The second annual report delivered by the Pipeline has showed that the gender diversity of some companies have regressed. The Women Count 2017 report looks at the number of women who hold positions on Executive Committees of companies that feature in the FTSE 350. The figures of the report has shown that only 16% of the members of the Executive Committees are women. This is the same percentage as last year, 2016, showing that the promotion of women into the senior roles of big companies has made no more progress.
In another disappointing statistic from the Women Count report, more companies than before have no female members of the Executive Committee and no women in profit and loss roles than they were in 2016.
The report created and published by The Pipeline has stated that there is a lot of work to be done in order to improve the industrial world for Women. When looking at the construction companies that are featured in the FTSE 350, it was found that a measly 6% of construction companies have Executive Committees that are at least 25% female. This figure is nineteen percentage points below the average. Construction companies also have a below average proportion of women occupying Profit and Liability roles, at 27% as opposed to the FTSE 350 average of 35%. As a slight improvement, the Women Count report did find that the construction sector is slightly above average when it comes to the number of women executives that sit on main plc boards, with 22% of members being female in comparison to the average of 16%.
Analysis that has been carried out as part of the Women Count 2017 report shows that there are economic benefits to hiring more women into these positions, with net profits of those with more women in senior roles almost double than those with fewer women.