As we reflect on the decade since the Davis Report on Women on Boards, there is the opportunity to celebrate and commiserate on what has been achieved.

As we see from the recently published Spencer Stuart Board Diversity Index 2021 and the Female FTSE Board Report by Cranfield University, there are many successes to proclaim on the gender progression and minority representation on Boards. However, there are two glaring and highly impactful ‘black holes’ in key crucial positions which mute this celebration. We have got nowhere near solving the inequality of women in the key CEO leadership positions and nowhere near a 40% women leadership of our Boards.