Only one in 14 AIM board appointments are women

Despite a drive to appoint more women to the boards of companies across the UK, only certain areas within business are making any progress.

The companies in the FTSE 100 are collectively on course to meet a target of having women on 25% of all boards, even though the number of female executives was lagging behind.

However, research released today by headhunting firm Norman Broadbent, BDO and Quoted Companies Alliance reveals that only 7% (one in 14) of non-executive board member appointments to AIM (Alternative Investment Market) company boards during the last three years have been women.

Companies listed in the AIM are smaller, growing firms. The findings demonstrate that the proportion of women on and being appointed to AIM boards is severely lagging behind all other UK quoted companies, which boast around three times as many female non-executive directors overall.

Norman Broadbent chief executive Sue O’Brien said: “With so much being said about numbers on boards at the moment, we wanted to break these figures down and see where the real issues are, which is why we commissioned this research with BDO and the Quoted Companies Alliance.

“Boards should have the appropriate balance of skills, experience, independence and knowledge, and diversity is a key component of, not only good corporate governance, but of successful businesses. Fast moving sectors such as retail appear to have embraced this, with non-executives bringing more current experience which provides the fresh thinking that this sector needs.”

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