Davies encouraged by female progress

A UK government-backed campaign to increase the number of women on company boards said it has made “encouraging” progress, even though half of big firms still have all-male boards.

A report earlier this year by Lord Davies called for a minimum of 25 per cent female board member representation on FTSE 100 companies by 2015, with a deadline this month for FTSE 350 firms to set out their own aspirational targets to achieve more gender diversity in the boardroom.