More women than ever are now sitting on the boards of Britain’s biggest companies but the top jobs continue to be dominated by men The Government is attempting to bring equality to the boardroom even considering setting quotas. However insisting that boards have a minimum number of women will not in any way change the real power and influence which continues to be with men. The vast majority of women on FTSE 100 boards are non executive directors not chief executives or financial directors. Not a single FTSE 100 company has achieved equality in the boardroom. But the picture is far worse in FTSE 250 companies, where one in five boards do not have a single woman on them and 50% of boards are still all male. It is not just the number of women but the positions of influence they hold; CEO’s and chairs of boards.
Quotas will do nothing to convince boards they need women. Even if quotas are introduced and achieved is there a preparedness to listen and believe in women’s decision making capabilities? 30% of women sited male attitudes as a reason for lack of success. It is only by changing attitudes that equality will be achieved.
There is definitely a lot less overt sexism but there is still a lot of covert bias which of course is totally understandable given that only 50 years ago women’s place was predominantly in the home. Men need to actively believe they need the skills of women and this can only be done by empirical evidence. It is not a question of equality per se but about being recognised for the complementary skills that women bring to business. A head on fight is not the answer, women we need to sell their skills to convince men that women are an invaluable asset in the board room.