Firms ”reluctant to appoint women”

business woman

business womanWorking mums might be pleased to hear that many companies have increased their number of female board members.

An official report by the Cranfield School of Management revealed that one in three firms listed on the FTSE 100 Index are implementing recommendations to have at least 25% female board members by 2015.

The proposals to boost female board representation formed part of the Government-commissioned Lord Davies review which was released in February.

There's still much room for improvement, however, as the Cranfield report found that the majority of companies are reluctant to appoint more women to their boards.

Its progress check showed that only 21 women have recently been appointed to vacant positions, compared with 72 men - a rate of 22.5%.

Lord Davies also said companies should reveal their appointment targets within six months, but only one in three have done so, according to the Cranfield research.