Men and Women Working Together for Real Change
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Men and women working together for real change February 2018 30% Club . The 30% Club is a global campaign that signs up Chairs and CEOs to take action to create a better balance of men and women at all levels of their organisations as a business imperative rather than a ‘women’s issue’. The Club launched in the UK in 2010 with a target of a minimum of 30% women on FTSE-100 boards by 2015. There are 259 members of the UK Club and the proportion of female FTSE-100 directors has risen from 12.5% to 28.4%*. As of 2016 the scope of the above target was extended to a minimum of 30% women on FTSE-350 boards by end 2020 (currently at 24.8%*) . In tandem with the above – and in order to ensure that this 30% remains sustainable – we have also established a pipeline target of a minimum of 30% women at senior management level of FTSE-100 companies by 2020 (currently 25.2% at Executive Committee + direct report levels**). The 30% Club is becoming an international community. It complements and amplifies individual company efforts and existing initiatives through collaboration, sharing of best practice, measurable goals and joined-up actions. The 30% Club does not believe in mandatory quotas. Instead, the 30% Club is aiming for meaningful, sustainable, business- led change, as recommended by the Davies and Hampton-Alexander Reviews. Scarce representation of women at senior levels is a global phenomenon. Local 30% Clubs have been launched in the US, Hong Kong, Ireland, Southern Africa, Australia, Malaysia, Canada, Italy, the GCC and Turkey. Business leadership: the catalyst for accelerating real change Sources: *BoardEx, January 2018 1 **Hampton-Alexander Review | FTSE Women Leaders, November 2017 Women on Boards: a breakthrough 30.0 27.0 27.9 28.4 FTSE 100: % women directors 25.0 25.0 1999-2017 23.0 19.3 20.0 17.4 15.0 15.0 12.6 11.7 12.2 9.4 10.0 6.9 5.0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 An epiphany over the past 6 years in the UK: now seen as a business issue not a women’s issue FTSE 100 FTSE 250 . 46 companies have already reached 30%* . 62 companies have already reached 30%* . 0 all-male boards* . 9 all-male boards, down from 131 in 2010* Sources: *BoardEx, January 2018 2 Women at Executive Committee & Direct Report Levels FTSE 100 . 27 companies have already reached 30% . There are 7 all-male Executive Committees . Women more likely to hold functional rather than operational and C-suite roles Source: Hampton-Alexander Review | FTSE Women Leaders, November 2017 3 30% Club – FTSE 350 Chair Members FTSE-100 FTSE-100 John Allan, Chair, Barratt Developments*/ Tesco Sidney Taurel, Chair, Pearson* Richard Baker, Chair, Whitbread* David Tyler, Chair, Hammerson/ Sainsbury’s* John Barton, Chair, EasyJet Donald Brydon, Chair, Sage/ London Stock Exchange FTSE-250 Dame Alison Carnwath, Chair, Landsec* Charles Berry, Chair, Senior*/ Weir* (stepping down at Senior in April 2018) Sir Roger Carr, Chair, BAE Systems* Geoff Cooper, Chair, Card Factory* Ian Davis, Chair, Rolls Royce* Andrew Duff, Chair, Elementis* Andrew Duff, Chair, Severn Trent* Sir Charles