Three of the ten Scottish companies listed on the FTSE 350 are already meeting the target of more than 33 per cent females at board level by 2020.

The findings of the government-backed Hampton-Alexander Review for 2018 revealed that across the FTSE 350 almost one in four companies in the UK have only one woman on their board.

This means half the appointments to board positions will have to be filled by women over the next two years to hit the targets.

Read more: Leeann Dempster happy to be a role model but battle for equality is not just for women

Within the FTSE 100, Scottish highlights include Royal Bank of Scotland, which, while falling behind its 2020 target, with 23% female representation at board level, is already exceeding 2020 targets at executive committee representation, at 34%.

Standard Life Aberdeen, which has 21% of board positions filled by women, sees 32% female representation at executive committee level.

Within the FTSE 250 index, Scottish companies also perform well at board level, with 40% of the Scottish Investment Trust’s board made up of women, and an executive committee made up of 33% female representation.

Read more: Private members’ club makes history and appoints woman for top role

Wood Group also ranks highly, with 40% of board positions filled by females. Aggreko and the Weir Group have 33% and 30% female board level representation, respectively.

Cairn Energy, FirstGroup and SSE sit at 22.2% female board representation and AG Barr is 20%.

Catherine Burnet, senior partner for review sponsor KPMG in Scotland, said that the growing number of women on boards and among the leadership "reflects the efforts and change in emphasis businesses have placed on tackling the gender gap".

"However, in Scotland and across the UK, it is undeniable more must be done to achieve true equality and we must all redouble our efforts.

"The momentum created by the review has to translate into faster change in the future, motivating leaders to look at the demographics of their teams at every level.

"This requires systematic focus on all aspects of recruitment, and retention."