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Women make up nearly a third of financial service firm boards, report says

EconomyJul 18, 2021 08:00PM ET
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© Reuters. FILE PHOTO: A woman casts a shadow as she walks along a footpath past a coffee shop on a sunny, winter day in central Sydney, Australia July 25, 2017. REUTERS/David Gray/File Photo

By Simon Jessop

LONDON (Reuters) - The proportion of women on the board at 200 of Britain's top financial firms has risen to nearly a third in the five years since the government launched an initiative to improve gender balance in the sector, a report on Monday said.

Since the launch of the HM Treasury Women in Finance Charter in March 2016, the number of women on the board at the companies had risen to 32% from 23%, think tank New Financial said in a review of the charter's impact.

Female representation on executive committees, meanwhile, had increased to 22% from 14%, it added. Based on the current rate of change, women would reach parity in the boardroom in 2029 and on executive committees in 2033.

"While female representation is moving in the right direction, there is still a long way to go," said Yasmine Chinwala, partner at New Financial and co-author of the report.

"If the industry is to maintain the pace of change in the next half decade, it will have to take on the tougher challenges."

Among them are the need to build a pipeline of female talent, ensure accountability is taken across the organisation and to develop more women in revenue-generating roles.

"Over the next five years, we need to move from talk to action, from working in isolation to working together, and move from a narrow perception of gender diversity to encompass women from every walk of life and every part of society," said Amanda Blanc, chief executive at British insurer Aviva (LON:AV).

Women make up nearly a third of financial service firm boards, report says
 

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Comments (12)
Catholic Man
CatholicMan Jul 19, 2021 12:40AM ET
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Forced doversity is bad.
Catholic Man
CatholicMan Jul 19, 2021 12:40AM ET
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diversity
walter reed
walter reed Jul 18, 2021 11:52PM ET
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Although, I suppose another solution would just be for some of the males to identify as females. Leftists are all about people just being whatever gender they want, so it really makes all of this meaningless and logically inconsistent to their position. If half of the males started identifying as women, would that solve the gender gap? If not, then you are clearly transphobic.
walter reed
walter reed Jul 18, 2021 11:50PM ET
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The statistic has no meaning, and is just devisive marxist rhetoric. Just because there is not a 50/50 split between males and females does not mean there is bias. It could be due to a variety of reasons. There are many professions that have certain tendencies towards one gender versus another. Forcing a certain composition is inherently sexist because it means you are selecting candidates based on sex. The same applies to race. Leftists have absolutely no logical abilities. They try to tell us there is no difference between genders and races, but the entire focus of their movement is on what gender and race people are...ignoring the other factors that make up an individual and influence choices in life. Their rhetoric is extremely sexist and racist.
walter reed
walter reed Jul 18, 2021 11:50PM ET
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*divisive
Stefon Walters
AgapeGrace Jul 18, 2021 10:23PM ET
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Equity = Imposed Inequality … dichotomous to the “civil rights” movement. This is pure Leftist Marxism (Communist Redistribution) at play.
Jo Pa
Jo Pa Jul 18, 2021 10:07PM ET
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The comments below are based. Equity is the opposite of equality.
Brandon Wooton
Brandon Wooton Jul 18, 2021 9:11PM ET
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how about we look into the delta between male and female life expectancy... i demand EQUITY.
Michael Dell
Michael Dell Jul 18, 2021 8:41PM ET
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Women only want equality when its in their favor but when something like wars and other stuff comes up they starts calling themselves Women and children :D :D
Brandon Wooton
Brandon Wooton Jul 18, 2021 8:41PM ET
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there certainly seems to be a skew in equity fascists fighting for females in high power white collar jobs over the trades.
Jim Morrison
Jim Morrison Jul 18, 2021 8:32PM ET
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I identify as a cheeseburger
Mike Tottenham
Mike Tottenham Jul 18, 2021 8:28PM ET
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why is it only 1/3
David David
David9 Jul 18, 2021 7:55PM ET
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Soon robots will take 1 third of the boards...
CHADWICK RICHINGTON
CHADWICK RICHINGTON Jul 18, 2021 7:46PM ET
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Who cares?
Ben Brown
Ben Brown Jul 18, 2021 7:33PM ET
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The usual pc from these people. Where are all the women traders and investors in the comment sections if so many are good at investments????
Randy Lahey
Randy Lahey Jul 18, 2021 7:33PM ET
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Everything is being blessed with the cult of equity.
 
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