Friday 20 April 2018

CRH sets target of 25pc women on the board by 2015

CRH: Director Maeve Carton
CRH: Director Maeve Carton
Sarah Stack

Sarah Stack

BUILDING materials firm CRH has vowed to have its board made up of 25pc women by next year.

The Dublin-listed company is believed to be the first Plc in the country to set itself a target to appoint more women at its helm.

CRH is already most of the way there, with Maeve Carton as group finance director and Heather Ann McSharry as a director, making up almost 17pc of its 12 strong board.

“CRH is determined to maintain an inclusive workplace,” said chief executive Albert Manifold.

“Our industry traditionally attracts more male employees and CRH’s current make-up (82pc male) reflects this.

“At board level, CRH has set a goal of increasing the number of female directors to circa 25pc by the end of 2015.“

Less than one in five large Irish businesses have a female board member, below the EU average, but support for the use of quotas to boost the number of women on the boards is falling.

The European Commission has a set a target for listed companies to have 40pc female board representation by 2020.

Exploration firms Providence Resources and Aminex, property investment firm Hibernia Reit, mortgage provider Abbey, food firm Aryzta and investment firm TVC, which is shortly shutting up shop, are among the Dublin-listed companies with no women on its board.

Drinks giant C&C, FBD insurance and Paddy Power bookmakers have only one each, with Ryanair and Aer Lingus among those with two. Sales and distribution firm DCC has three.

Elsewhere Glanbia group managing director Siobhan Talbot is the only woman on its board, along with Anne Heraty, chief executive of recruitment agency Cpl.

CRH chairman Nicky Hartery said his focus is getting a balance of skills, knowledge and experience on the board, with diversity and gender.

“We are focussed on increasing this percentage as part of our ongoing board renewal process,” he added. “In doing this, we need to continue to ensure that we appoint the right people with the right experience to fit the needs of the company.”

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