Boardrooms 'not complying to recommended ratio'

News Article - 20 November 2007
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Independent directors are accounting for less than half of the board in11 per cent of FTSE 100 companies and 29 per cent of FTSE 250 firms, according to Deloitte.

The research is comes despite the recommendation that there should be a 50:50 ratio of executive to non-executive directors in the boardroom.

Deloitte also claims 59 per cent of FTSE 350 firms experienced changes in boardroom composition last year, compared with 68 per cent the previous year.

"For a number of years many boards have had to dedicate more focus to process and compliance issues than might be considered desirable," commented head of remuneration at the firm Carol Arrowsmith.

The research also found that ten per cent of non-executive directors are female, despite a ten per cent increase in the number of non-executive directors as a whole over the past five years.

Deloitte was named as one of the top 50 firms women wish to work in, according to the Time and Aurora.

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