Report calls for more women on FTSE company boards

UK listed companies in the FTSE 100 should be aiming for a minimum of 25 per cent female board-member representation by 2015, Lord Davies of Abersoch has said, when launching his independent review into Women on Boards.

He recommended in his report for government that FTSE 350 companies should be setting their own challenging targets and expects that many will achieve a much higher figure than this minimum.

The report states that companies should set targets for 2013 and 2015 to ensure that more talented and gifted women can get into the top jobs in companies across the UK.

Lord Davies also called on chairmen to announce these goals in the next six months and chief executives to review the percentage of women they aim to have on their executive committees in 2013 and 2015.