Women made up 24.5% of boards globally in 2022, a 1.9 percentage point increase from 22.6% in 2021, according to MSCI’s latest Women on Boards Progress Report which assessed 2,800 companies. Health care surpassed other sectors in 2022 both in terms of the total percentage of director positions held by women (27.3%) and the percentage of companies with at least 30% director seats held by women (45.4%). The percentage of female CEOs increased to 5.8% in 2022, from 5.3% in 2021 and MSCI projects that corporate boards globally will reach 30% and 50% targets for female representation by 2026 and 2038 respectively. The EU’s new target of 40% of non-executive director posts going to women by 2026 has been met by nearly half of EU-based constituents of the MSCI index of largest global companies. However, 1.8% of EU-domiciled companies lack any female directors and all-male boards can be found at 11.2% of companies in the MSCI ACWI Index, down from 14.2% in 2021. In related news, 40.2% of FTSE350 Board positions are now held by women, according to the UK government-backed FTSE Women Leaders Review launched this week.
Great to join today's #FTSEWomen Leaders Review launch. Encouraging reading, with the 2025 target for 40% women on boards already met 👏 & progress for #womeninleadership, but more to do. Good to see where FTSE energy cos are too 👀
— POWERful Women (@_PfWomen) February 28, 2023