2012
11
EU Directive could affect up to 950
UK companies
A turnover of more than €50million and/or more than 250 employees
433 Additional Listed
Companies
Number of WoB
Percentage
WoB
Female-held directorships
215
7.6%
Female executive
directorships
60
5.2%
Female non-executive
directorships
155
9.2%
Average board size
6.5