Finally! The average percentage of women in executive committee roles in the FTSE 350 has broken through 30 per cent for the first time.
A report has looked at gender parity within the UK’s largest businesses at executive committee level. It was led by The Pipeline, which supports women in the workplace.The report found sectors including including insurance, utilities, health and transport are moving towards gender parity, with women in more than 40 per cent of executive leadership roles. But other industries such as automobiles and mining are below 10 per cent. The private equity sector has no representation at all.Unfortunately progress remains slow with only 13 per cent of female CEOs heading up FTSE 100 companies.Sue OBrien OBE, the chair of The Pipeline, said: “The glacial rate of progress towards gender parity demonstrated in our report is a serious cause for concern.“Businesses must not shy away from some of these uncomfortable truths: leaders need to examine their workplace culture and ensure that their promotion procedures are truly equitable as well as being merit-based. Taking care of, developing and investing in the workforce you already have is a priority.”