"The UK's fastest growing technology startups and scaleups lack of women in top positions, according to research. Consultancy Think & Grow's recent study, Breaking and remaking the next generation of high-impact boards, found that only 12% of the fastest growing startups in the UK have a female CEO, chair or founder, and 36% have no women on their boards. But those at the top of these organisations know it is important to have diversity on boards and in the C-suite,"
"Most senior decision-makers at UK tech companies recognise the importance of board-level diversity, but many scale-up companies are failing to leverage the opportunities this brings. Successful companies need to think about diversity in corporate governance from day one, the founders who prioritise inclusion early can build boards that see around corners, solve problems faster and understand a broader range of markets and people."
"Think & Grow's research found that women make up only 18% of board roles within UK technology scaleups, though diversity at board level gets better depending on company size and revenue. Scaleups with revenue exceeding £50m, or scaleups founded in the past five years, have more women at board level. In FTSE 350 technology firms, women make up 41% of board directors."
Only 12% of the fastest-growing UK startups have a female CEO, chair or founder, and 36% have no women on their boards. Ninety-four percent of board members and senior leaders say board diversity is integral to company success. Women occupy 18% of board roles within UK technology scaleups, with higher representation in scaleups with revenue above £50m or those founded in the past five years. FTSE 350 technology firms show 41% female board directors. Senior tech leadership and FTSE 100 CIO roles remain around one-fifth to one-quarter female. Larger listed organisations face a 40% minimum FCA board representation requirement.
Read at ComputerWeekly.com
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