Dunstone, Chair, TalkTalk Anita Frew, Chair, Croda International Ian Durant, Chair, Greggs*/ Capital & Counties Properties Sir Peter Gershon, Chair, National Grid Mike Evans, Chair, ZPG John Gildersleeve, Chair, British Land Andrew Higginson, Chair, N Brown* Sir Gerry Grimstone, Chair, Standard Life Aberdeen Dennis Holt, Chair, Beazley Sir Philip Hampton, Chair, GlaxoSmithKline* Mike Humphrey, Chair, IP Group Rick Haythornthwaite, Chair, Centrica Paul Lester, Chair, Essentra/ McCarthy & Stone Andrew Higginson, Chair, WM Morrison Greg Lock, Chair, Computacenter Susan Saltzbart Kilsby, Chair, Shire* Frank Meysman, Chair, Thomas Cook Group* Sir John Kingman, Chair, Legal & General Group* Glen Moreno, Chair, Virgin Money* (stepping down in 2018) Ken Mackenzie, Chair, BHP* Sir John Parker, Chair, Pennon Group* John McFarlane, Chair, Barclays Sir Ian Powell, Chair, Capita Sir Adrian Montague, Chair, Aviva Sir Nigel Rudd, Chair, BBA Aviation/ Meggitt Patrick O’Sullivan, Chair, Old Mutual* Sir John Peace, Chair, Burberry* Sir Michael Rake, Chair, Worldpay Group Carl-Henric Svanberg, Chair, BP (stepping down in 2018) * 30% or more women on board 4 Source: BoardEx, January 2018 30% Club – FTSE 100 CEO Members FTSE-100 FTSE-100 Keith Barr, CEO, InterContinental Hotels Group** Ivan Menezes, CEO, Diageo** Alison Brittain, CEO, Whitbread Steve Mogford, CEO, United Utilities Group** Vittorio Colao, CEO, Vodafone Robert Noel, CEO, Landsec ** Mike Coupe, CEO, Sainsbury’s Gavin Patterson, CEO, BT Jeremy Darroch, CEO, Sky Paul Polman, CEO, Unilever ** John Fallon, CEO, Pearson Steve Rowe, CEO, Marks & Spencer** John Flint, CEO Designate, HSBC Holdings Keith Skeoch, Co-CEO, Standard Life Aberdeen Liv Garfield, CEO, Severn Trent** David Sleath, CEO, Segro Martin Gilbert, Co-CEO, Standard Life Aberdeen Jes Staley, CEO, Barclays Chris Grigg, CEO, British Land** David Thomas, CEO, Barratt Developments Chris Hill, CEO, Hargreaves Lansdown Emma Walmsley, CEO, GlaxoSmithKline António Horta-Osório, CEO, Lloyds Banking Group David Warren, Interim CEO & Group CFO, London Stock Exchange Group** Dave Lewis, CEO, Tesco Andrew Williams, CEO, Halma Andrew Mackenzie, CEO, BHP** Mark Wilson, CEO, Aviva** John Martin, CEO, Ferguson Nigel Wilson, CEO, Legal & General Group** Ross McEwan, CEO, RBS** Charles Woodburn, CEO, BAE Systems ** 30% or more women on Exec Comm & DRs 5 Source: Hampton-Alexander Review, November 2017 30% Club – FTSE 250 CEO Members FTSE-250 FTSE-250 Alan Aubrey, CEO, IP Group Morgan Jones, Co-CEO, Hansteen Holdings** Lance Batchelor, CEO, Saga** Alex Kanellis, CEO, PZ Cussons** Brian Bickell, CEO, Shaftesbury** Stephen Koseff, CEO, Investec Henry Birch, CEO, Rank Group Jonathan Lewis, CEO, Capita Alex Chesterman OBE, CEO, ZPG Chris Loughlin, CEO, Pennon Group Stephen Clarke, CEO, WH Smith Dame Louise Makin, CEO, BTG Tim Cobbold, CEO, UBM** Paul Moraviec, CEO, Convatec Peter Fankhauser, CEO, Thomas Cook Group Preben Prebensen, CEO, Close Brothers Rod Flavell, CEO, FDM Group** Andrew Rashbass, CEO, Euromoney Institutional Investor Jayne-Anne Gadhia CBE, CEO, Virgin Money** David Squires, CEO, Senior plc Moya Greene, CEO, Royal Mail Group** Jon Stanton, CEO, Weir Tristia Harrison, CEO, TalkTalk