Rachel Reeves, Chair of the Business, Energy and Industrial Strategy Committee, comments on the data released by the Hampton-Alexander Review, which show the UK’s largest companies still have some way to go to meet the target of 33% women on boards by 2020.
Rachel Reeves, Chair of the Business, Energy and Industrial Strategy Committee said:
"The inglorious ten companies who still have all-male boards need to drag themselves out of the dark-ages and ensure they bring in a more diverse and valuable perspective to the running of their businesses rather than running a closed club of the old-boys’ network.
"Many of our biggest companies still have a long way to go to meet the 2020 goals. Progress at the board table is at snail’s pace, and far too few women are taking the helm as chief executives. FTSE 350 companies need to ramp up their efforts to open up these positions and ensure women are interviewed and appointed to senior jobs. Investors must play a part too and put pressure on company boards to redouble their efforts and ensure they recruit the best possible talent to run our biggest businesses."