UK Tech Scale-Ups Reduce Gender Gap More than a third have no women on their boards
More than a third of the UK’s fastest-growing tech companies don’t have women on their boards, according to new research that highlights the staggering gap between rhetoric and reality about diversity in Britain’s tech sector.
A report from Global Growth Thinks and Grows found that women occupy 18% of Board positions among all members of Ek’s Real Scale-ups, while 36% of these companies do not have all Board members female.
This is despite the fact that 94% of Board members and Key Decision Makers say they believe a diverse board is critical to success.
The findings reveal a clear disconnect between the sector’s stated commitment to inclusion and its execution. The data, published in recent studies & recent growth, breaking and returning the next generation of high-impact boards, suggests that diversity may not be a priority on the board of many technology firms.
In comparison, listed technology companies are doing much better: Women now account for 41% of Board members in all FTSE 350 Tech firms, more than the number seen among the ups. This development has been driven in part by financial diversity and inclusion laws, which require at least 40% female representation on boards.
The dispute emphasizes the importance of regulatory structures in driving change and the need for funds – UPS-unbearable – for such needs – embedding against their governance models.
Underrepresentation reaches across the board table. 12% and 16% of fast-growing tech firms are led by a female CEO or founder, and the same proportion have a female chair.
While these statistics reflect the FTSE 350 technical sector, large listed firms are more likely to include women in other senior roles such as chief operating officer, or senior manager. In the FTSE 350 technology sector, 28% of senior leadership roles are held by women, and 80% of companies have appointed at least one woman to a senior position.
A mind that thinks and grows and draws connections between diversity and commercial results. More than a third (35%) of senior decision makers believe that diverse boards improve customer representation, while others improve problem solving and better identification of blind spots.
Most notably, companies with capital above millions of
The same pattern is seen among the listed firms: Those with an income of more than £ 500 million reported board presentations of 42%, compared to 37% of smaller firms.
Despite the grim statistics, there are early signs of improvement. Startups founded in the last five years have, on average, 25% board representation – more than double that of older firms. Almost all the members of the Board surveyed (93%) agreed that the progress in the construction of gender made in recent years, signals the cultural momentum among the next generation of the next technological entrepreneurs.
Jonathan Jeffries, CEO and founder of Cabanga & Khula, emphasized that diversity is not a moral imperative but strong business companies –
“Developing diversity is not just a social responsibility, it’s a strategic advantage. Founders who prioritize inclusion from the woodwork days to create problems quickly, look around the corners of markets and people.”
Founded more than 16 years ago, think and grow has advised some of the most high-profile technology firms – including line, square, dropbox, peloton, and etsy – to help them navigate the challenges of global markets.
