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29/07/2011
Women Urged To 'Break The Glass Ceiling'
The Home Secretary has today told UK companies “improve your organisation by helping more women to get into top jobs”.
In a joint letter to FTSE 350 companies, Theresa May and Business Secretary Vince Cable have set out a strong business case for increasing representation of women in senior positions to at least 25 per cent by 2015.
Recent figures show that companies with more women on their boards were found to out-perform their rivals with a 42 per cent higher return in sales, 66 per cent higher return on invested capital and 53 per cent higher return on equity.
Today's letter follows Lord Davies' review of women on boards, which suggests that companies should set themselves challenging targets to achieve 25 per cent female representation at board level.
The Home Secretary, and Minister for Women and Equalities, said: “Giving women the opportunity to achieve their full potential must be at the heart of our approach to economic growth. The business case for increasing the number of women on boards is clear.
“It's about improving performance and having a board that reflects and understands its customers. The government will continue to encourage companies to set their own targets to ensure talented women can access top jobs.”
This comes a week after the launch of a code of conduct for companies who help find and recruit individuals to fill senior positions.
The voluntary set of principles, recommended by Lord Davies, sets out how gender balance on the boards of top UK companies should be improved.
Lord Davies' published his review in February this year and, since March, 31 per cent of new board members were women.
In the same period, the number of all-male boards on the FTSE 100 has dropped to 14 (down from 21 in October 2010).
(BMcN/GK)
In a joint letter to FTSE 350 companies, Theresa May and Business Secretary Vince Cable have set out a strong business case for increasing representation of women in senior positions to at least 25 per cent by 2015.
Recent figures show that companies with more women on their boards were found to out-perform their rivals with a 42 per cent higher return in sales, 66 per cent higher return on invested capital and 53 per cent higher return on equity.
Today's letter follows Lord Davies' review of women on boards, which suggests that companies should set themselves challenging targets to achieve 25 per cent female representation at board level.
The Home Secretary, and Minister for Women and Equalities, said: “Giving women the opportunity to achieve their full potential must be at the heart of our approach to economic growth. The business case for increasing the number of women on boards is clear.
“It's about improving performance and having a board that reflects and understands its customers. The government will continue to encourage companies to set their own targets to ensure talented women can access top jobs.”
This comes a week after the launch of a code of conduct for companies who help find and recruit individuals to fill senior positions.
The voluntary set of principles, recommended by Lord Davies, sets out how gender balance on the boards of top UK companies should be improved.
Lord Davies' published his review in February this year and, since March, 31 per cent of new board members were women.
In the same period, the number of all-male boards on the FTSE 100 has dropped to 14 (down from 21 in October 2010).
(BMcN/GK)
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UK sees 20% increase in multiple births over 10 years
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13 March 2012
Rise Of Women In UK Boardrooms
The percentage of women on the boards of UK’s largest companies has risen to 15.6%. The figure stood at 12.5% last March. FTSE 100 companies have been told by the government to have a minimum of 25% female directors by 2015 or they could face possible measures.
Rise Of Women In UK Boardrooms
The percentage of women on the boards of UK’s largest companies has risen to 15.6%. The figure stood at 12.5% last March. FTSE 100 companies have been told by the government to have a minimum of 25% female directors by 2015 or they could face possible measures.
06 August 2010
Top Women Executives To Be Boosted
Women are top get a boost at senior level with news of a business strategy to increase the number of women on the boards of listed companies in the UK. Business Minister Edward Davey and Lynne Featherstone, Minister for Equalities, have today announced that Lord Davies of Abersoch will develop the scheme.
Top Women Executives To Be Boosted
Women are top get a boost at senior level with news of a business strategy to increase the number of women on the boards of listed companies in the UK. Business Minister Edward Davey and Lynne Featherstone, Minister for Equalities, have today announced that Lord Davies of Abersoch will develop the scheme.
26 October 2015
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PM Pledges To Eradicate Gender Pay Gap
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19 August 2014
New Data Shows Women Hit By 'Mid-Life Pay Crisis'
Female managers over 40 years old are earning 35% less than men, according to new data by the Chartered Management Institute (CMI) and XpertHR. To earn the same as a male manager over a career, a woman would have to work the equivalent of over 14 years more.
New Data Shows Women Hit By 'Mid-Life Pay Crisis'
Female managers over 40 years old are earning 35% less than men, according to new data by the Chartered Management Institute (CMI) and XpertHR. To earn the same as a male manager over a career, a woman would have to work the equivalent of over 14 years more.
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
