Organisations are encouraged to participate in a process of change and increase gender diversity in the boardroom.
New research shows that despite progress in gender diversity at Board level and below, the number of women at executive committee level has not increased in global companies.
The lack of progress is highlighted in a collaborative research project between KPMG, Why Women Work, YSC and the 30% Club which shows there has been no increase in female participation in executive committees for over two years in FTSE 100 companies.
Responding to the findings, Darina Barrett, Partner at KPMG in Ireland, said: ‘While progress is being made in Irish businesses, we have long known that women are underrepresented at Board level. A bottleneck remains for women at executive committee level and various barriers must be overcome if women are to advance in Irish business. Measures such as monitoring and openly reporting the progress of women in organisations may help to encourage a process of change.’
Despite improvements at every other level of the executive pipeline in the wider FTSE 250, the number of senior female executives at executive committee level in the UK has remained static at 17%. The number of women holding roles in the ranks immediately below the executive committee increased by 2%, to 25%, in 2016. The research also analysed 850 roles in executive committees in the FTSE 100 and looked at diversity data from 15 large corporates.
KPMG in Ireland employs 2,400 people across its audit, tax and advisory services from offices in Dublin, Belfast, Cork and Galway. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services.
KPMG is a global network of professional services firms providing Audit, Tax and Advisory services. We operate in 155 countries and have 174,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
The world’s premier independent leadership consultancy. YSC partner with clients across their leadership and talent agendas, helping organisations to achieve sustainable success by releasing the power of their people. They make broad impact through deep insight, underpinned by rigorous independence and led by qualified, characterful and authentic consultants. YSC are global in reach, supporting iconic multinational, regional and local companies, as well as government bodies and not-for-profit organisations. Key client offerings include cutting-edge services and thought leadership in the arenas of Board and CEO development and succession planning; executive assessment; executive coaching; leadership development; leadership frameworks and culture change; diversity and inclusion; executive team development; and emerging talent and identifying potential.
Why Women Work is an innovative social enterprise, founded in 2015, to boost the number of women in corporate leadership roles. Our aim is to create an ecosystem that gets the best collective leadership out of male and female talent and enables experiential diversity to feed into a vibrant, innovative organisation that outperforms. Partnering can range from advisory services on diversity initiatives, to demonstrating a live, localised business case for diversity, through to executive collective coaching (‘E-Co-Coaching’) on changing the diversity climate.
The underlying ethos is always the same; to understand what is working for men and women in a specific context and to use this insight to accelerate change. We draw on cognitive and social psychology along with emerging neuropsychology and behavioural economics to tailor the solution according to the evidence. Run on a commercial basis, all profits are channelled into supporting pro bono research and community activism on gender diversity.