The 30% Club is a group of industry women, supporting Chairmen and organisations, which was launched in 2010 with the aim of achieving 30% female representation on FTSE boards.
In May 2010 Helena Morrissey, CEO of Newton Investment Management, and Labour peer Mary Goudie were chatting after a meeting about Cranfield School of Management’s Female FTSE Report, which revealed how few women were making it into top positions.
They agreed that talking was not enough to get more women into the boardroom. A concerted effort by the business community was required – spearheaded by a non-commercial organisation to coordinate activities.
Two Chairmen – Sir Roger Carr of Centrica and Sir Win Bischoff of Lloyds Banking Group – had declared their commitment within hours of the idea being floated. The 30% Club was formally launched in November 2010.
The 30% Club works to bring about transformation by encouraging and supporting chairmen to appoint more women to their boards and providing information and help for businesses trying to improve their diversity at all levels.
In 2011 Lord Davies released a report called Women on Boards which set the target for a minimum of 25% female representation on FTSE 100 boards by 2015.
This target was increased to 33% by 2020 in October 2015 for FTSE 350 companies.
In March 2013 the 30% Club launched in Hong Kong with 41 founding local Chairman and soon after it launched in Southern Africa with further Clubs in the US, Canada and Ireland.
Latest news on the 30% Club
In March 2015 the 30% Club welcomed the updated release of the Lord Davies Review’s report called Women on Boards. The report was originally released in 2011 setting the voluntary target of 25% of women on FTSE 100 boards by the end of 2015.
In April 2015 the 30% Club launched its technology group. Led by Melissa Di Donato, Area Vice President, Salesforce, the group works to increase female representation on the boards of technology companies.
Read about the founder of the 30% Club
Helena Morrissey was appointed CEO of Newton Investment Management at the age of 35, at a time when she already had five children. Now having nine (of her own!), she is managing 400 employees and a huge turnover. In 2010, Helena founded the 30% Club, wanting to see more women on boards.
In June 2014 the 30% Club released a report called Mothers on Boards which compared the level of support for working mothers to the proportion of women in senior management across eight countries that are part of the Convention on the Organisation for Economic Co-operation and Development (OECD).