Ten Years On: 30% Club Sets New Targets
by Startacus Admin
Targets set with objective of achieving a more inclusive business culture
The 30% Club has just announced its new targets for the UK for the next three years. When the 30% Club was established in 2010, women held only 9.5%* of FTSE 350 board positions on average and whilst women now hold 32% of board seats on average, over a third of FTSE 350 boards remain below the original 30% target.
Furthermore, women are still significantly under-represented as Chairs and CEOs, confirming that more focus is needed to achieve inclusive cultures that retain female talent to management positions.
While the 30% Club remains committed to its existing global mission, for at least 30% representation of all women on all boards and C-suites globally, three targets for the UK to reach by the end of 2023 have been added:
- Beyond 30% representation of women on all FTSE 350 boards, and to include one person of colour by 2023
- Beyond 30% representation of women on all FTSE 350 Executive Committees, and to include one person of colour by 2023
- Beyond 30% of all new FTSE 350 Chair appointments to go to women between now and 2023
Ann Cairns, Global Chair of the 30% Club said:
“There has clearly been good progress on gender diversity on boards over the last decade and the 30% Club is proud to have contributed to this. Disappointingly though, in 2020 leadership of our business world still doesn’t reflect our wider population and we are not harnessing the wonderful talents of people who think differently, have different backgrounds, cultures, ethnicities and many other differences”.
“ The glass ceiling is still pervasive and women of colour face some of the greatest hurdles of all. It’s a time of change, a time of acceleration, where we can build a much better world for everyone. That’s why the 30% Club is looking beyond our original goals and reaching for equality. We want to be clear that we believe in a business world which includes ALL women and being explicit about women of colour in our UK goals.
“The pandemic is bringing about a global reset in business and society...The future is ours to shape and I hope we take this chance to build a more inclusive business culture. One with few blind spots, one that has purpose. One where stakeholder capitalism drives inclusion and finds women realising their full economic potential. Because a world that works better for all women works better for everyone.”
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Published on: 1st July 2020
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