IA and Government clamp down on 'one-and-done' boards

One fifth of UK large caps fall short on gender diversity

The Investment Association (IA) and the Hampton-Alexander Review have written to 69 companies in the FTSE 350 with no women or just one woman on their board requesting them to outline their action plans on making progress in gender diversity.

The letter reiterates companies must meet the Hampton-Alexander targets of 33% of women on their board and leadership team by 2020. In February, the Institutional Voting Information Service (IVIS), the IA's voter information service, will give a 'red-top' - its highest warning level - to so-called 'one-and-done' companies who have just a single woman on their board. Chief executive of the Investment Association Chris Cummings issued a call to arms for companies to do more than "take the tokenistic step of appointing just one woman to their board and consider that job done". IA reve...