Top jobs in the UK’s technology firms are dominated by men, with over four times more men than women on their executive boards.
Just 18.3% of the board members on UK’s TECHmark companies are women, compared to 81.7% men, according to our analysis. Among FTSE 100 companies, 22.8% are women.
The TECHmark is a specific part of the London Stock Exchange for “specialist segments of the Main Market focusing on innovative technology”.
According to Bloomberg’s profile pages for the 60 companies, their boards have at least 533 men and 119 women on them. One fifth of the companies have no female board members at all.
This means that tech companies are performing worse than FTSE 100 companies.
A government report revealed that women’s representation on FTSE 100 boards was 22.8%. There are no male-only boards in the FTSE 100.
When announcing the report, Business Secretary Vince Cable said:
British businesses must keep up the momentum and alarm bells should be ringing in the ears of those FTSE chairs who are not yet doing their bit to improve gender diversity.