Minister urges FTSE 350 CEOs to improve staff diversity

FTSE 350 staff diversity

Business Minister Margot James has written to the chief executives of all FTSE 350 companies urging them to improve diversity and inclusion in the workplace.

This follows the publication of the findings of a review led by Baroness McGregor-Smith last month.… Read the rest

Board gender pay gap revealed in Singapore

Singapore board diversity

More evidence of board gender diversity challenges were recently revealed, this time in Singapore. Female directors at companies listed on the Singapore Stock Exchange (SGX) are paid 56.8% of male directors’ remuneration on average indicating a 43.2% pay gap according to research by the National University of Singapore’s (NUS) Business School.… Read the rest

Women increase representation on US company boards

chart of women on boards in usa

The numbers of women on boards in the US has risen in the past year according to the latest  annual 2020 Gender Diversity Index (GDI) produced by the campaign group, 2020 Women on Boards. The organisation aims to  increase the percentage of women on US company boards to 20% or greater by the year 2020.… Read the rest

Boosting the diversity pipeline: the Hampton-Alexander recommendations

Board diversity needs stronger pipelines

Sir Philip Hampton and Dame Helen Alexander have released their recommendations for boosting UK board diversity with a stronger pipeline of women. Their report follows on from the progress made by the Davies review by focusing on increasing the number of female executive directors and broadening the scope to the entire FTSE 350.… Read the rest

Parker Review: boards need greater ethnic diversity

Every FTSE 100 company board should have at least non-white director by 2021 and each FTSE 250 Board by 2024 in a bid to boost ethnic diversity at the top level of British companies. This is the recommendation of a review of UK boards led by Sir John Parker.… Read the rest

Still work to do to get more women on boards globally

Researching the top 3,000 companies globally the percentage of women on boards reached 14.7% by the end of 2015 up from 12.7% in  2013 and 9.6% in 2010 according to the latest survey by the Credit Suisse (CS) Research Institute although rates of growth has varied between regions.… Read the rest

GSK announces new CEO to replace Witty

Alas, it seems we are still some years away from simply announcing the appointment of a new CEO rather than focussing on their gender – or in the case of some newspapers, their domestic arrangements. As a case in point, the mainstream media was particularly excited last week by the appointment of a Emma Walmsley who will be replacing Andrew Witty as CEO of the pharmaceuticals giant GlaxoSmithKline (GSK).… Read the rest

Global board diversity: traditional thinking holding back progress

While there has been more debate about achieving more diversity on company boards, the Global Board of Directors survey 2016 has found that despite the intense investor and media scrutiny – public company directors are no more diverse that the private companies whose directors participated in the survey.… Read the rest

UK MPs launch corporate governance inquiry

The  House of Commons’ Business, Innovation, and Skills (BIS) Committee has launched an inquiry on corporate governance, focussing on executive pay, directors duties, and the composition of boardrooms, including worker representation and gender balance in executive positions.

This follows the committee’s inquiries into the corporate collapse of  retailer, BHS, and the working practices at Sports Direct and the announcement by Theresa May that the government will be consulting on corporate governance issues this autumn – including her proposals on executive pay and employee representation on company boards.… Read the rest

As board diversity stalls, new push to breakdown barriers and improve pipeline

After the initial push to increase board diversity over the past five years, progress appears to have slowed according to two reports published by the UK government and Cranfield School of Management.

The UK government has therefore launched a review focusing on increasing female representation to 33% of boards across the FTSE 350 by 2020.… Read the rest

Aligning board talent and company strategy is a key challenge survey finds

Aligning board talent with a company’s long-term strategy is a critical challenge for three-quarters of corporate directors according to a global survey by KPMG’s Board Leadership Center. The advisory firm surveyed more than 2,300 directors and senior executives across 46 countries and found that three in five want more diversity and viewpoints on the board.… Read the rest

Finance companies lag on diversity

Big challenges remain if the financial sector is to make last changes to improve the diversity of their executives following the UK’s Gadhia Review and the launch of the government’s Women in Finance Charter, according to the think tank, New Financial.… Read the rest