Peer-reviewed meta-analyses across a variety of countries have found a statistically significant positive correlation between female chief executives and business performance.

In real terms, the effect is quite small, but on the flip side it is clear that having a woman in charge does not damage a company's bottom line. So why do so few females hold the top jobs?

New data out today on gender balance across UK-listed companies shows that women now occupy 43.4% of boardroom positions in the FTSE 350, up from 42.1% last year. It also marks a steep increase from the 24.5% recorded in 2017 when the government-backed FTSE Women Leaders Review was launched.

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