Magda Wilcock https://smallbusinessprices.co.uk 2m 423 #leadership
The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.
A large study by the Peterson Institute for International Economics studied 21,980 businesses in 91 countries. The study found that companies with more women in the C-suite are more profitable than those without.
To explore this phenomenon further, SmallBusinessPrices.co.uk have created a leaderboard of UK companies that the largest and smallest number of female members on their Board of Directors, to discover if companies with more women are more successful overall.
SmallBusinessPrices.co.uk have created a leaderboard of UK companies that has the largest and smallest number of female members on the Board of Directors, to discover if companies with more women are more successful overall.
They did this by analysing publicly available data from The Financial Times Stock Exchange 100 Index (FTSE 100 Index) and The Financial Times Stock Exchange 250 Index (FTSE 250 Index).
The Financial Times Stock Exchange 100 Index
By analysing publicly available data, they have collated a leaderboard of UK companies that the largest and smallest number of female members on the Board of Directors. Among the top 25 companies in the FTSE 100 for women in leadership positions were:
Diageo PLC
Auto Trader Group
Burberry Group PLC
Admiral Group PLC
Rightmove PLC
Halma PLC
Severn Trent PLC
London Stock Exchange Group
ITV PLC
Melrose Industries PLC
Among the bottom 25 companies in the FTSE 250 for women in leadership positions were:
Vivo Energy PLC
CMC Markets PLC
Renishaw PLC
Carnival PLC
BALFOUR BEATTY PLC
Bodycote PLC
Homeserve PLC
Helios Towers PLC
Aston Martin Lagonda Global Holdings
Wizz Air Holdings
The top 25 companies in the FTSE 100 Report that had a larger number of women on their board of directors scored higher in every category such as culture and values, diversity and inclusion, work-life balance and career opportunities than those in the bottom 25.
For example, the average score for culture and values for companies in the top 25 was 3.9 in comparison to 3.5 for companies in the bottom 25.
Additionally, the average score for career opportunities for companies in the top 25 was 3.6 compared to 3.3 for those in the bottom 25.
Finally, the average score for diversity and inclusion rating for companies in the top 25 was 4, this figure was 3.6 for those in the bottom 25.
Overall, the data explored in the piece undoubtedly shows that companies with more women in leadership positions are more successful.
But it also shows that more needs to be done to get more women in leadership positions because both the top and bottom 25 companies in the FTSE had a ‘minus’ score for their gender pay gap.
The full details can be found here: https://smallbusinessprices.co.uk/ftse-companies-female-leaders/
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