Group Guy Wakeley, CEO, Equiniti Group Gary Hoffman, CEO, Hastings Group* Ian Watson, Co-CEO, Hansteen Holdings** Andrew Horton, CEO, Beazley Roger Whiteside, CEO, Greggs** Karen Hubbard, CEO Card Factory** ** 30% or more women on Exec Comm & DRs 6 Source: Hampton-Alexander Review, November 2017 30% Club UK Members (ctd) PROFESSIONAL SERVICES Simon Konsta, Senior Partner, Clyde & Co John Amaechi OBE, CEO, Amaechi Performance Systems Lisa Mayhew, Managing Partner, Berwin Leighton Paisner Ian Anderson, Executive Director, Iceni Projects Mike McTighe, Chair, WYG plc Nicolas Aubert, CEO, Willis Towers Watson GB Bill Michael, UK Chairman & Senior Partner, KPMG John Banister, CEO, Wiggin Neil Micklethwaite, Partner, Brown Rudnick LLP Antonia Belcher, Senior partner, MHBC Carlos Miranda, CEO, I.G. Advisors Ray Berg, Managing Partner, Osborne Clarke Steve Mitchener, CEO, NTT DATA UK Mark Bomer, Senior Partner, BDO Ann Olivarius, Senior Partner, McAllister Olivarius Marcus Bowman, Managing Partner, Holman Fenwick Willan LLP Chris Osborne, Co-Chair, Europe, Middle East and Africa, FTI Consulting Edward Braham, Senior Partner, Freshfields Bruckhaus Deringer Nick Owen, Chair, Deloitte UK Clare Butler, Global Managing Director, Laurence Simons Stephen Parish, Global Vice Chair; Chair, Europe, Middle East and Asia, Norton Rose Fulbright Alex Chadwick, Managing Partner, Baker & Mackenzie David Patient, Managing Partner, Travers Smith Michael Chissick, Managing Partner, FieldFisher Paul Smith, Chair, Eversheds Emma Cleveland, Managing Director, Cleveland & Co. Associates Alexander Y. Thomas, Global Managing Partner, Reed Smith Jeremy Cohen, UKME Chief Executive Officer & Partner, Dentons Ben Tidswell, Chair, Ashurst Steve Cooke, Senior Partner, Slaughter and May Steve Varley, Chair and UK&I Managing Partner, EY Katherine Corich, Chair, Sysdoc Penelope Warne, Senior Partner and Chair of the UK Board, CMS Cameron McKenna David Cruickshank, Chair, Deloitte Global Simon Williams, CEO, NTT Data UK Fiona Dunsire, UK Market Leader and CEO, Mercer UK Richard Foley, Senior Partner, Pinsent Masons Matthew Layton, Managing Partner, Clifford Chance Michael Francies, Managing Partner, Weil, Gotshal & Manges Charlie Geffen, Chair of the London Corporate Practice Gibson, Dunn & Crutcher Christine Hodgson, Chair, CapGemini /The Careers & Enterprise Company David Hudd, Deputy CEO, Hogan Lovells 7 30% Club UK Members (ctd) FINANCIAL SERVICES Andrea Rossi, CEO, AXA Investment Managers Martin Armstrong, Chair, Armstrong Executive Search Ltd Baron David de Rothschild, formerly Rothschild Mark Austen, Chair LV= Asset Management David Roberts, Chair, Nationwide Building Society James Bardrick, Citi Country Officer, UK, Citi William Rucker, CEO, Lazard UK Sir Brian Bender, London Metal Exchange Kalpana Shah, Chair, Riverstone Managing Agency Ltd Andrea Blackman, Managing Director, Moody’s Analytics UK Mitesh Sheth, CEO, Redington Ltd. Ana Botín, Chair, Santander Andrew Sibbald, Senior MD, Vice Chair and CEO of Europe, Evercore Roger Cobley, Chair, Stamford Associates Tamira Treffers-Herrera, Regional Head Europe, Rabobank Noreen Doyle, Chair, Credit Suisse International, BBA, Newmont Mining Lance