Men and Women Working Together for Real Change
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Men and women working together for real change November 2017 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 233 members of the UK Club and the proportion of female FTSE‐100 directors has risen from 12.5% to 27.9%*. 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 24.5%*) . 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, October 2017 1 **Hampton‐Alexander Review | FTSE Women Leaders, November 2017 Women on Boards: a breakthrough 30.0 27.0 27.9 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 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 . 42 companies have already reached 30%* . 62 companies have already reached 30%* . 49% women NEDs –focus now on exec roles at 12%** . 38% women NEDs –focus now on exec roles at 7%** . 0all‐male boards* . 8all‐male boards, down from 131 in 2010* Sources: *BoardEx, October 2017 2 **Professional Boards Forum BoardWatch 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 UK Members FTSE‐100 John Allan, Chair, Barratt Developments*/ Tesco Xavier Rolet KBE, CEO, London Stock Exchange** Richard Baker,Chair, Whitbread* Steve Rowe, CEO, Marks & Spencer** John Barton, Chair, EasyJet* Carl‐Henric Svanberg,Chair, BP Alison Brittain, CEO, Whitbread Sidney Taurel, Chair, Pearson* Donald Brydon, Chair, Sage/ London Stock Exchange David Tyler, Chair, Hammerson/ Sainsbury’s* Dame Alison Carnwath, Chair, Landsec* Mark Wilson, CEO, Aviva** Sir Roger Carr, Chair, BAE Systems* Vittorio Colao, CEO, Vodafone FTSE‐250 Ian Davis, Chair, Rolls Royce* Charles Berry, Chair, Senior*/ Weir* Andrew Duff, Chair, Severn Trent* Geoff Cooper, Chair, Card Factory* Anita Frew,Chair, Croda International Andrew Duff, Chair, Elementis* Liv Garfield, CEO, Severn Trent** Sir Charles Dunstone, Chair, TalkTalk Sir Peter Gershon, Chair, National Grid Ian Durant, Chair, Greggs*/ Capital & Counties Properties John Gildersleeve, Chair, British Land Jayne‐Anne Gadhia CBE, CEO, Virgin Money** Sir Gerry Grimstone, Chair, Standard Life Aberdeen Moya Greene,CEO, Royal Mail Group ** Sir Philip Hampton, Chair, GlaxoSmithKline* Andrew Higginson, Chair, N Brown* Rick Haythornthwaite, Chair, Centrica Stephen Koseff, CEO, Investec Andrew Higginson, Chair, WM Morrison Paul Lester, Chair, Essentra Robert Noel, CEO, Landsec ** Greg Lock, Chair, Computacenter Susan Saltzbart Kilsby, Chair, Shire* Frank Meysman,Chair,Thomas Cook Group* John McFarlane, Chair, Barclays Glen Moreno, Chair, Virgin Money* Sir Adrian Montague, Chair, Aviva Sir John Parker, Chair, Pennon Group* Patrick O’Sullivan, Chair, Old Mutual* Sir Ian Powell, Chair, Capita Sir John Peace, Chair, Burberry* Preben Prebensen, CEO, Close Brothers Group Paul Polman, CEO, Unilever ** Sir Nigel Rudd, Chair, BBA Aviation/ Meggitt Sir Michael Rake, Chair, Worldpay Group Jon Stanton, CEO, Weir * 30% or more women on board ** 30% or more women on Exec Comm & DRs 4 Source: BoardEx, September 2017 Source: Hampton‐Alexander Review, November 2017 30% Club UK Members (ctd) PROFESSIONAL SERVICES Lisa Mayhew, Managing Partner, Berwin Leighton Paisner John Amaechi, CEO, Amaechi Performance Systems Mike McTighe, Chair, WYG plc Ian Anderson, Executive Director, Iceni Projects Carlos Miranda, CEO, I.G. Advisors Nicolas Aubert, CEO, Willis Towers Watson GB Steve Mitchener, CEO, NTT DATA UK John Banister, CEO, Wiggin Ann Olivarius, Senior Partner, McAllister Olivarius Antonia Belcher, Senior partner, MHBC Chris Osborne, Co‐Chair, Europe, Middle East and Africa, FTI Consulting Ray Berg, Managing Partner, Osborne Clarke Nick Owen, Chair, Deloitte UK Mark Bomer, Senior Partner, BDO Stephen Parish, Global Vice Chair; Chair, Europe, Middle East and Asia, Norton Rose Fulbright Marcus Bowman, Managing Partner, Holman Fenwick Willan LLP David Patient, Managing Partner, Travers Smith Edward Braham, Senior Partner, Freshfields Bruckhaus Deringer Paul Smith, Chair, Eversheds