The FTSE Women Leaders Review is the third and successor phase to the Hampton-Alexander and Davies reviews. It is the UK’s independent, voluntary and business-led initiative supported by government, aimed at increasing the representation of women on FTSE 350 Boards and in their leadership teams.

For the first time data from the Top 50 largest private companies is included in the report.

Women’s representation now stands at 40.2% on boards of FTSE 350 companies, an all-time high and up from just 9.5% in 2011.