Investor action group to press for more women on boards

16 Nov

The 30% Club has set up an investor action group to help ensure companies are doing more to improve boardroom diversity.

The group – which includes major institutional investors Aviva Investors, The Co-operative Asset Management, F&C Investments, Jupiter Asset Management, Legal & General Investment Management, Newton Investment Management and Railpen – will push the business case for having more women on boards with chairmen and management teams who decide senior appointments.

This move marks the first anniversary of the 30% Club, which was set up to improve gender diversity in British boardrooms, setting itself a target of 30% female representation on FTSE 100 boards by 2015. Currently that figures stands at 14.6%.

Helena Morrissey, founder of the 30% Club and CEO of Newton Investment Management, said: “As we look forward to 2012, we should continue to challenge companies whose boards remain too male dominated and ‘identikit’. Only by holding these firms to account will we see the changes we have set out to achieve. This is one of the primary functions of our newly launched investor group, and we look forward to working with members of this group to tackle these boards and encourage change at the very heart of the issue.”

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