Economy

Firms urged to appoint more women to senior roles

Firms urged to appoint more women to senior roles”

To meet that target, at least 40 per cent of appointments to senior positions over the next three years will need to be women.

The CBI has responded to the latest Hampton-Alexander review data, which focuses on increasing the number of women on boards and in senior leadership positions across the FTSE 350.

A Government-backed review has today urged FTSE 350 companies to fill more board and senior leadership positions with talented women in a bid to make the United Kingdom a world-leader in gender diversity. The previous target applied to both FTSE 100 and FTSE 350 boards, along with just FTSE 100 leadership teams.

An independent review, commissioned by the Department of Business, Energy & Industrial Strategy (BEIS), urged FTSE 350 companies to fill more board and senior leadership positions with women, extending the 33% target to senior leadership positions for all FTSE 350 companies.

However, Sir Philip Hampton today called on FTSE 350 companies to quicken the pace of change on boards and extended the 33 per cent target to senior leadership positions of all FTSE 350 companies. "It is the impact of visible female role models in executive director positions that has the most potential to change organisational culture and practices around gender diversity and encourage more senior-level progression for women directly below board level".

Commenting on the review, professional service firm KPMG's deputy chair Melanie Richards said that while the target set out by Sir Philip are ambitious, there are "are clear commercial benefits to achieving it".

"It is our collective responsibility to ensure that women with the talent, drive and ambition to one day lead the UK's largest companies have exactly the same opportunities to do so as their male counterparts", she added.

But Chloé Chambraud, acting gender director at Business in the Community, said it was "disappointing" that men still made up 72 per cent of board members and 90 per cent of executive directors in the FTSE 100.

The government established the Business Diversity and Inclusion Group in February this year, to bring together business leaders and organisations to coordinate action to remove barriers in the workplace and introduced mandatory reporting of gender pay gaps in April for voluntary, public and private sector employers with 250 staff or more.

A recent report by the World Economic Forum on the gender pay gap placed the United Kingdom 15th in a global ranking, behind G20 peers France and Germany.

It will show that 28% of those directorships are held by women today, against just 12% when Lord Davies, the former Trade Minister, began work to improve boardroom diversity in 2012.

"This must not be allowed to happen". We are making progress, but there is still a long way to go.



Like this

Latest


09 November 2017
United Kingdom denies $2bn Aramco deal linked to possible London listing
Britain is among the countries wooing Saudi Aramco, which is considering listing some shares overseas . Last week, USA president Donald Trump called on Saudi Arabia to list the oil firm in NY .

09 November 2017
Toddler allergic to dairy dies after pre-school serves him grilled cheese
His family has said the pre-school was informed of Elijah's allergy. Silvera was rushed to Harlem Hospital but it was too late. We will get to the bottom of what happened here.

09 November 2017
Toshiba 1H Profit Jumps on Strong Memory Chip Demand
However, Toshiba agreed to sell the unit for $18bn in September to cover losses at its USA nuclear business. Operating profits at the Japanese conglomerate rose to 231.8bn yen ($2bn; £1.55bn).

09 November 2017
Court hearing set for man accused of attacking Sen. Paul
While it was initially reported that Paul had only "minor injuries", details soon emerged that five of his ribs were broken. Rene Boucher admitted to police that he tackled Paul from behind while he was mowing his lawn last Friday.

09 November 2017
Thousands of children referred to antiterror scheme
The Home Office says 381, or 5%, of the 7,631 referred to Prevent actually received support on the Channel scheme in 2015/16. The number supported by the specialist Channel scheme have risen from 159 in 2012-13 to 283 in 2014-15 to 381 past year .

09 November 2017
Trump Hits China for Unfair Trade But Blames Past US Leaders
Chinese President Xi Jinping thrives on stability but has found it short supply in its most important foreign relationship. In his tweet, Trump embedded a link to a photograph of his Beijing visit on Instagram - also forbidden in China.

09 November 2017
Ball gives England another injury scare
They did so well initially as Chris Woakes, and Anderson especially, allowed precious few scoring opportunities. England were already without Ben Stokes heading into the tour.

09 November 2017
Karin Dor, would-be assassin in 'You Only Live Twice,' dies
She featured opposite Christopher Lee in 'The Invisible Dr Mabuse' (1962) in the film, directed by her then-husband Harald Reinl. After she is outed as an undercover Spectre agent, she meets her end by being dropped into a pool of piranhas.

09 November 2017
IFixit Releases Internal iPhone X Wallpapers
When you're done, save and beam the wallpaper to your iPhone X, open it up in the Photos app, and then tap Share Use as Wallpaper. You can do that with a cleverly-designed wallpapers, the kind that Notcho , a new app on the App Store, has in store.

09 November 2017
Cavani on target as PSG crush Angers
If Weah has secured the status of leader of the nation legally, then Zlatan Ibrahimovic was for himself something akin to the God. He said,"I was close and at the same time very far from reaching a deal with Barca.I never lost hope over the chance".



Recommended