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Home / Latest News / Swansea beats Cardiff in league table for women on boards

Swansea beats Cardiff in league table for women on boards

Swansea has outpaced Cardiff  in appointing women to company directorships in the past year.

The city came 64th among the  top 100 UK towns for female  director appointments last  year, well ahead of Cardiff  which came in 81st place.

The percentage of female directors in Swansea in 2012 was  31%. Newport recorded a figure of 30.6% and Cardiff just  28.5% – below the average for  UK towns and cities of  29.9%.

The figures are released in research by company formation  agents Duport.co.uk.

Managing director of  Duport.co.uk, Peter Valaitis  said: “Considering that Cardiff  is the capital of Wales, it is  impressive that Swansea has  come out on top for female  director appointments.

“More female directors will  help bring fresh business ideas  to the city, enlivening the local  economy in years to come.”

Joy Kent, chief executive of  Chwarae Teg, said: “It’s great  to see Swansea leading the  way, yet understandably it  would be even better if both  cities featured higher up.

“Chwarae Teg fully endorses  the views in respect of the  benefits of having more  women in director positions,  and would add that having  leaders of companies who  more accurately reflect their  customer base is good for business.”

Cardiff also performed badly  compared to its South Wales’  neighbours in appointment of  young directors.

The percentage of directors  under the age of 25 in Cardiff  was 3.4% compared to the UK  figure of 3.8% last year. In  Newport it was 6.7% and in  Swansea 4.6%.

All three cities scored below  the UK average in having directors over the age of 65.  Cardiff had 3%, Swansea 3.5%  and Newport 3.6%.

The average age of a director in  Cardiff was 42.5, in Newport  41.9 and in Swansea 42.2.

Robert Lloyd-Griffiths, director of IoD Wales, said: “The  findings of this survey and the  diversity of directors we have  here in Wales doesn’t come as  a surprise to me.

“Interestingly, the demographics of award winners and award  entries for our recent Institute  of Directors’ Director of the  Year Awards indicates what a  cross-section of talented directors we have and is also indicative of IoD membership  here in Wales. 

“Obviously, not all directors in  Wales are members of the IoD.  It would be great if they were,  but I am increasingly impressed by the calibre of young  directors taking on the responsibilities that they do at  such a young age.

“I don’t categorise directors in  terms of age, sex or colour, but  am simply immensely proud of  the variety of directors we have  within businesses of all sizes in  Wales and with the exemplary  work that they do on a day to  day basis.”

He added: “Many people are  under the misconception that  the IoD is all ‘male, pale and  stale’ and have the idea that our  members are all bowler hatted  and three-piece suited with  briefcase in hand.

“While our more experienced  members obviously have a  wealth of knowledge to offer  our younger members, we  really are a broad church with a  huge variety of interests and a  huge pool of talent and entrepreneurship.

“We have seen a resurgence in  our Young Directors meetings,  which is great and 70% of our  members are from SMEs,  which debunks this myth that  our members are all from  blue-chip companies.

“Both our North and South  Wales chairs are female, but  we don’t really tend to make  the division. They are in their  positions because of their talent and leadership skills.”

Last year was a record year for  company registrations in all  three cities. Cardiff saw 2,974  new companies being formed,  13% more than in 2011.

Swansea also saw a 13%  growth in new company registrations,  (1,165), and Newport 13.3% (794). These  compare to a UK figure of   8.6%.

Company dissolutions were  down in all three cities, in   Cardiff by 5.3%, Swansea  1.4% and Newport 0.4%. The  average decrease for the UK  was 6.6%.

The net growth in registered  companies was 44.4% in  Cardiff, 35.5% in Swansea and  40.4% in Newport. The UK  average was 43.8%.

In 2012 Cardiff had 0.6% of all  UK companies, Swansea 0.2%  and Newport 0.2%. All these  figures were unchanged on the  previous year. 

 

 

 

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