Halma ranks top 10 for Women on Boards
27 February 2024
Halma, the global group of life-saving technology companies, has come in the top 10 best performers for Women on Boards in the 2023 FTSE Women Leaders Review.
The FTSE Women Leaders Review is a UK government-backed, business-led voluntary initiative focused on increasing the representation of women on Boards and Leadership Teams in the FTSE 350 and 50 of the UK’s largest private companies. The Review builds on the work of the Hampton-Alexander and Davies Reviews which preceded it.
Halma’s top 10 position builds on its position last year, when it was ranked 13, and highlights the ongoing efforts to improve gender diversity on its plc and Executive Boards and in its direct reports to Executive Board members.
Today women make up 50% of Halma’s plc Board, including two of Halma’s key board roles – Chair and Senior Independent Director. This is above the 42.6% threshold for Women on Boards for FTSE 100 companies. In addition, the gender balance among Women in Leadership (defined as the Executive Committee and Direct Reports to the Executive Committee on a combined basis), has also improved considerably with women making up 40% of those roles.
Halma has led from the top by getting the right representation on gender and ethnicity on both its plc and Executive Boards. As a group of 48 companies, which each has its own board of directors, the ambition is to go even further. Halma has set a target for these company leadership teams to be within a 40 – 60% gender balanced range, and all of Halma’s top 100 Executives are remunerated on achieving this target.
Commenting on the Report, Halma’s Group Talent, Culture & Communications Director, Jennifer Ward, said:
"It is pleasing to see that significant progress has been achieved in bringing women to leadership positions in British business since the start of the review, and it’s even more gratifying to see our own progress at Halma, especially with two of the top four roles on our plc Board – Chair and Senior Independent Director – being held by women.
We know there is more to do, and that’s why we have set an ambitious target for the leadership teams of all 48 companies in our group to achieve a 40 – 60% gender balanced range. As a signal of our intent, we are remunerating our top Executives to reach this target.
Building inclusive businesses isn’t just the right thing to do, it can help us win. Diverse teams help us see more opportunities and can drive our growth. That’s why we want to recruit and develop diverse talent across our portfolio of businesses and create inclusive environments to enable that talent to thrive”.
Read the full report here: ftsewomenleaders.com
