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Equality North East

Government Equalities Office - Everyone will benefit if men include more women in top roles

Minister for Women and Equalities Penny Mordaunt has told men in leadership roles, everyone will benefit if we address “the inequalities of the gender pay gap.”

The Minister delivered her speech during an event at St James’s Palace for 90 business leaders.

Only 29% of FTSE 100 board members are female, and only 13 CEOs and 21 Chairs in the FTSE 350 are women. But a recent report shows that companies in the top quartile for gender diversity in their executive teams are 21% more likely to have above-average profitability than companies in the bottom quartile.

Launched in 2016, the government-backed Hampton-Alexander Review set FTSE 350 businesses a target of having 33% of all board and senior leadership positions held by women by the end of 2020.

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September 12, 2018

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