Fidelio is delighted to have been accredited by the UK’s FTSE Women Leaders Review (formerly the Hampton Alexander Review) for the fifth year running for our contribution towards achieving gender balance on Boards and leadership teams in the category ‘Beyond FTSE 350’.
This reflects Fidelio’s track record in Search: in the last 12 months we have achieved a proportion of 70% female appointments and 43% ethnically diverse appointments across both Non-Executive Director and Executive roles. Fidelio is also recognised for its contribution to driving diversity through Evaluation and Development assignments in quoted, private and charitable organisations.
Fidelio’s Diversity Contribution
Fidelio was delighted to be recognised as an Executive Search Firm at the forefront of helping Boards achieve gender balance. This reflects our quoted company expertise and ongoing work with FTSE companies, as well as the breadth of Fidelio’s Search activity and engagement with organisations located in the UK and internationally, including:
Leading quoted companies
Privately held companies
Government and regulatory bodies
As a Board Development and Search firm committed to Building Better Boards and recognised for our contribution to ESG, Fidelio contributes to increasing gender and ethnic diverse Boards:
Search – Building diverse Boards and leadership teams in the UK and internationally
Development – Building a diverse pipeline of Chairs, CEOs and Board Directors for our clients internationally (50% of Fidelio’s engagements are outside of the UK)
Evaluation – Enabling Boards to increase their effectiveness and provide leadership in diversity and inclusion
ESG – Supporting Boards and business leaders to meet society’s expectations in terms of diversity, inclusion and composition, including through the ESG Leadership GRID
FTSE Women Leaders: Significant Progress in Diversity
FTSE Women Leaders has released its annual review summarising the progress made on gender diversity on UK Boards and Executive Committees in 2021. This is the first year of the FTSE Women Leaders Review, the successor to the Hampton-Alexander and Davies Reviews which started in 2011 It is an independent, voluntary and business-led initiative supported by the UK Government, aimed at increasing the representation of women on FTSE 350 Boards and in their Leadership teams.
Key indications of progress include:
The representation of women on FTSE 100 Boards is now 39.1%
The representation of women on FTSE 250 Boards is now 36.8%
The representation of women on the combined Executive Committee and Direct Reports is now 32.5% in the FTSE 100
However, more needs to be done both to consolidate what has already been achieved, and to drive further change. Fidelio thoroughly embraces the four new targets the FTSE Women Leaders initiative has recommended for continued progress:
40% female representation on FTSE350 Boards and leadership teams by end 2025
By end 2025 FTSE 350 companies should have at least one woman in the Chair or Senior Independent Director role on the Board, and/or one woman in the Chief Executive Officer or Finance Director Role
Best practice guidelines from key stakeholders such as investors to lock in progress in the FTSE350
The scope of the FTSE Women Leaders targets is to be extended beyond the FTSE350 to the UK’s 50 largest private companies by sales
Drive Diversity in Your Boardroom
If you are seeking to increase the diversity of your Board and leadership team, please contact Mark Cumberlege for further details.