Clare Butler, Global Managing Director, Laurence Simons Alexander Y. Thomas, Global Managing Partner, Reed Smith Alex Chadwick, Managing Partner, Baker & Mackenzie Ben Tidswell, Chair, Ashurst Michael Chissick, Managing Partner, FieldFisher Steve Varley, Chair and UK&I Managing Partner, EY Emma Cleveland, Managing Director, Cleveland & Co. Associates Penelope Warne, Senior Partner and Chair of the UK Board, CMS Cameron McKenna Jeremy Cohen, CEO UKMEA, Dentons Simon Williams, CEO, NTT Data UK Simon Collins,Chair and Senior Partner, KPMG UK Steve Cooke, Senior Partner, Slaughter and May FINANCIAL SERVICES David Cruickshank, Chair, Deloitte Global Martin Armstrong, Chair, Armstrong Executive Search Ltd Fiona Dunsire, UK Market Leader and CEO, Mercer UK Mark Austen, Chair LV= Asset Management Robert Elliott, Senior Partner, Linklaters James Bardrick, Citi Country Officer, UK, Citi Richard Foley, Senior Partner, Pinsent Masons Sir Brian Bender, London Metal Exchange Michael Francies, Managing Partner, Weil, Gotshal & Manges Andrea Blackman, Managing Director, Moody’s Analytics UK Charlie Geffen, Chair of the London Corporate Practice Gibson, Dunn & Crutcher Ana Botín, Chair, Santander Christine Hodgson, Chair, CapGemini /The Careers & Enterprise Company Roger Cobley, Chair, Stamford Associates David Hudd, Deputy CEO, Hogan Lovells Michael Cole‐Fontayn, Chair, BNY Mellon EMEA Simon Konsta, Senior Partner, Clyde & Co Noreen Doyle, Chair, Credit Suisse International, BBA, Newmont Mining Matthew Layton, Managing Partner, Clifford Chance Kevin Ellis, Chair & Senior Partner, PricewaterhouseCoopers 5 30% Club UK Members (ctd) FINANCIAL SERVICES CONTINUED RECRUITMENT/ EXECUTIVE SEARCH Sian Fisher, CEO, Chartered Insurance Institute Chris Cooke, CEO, NP Group Peter Flavel, CEO, Coutts Juliet Eccleston, CEO, AnyGood? Karin Forseke, Chair, Sisters Capital Karen B. Greenbaum, President and CEO, AESC Euan Fraser, Global CEO, Alpha Financial Markets Consulting Brian Hamill, Chair, Redgrave Partners Hans Georgeson, Managing Director, Architas James Haspel, Managing Partner, J. D. Haspel Richard Gnodde, Co‐CEO, Goldman Sachs International Richard Pickard, CEO, Longbridge John Heaps, Chair, Yorkshire Building Society Jeremy Mobbs, CEO, Wilton & Bain Lady Barbara Judge, Chair Institute of Directors / Pension Protection Fund Sharon Mullen, Founding Director, Mullwood Partnership Rich Laxer, President and CEO, GE Capital International Nina Alag Suri, Founder and Chief Entrepreneur, Nastrac Julie Meyer, Chair and CEO, Ariadne Capital Owen Thomas, Principal, DGJ Search Nicolas Moreau, Head of Deutsche Asset Management Alice Weightman, Founder & CEO, Hanson Search Helena Morrissey, Chair, The Investment Association John Nelson, Chair, Lloyd’s of London COMMUNICATIONS/ MEDIA Sir Simon Robertson, Founder, Simon Robertson Associates Susan Gilchrist,CEO, Brunswick Group Baron David de Rothschild, formerly Rothschild Debbie Klein, CEO, Engine Europe and Asia William Rucker, Chair, Crest Nicholson / CEO Lazard UK Hugh Morrison, Founding Partner, Montfort Communications Mitesh Sheth, CEO, Redington Ltd. Sir Alan Parker, Chair, Brunswick Group Andrew Sibbald, Senior MD, Vice Chair and CEO of Europe, Evercore Clare Parsons, Chair, Lansons Tamira Treffers‐Herrera, Regional Head Europe, Rabobank CORPORATE Paul Smith, President and CEO, CFA Institute Ibilola Amao, Principal Consultant, Lonadek Limited Lance Uggla, President, IHS Markit Stuart Chambers, Chair, ARM Holdings/ Rexam Sir David Walker, Chair, Winton Capital Group Robert Gillespie, Chair The Boat Race Company Bob Wigley, Chair, Tantalum Corporation Peter Hickson, Chair, Communisis Roger Yates, Chair, Pioneer Investments Brent Hoberman,Chair, mydeco.com / made.com Sir George Iacobescu, Chair and CEO, Canary Wharf Group 6 30% Club UK Members (ctd) CORPORATE CONTINUED Professor Alistair Fitt, V‐C, Oxford Brookes University Dame Fiona Kendrick, Chair & CEO, Nestlé UK & I Professor