As a leadership coach, I was delighted to be asked to the 2016 KPMG hosted Female FTSE Board Report event today in Canary Wharf, London, which showcased recent research findings from Cranfield School of Management, City University, London and Queen Mary, University of London – www.som.cranfield.ac.uk/som/ftse.
The report reveals that the pace of change for women across FTSE 100 boards has stalled with a decrease in board turnover rates and a smaller share of new appointments in the six months from September 2015 to March 2016. However, the good news is that there are no longer any all-male boards in the FTSE 100.
Senior Partner and Chairman of KPMG, Simon Collins, welcomed the research into female advancement and leadership success, saying ‘I have no doubt that including a more diverse mix of experience and opinion within our leadership team…will make us a more profitable as well as a more responsible business’.
The report this year looks at gender balance below board level, across FTSE 100 Executive Committees, among other issues. Findings indicate that women hold only 19.4% of Executive Committee roles, and that these are more likely to be functional roles, rather than operational and C-suite ones.
Sir Philip Hampton, Chair of the Hampton-Alexander Review, spoke of the need to increase the number of women progressing to top roles at GSK. The company provides an 18 month programme to support the development of high performing mid-to-senior level female leaders and to date some 236 women have completed or are currently receiving individual and group coaching sessions.
Baroness Neville-Rolfe, Parliamentary Under-Secretary of State and Minister for Intellectual Property, Department for Business, Innovation and Skills, discussed the need for women to develop their communication skills while on boards. She said there should be an emphasis on the need to listen effectively, and develop the know-how over when to offer advice and how much.
This approach certainly rang a bell with my coaching activities where the individual voice is developed along with the skills of board effectiveness. Only then can we harness the unique ideas and talents of our board members to build stronger businesses.
For more information about individual and group coaching for business, please contact me: email@example.com and see my dedicated coaching web site: www.leadershippresentationbusiness.com