Bigger firms do better at board gender equality
The UK’s glass ceiling may be showing signs of cracking after new research revealed women now hold directorships in just over a third of UK businesses, with larger firms leading the way, according to consultancy firm Procorre.
The new figures suggest Britain’s SMEs have a lot to learn from their bigger counterparts after the data showed over 57 per cent of firms listed on Companies House with a turnover of £1bn plus now have at least one female director on the board.
In contrast, the figure falls to 47.3 per cent of firms with a £500m to £1bn turnover; 36.8 per cent of firms with a £25.9m to £500m turnover; 35 per cent in firms with turnovers between £1m and £25.9m; and 34.7 per cent in businesses with turnovers of between £100,000 and £1m.
“SMEs are struggling far more to retain and develop female talent,” said Procorre’s Sophie Sarrat.