A FTSE250 Group Company Secretary writes...
Earlier this year, the Institutional Voting Information Service (IVIS) issued a release announcing that from February 2019 in the current AGM season they would ‘Red Top’ companies on the FTSE 350 index which have no women, or only one woman, on their Boards. (IVIS will also Amber Top FTSE 350 companies where there is more than one woman on the board, but where less than 25% of the board is female.)
This hardly gives any time to ‘make amends’. Our Board comprises one female and 5 males (17%) – and we have been caught by this intransigent reaction. Do any other companies have this problem? If so how are you proposing to deal with it?
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