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Women rare on boards of smaller firms

Female executives are less likely to be appointed to the board of an Alternative Investment Market-listed (AIM) company than a larger FTSE 350 firm, according to a survey by professional services group Deloitte. Research by Deloitte shows that women make up only three per cent of AIM company boardrooms compared to ten per cent in the FTSE 100. The AIM, a submarket of the London Stock Exchange (LSE), allows smaller companies to float shares. However despite the gender imbalances, the survey also highlights that within the AIM-listed companies youth is far more prominent. More than a third of executive directors in AIM companies are under the age of 45 compared to about a quarter in FTSE SmallCap and none in FTSE 250 companies. Turnaround within the boardroom is also more common in AIM-listed companies with the average length of service for an AIM executive director standing at only four years compared to eight years in FTSE SmallCap, ten years in FTSE 250 and 12 years in FTSE 100 organisations.

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