Denise Wilson Davies Steering Group & Independent NED (slides by kind permission of Cranfield University) THE DAVIES REVIEW – THE IMPORTANCE OF EXECUTIVE.

Denise Wilson

Davies Steering Group & Independent NED (slides by kind permission of Cranfield University)

THE DAVIES REVIEW – THE IMPORTANCE OF EXECUTIVE RECRUITERS TO SUCCESS

7 (21)

all-male boards

93 (79) boards with

women

Women on FTSE 100 Boards2013 compared to 2010

FTSE 100 and FTSE 250 Comparison

At March 2013 FTSE 100 FTSE 250

Female-held directorships 194 (17.3%) 267 (13.3%)

Female executive directorships

18 (5.8%) 32 (5.4%)

Female non-executive directorship

176 (21.8%) 235 (16.6%)

Composition of Boards 2013

Female FTSE 100

2013 2012 2010 2009 208 2004 1999

Total FTSE 100 NEDs

805 781 751 748 763 712 610

Total FTSE 100 EDs

307 305 325 330 353 418 645

Total FTSE 100 Directorships

1112 1086 1076 1078 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

Female % of new appointments

25.74% 44.1% 28.0% 22.5%

Predicting Future Percentagesof FTSE 100 Women on Boards

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 202010.0%

12.0%

14.0%

16.0%

18.0%

20.0%

22.0%

24.0%

26.0%

28.0%

30.0%

32.0%

34.0%

36.0%

38.0%

40.0%

42.0%

44.0%

46.0%

48.0%

50.0%

Future % of Women on Boards

% Women directors EDs & NEDs

FTSE 100 NED women: 1/3 new appointments

Year

% o

f W

om

en o

n B

oar

ds

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%

30%

22%

17.9%

52%

40%

Individuals Internally Promoted toExecutive Committee

48%

Female

62%

Male

+ 29%(SignificantDifference = 6.2P = .01)

Women Leaving is not the main Problem

7%

6%

17%

12%

24%

21%

22%

10%

22%

13%

8%

7%

13%

14%

18%

21%

21%

20%

24%

21%

Law Firms Accounting/Consulting Firms

(Equity) Partner

Non-Equity Partner/Associate Partner

Senior Associate/Manager

AssociateConsultant

Trainee/Analyst

Average attrition rates for men and women 2009 -11Women

Men

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