Glass Lewis’ new special report assesses the current state of play following the initial implementation of the new rules, providing a statistical overview of diversity performance across the FTSE 350 in addition to illustrative examples of best-in-class disclosure. We also discuss Glass Lewis’ general policy approach to diversity issues, and where relevant, the wider market response to the changes.
Below are some key takeaways:
- Since the publication of the first Parker Review report, there has been a steady rise in ethnic minority representation on FTSE 350 boards.
- In aggregate, the FTSE 100 and FTSE 350 have achieved the 40% representation target set out by both the FTSE Women Leaders Review and Listing Rules, with 14 FTSE 350 boards comprising a majority of women at the time of their 2023 AGMs.
- Only 8.4% of CEO positions in the FTSE 350 are occupied by a woman, but nearly two-thirds (64.8%)of FTSE 350 companies having at least one woman in a key board role.
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