In 2024, FTSE 350 companies had women on 43.4% of company boards compared with 40.2% a year earlier, while women held 35.3% of leadership roles versus 33.5% in the previous year, the FTSE Women Leaders Review report said.
Board positions can include non-executive positions that lack decision-making functions akin to the role of a CEO.
Still, the government said overall progress was positive, given Britain’s voluntary, business-led approach to diversity.
Almost three quarters of the FTSE 350 companies were meeting or exceeding the 40% target, the report said.
“We must break down the barriers that stop many women being represented in decision-making roles, so that top talent reaches the highest levels of leadership in businesses driving economic growth across Britain,“ she added.
Among Britain’s 50 biggest private companies, the proportion of women on boards of directors was less than at their public counterparts, at 31%, the report said.
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