Only 2% of FTSE 350 companies have tech in the Boardroom

Just two per cent of FTSE 350 companies have a dedicated digital or technology representative on their Board, according to a study by Russam GMS.

Of all the Boards of the FTSE 350 companies, just eight represented a dedicated digital or technology specialist, such as a Chief Information Officer (CIO) or Chief Technology Officer (CTO). The firms included PayPoint, BHP Billiton and Hargreaves Lansdown.

At a time when technology is driving a plethora of changes, the report ‘Tech-tonic shift: Meeting the technology challenge in UK Boardrooms’ by Russam GMS, argues that Chief Technology Officers should become as common on Boards as Chief Financial Officers.

An analysis of all FTSE 350 Board members found that 125 companies included someone with a declared technology background or experience.