UK Boards Still Dominated by Men
Female role model? American Vogue editor Anna Wintour
- New research from The Observer newspaper in conjunction with The Co-operative Asset Management revealed that women occupy 242 out of 2,742 seats on the boards of FTSE 350 companies.
- Women hold only 34 executive board seats out of a possible 970.
- The study ranked companies according to their policies and practices, with the latter focused on the gender balance on the boards.
- It found that women’s representation dropped off after relative equity at junior levels. The report noted that some companies such as Mitie and British American Tobacco analysed gender pay levels and proportion of women at each management grade. “More such analysis would help identify the barriers to female advancement.”
It identified the following hurdles to women’s advancement:
- Lack of flexibility at work.
- Male bosses recruiting people in their own image.
- Women opting out because of difficulty in adjusting after having children.
- Career paths being out of sync with women’s career cycles (ie., promotion and identification of leaders during their 20s and 30s, the ages when many women are setting up a family).
- Lack of female role models along with negative stereotypes such as the cinematic portrayal of American Vogue editor-in-chief Anna Wintour in “The Devil Wears Prada”.
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- The situation of women in the finance industry of the US
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