Hiring | Men still appointed to three-quarters of Boardroom positions

Men still appointed to three-quarters of Boardroom positions

Three-quarters of Boardroom appointments are still going to male candidates, new research by global search company Egon Zehnder has revealed.

The study’s findings suggest that gender parity will “never be reached” at the senior levels of global conglomerates.

The Financial Times reports that 1,610 public company’s worth £6.3billion (€7billion) or more in 44 global countries were examined in their Board or senior-level roles.

From our content partner

Additionally, the research has shed some light on the shockingly low number of women in the boardroom, which has increased by just two per cent on 2016 figures.

Jill Ader, Chair of Egon Sehnder, told the Financial Times that diversity just isn’t progressing quick enough. She said:

“With the rate of progress towards parity decelerating… fully balanced Boards will never be achieved without a significant increase in the hiring of female directors.”

She explained that companies should acknowledge that a “critical mass” of women the Board can make and that this should be a top priority for organisations.

The firm has advised companies to use the “magic of three” rule. “At least three women are needed to change the way the board is run and the way women are able to share their insights.” They urge that this will help female representation in the Boardroom.

And, it seems that this lack of Boardroom diversity is not exclusive to gender; it extends to those from ethnic minority backgrounds too.

Last year, The Guardian reported that some of Britain’s biggest firms were given four years (until 2021) to appoint a Board director from an ethnic minority background in a bid to level the cultural playing field.

Sir John Parker, who conducted the review, said that this should be taken seriously after shocking statistics revealed that just 85 of the 1,050 director positions held by FTSE100 companies were held by those with ethnic minority backgrounds.

And, according to executive recruitment firm Green Park, many of Britain’s leading companies will struggle to meet this cultural hiring target.

Have you enjoyed this piece?

Subscribe now to myGrapevine+ and get access to our comprehensive knowledge portal.

Comments (1)

  • Sue Jefferson
    Sue Jefferson
    Wed, 12 Dec 2018 1:48pm GMT
    Surely shareholders want to see Boards leverage diversity of thinking to see outperformance whilst mitigating risks?
    Why are they not insisting on this - like bid tenders do?
    Real barriers are unspoken fear of leaders in appointing women to senior roles - these must be acknowledged then can be addressed.

You are currently previewing this article.

This is the last preview available to you for the next 30 days.

To access more news, features, columns and opinions every day, create a free myGrapevine account.