As we enter a new decade it is an opportune time to reflect on the progress of diversity on Boards and the challenges that lie ahead.
This past decade has been one where female participation in the business world has exploded into the headlines and onto our Boardrooms.
In the UK we started the decade with the Davis Report in 2011 which sort to drive a voluntary target of 25% of women on Boards’ of FTSE 100 companies by 2015. The target was successfully achieved and then superseded by a 33% target by 2020, which is also likely to be achieved. This model of targeted voluntary compliance has proved successful but there is still much to do in creating further diversity in the executive pipeline. Targeted compliance has provided a catalyst for increasing gender participation on the executive committee and subsequently feeding onto Boards. While less explosive and headline grabbing, this approach has largely avoided the accusation of under qualification and under experienced women on Boards, often thrown at the quota approach.