Women occupy two out of five board seats at FTSE 350 companies, reaching the target three years early.
The annual FTSE Women Leaders Review found 40.2% of directors at the UK’s largest listed companies were women last year, surpassing the voluntary threshold set for 2025.
The proportion has risen from just 9.5% 11 years ago.
The successor to the Hampton-Alexander and Davies Reviews found that almost a fifth of FTSE 350 boards have a female chair, although there were just 21 female chief executives across the main listed markets.
The review concluded there was “still more to do” to lift female representation on FTSE 350 executive committees, which stood at 27% last year. The number of all-male executive committees in the FTSE 350 fell to 10 from 54 in 2017.
