Boardroom Diversity: Quotas are not helping women into senior management
New research by Korn/Ferry Whitehead Mann for the High Pay Centre, looking at international comparisons of female representation on boards
Research for the High Pay Centre, prepared by Korn/Ferry Whitehead Mann ahead of our major 'Women on Boards' conference, suggests that countries that have introduced minimum quotas for the proportion of women on boards are still not seeing enough women reach Executive Director level. The research found that the majority of women Directors are in non-Executive roles, and concluded that policymakers must go beyond quotas in order to address the shortage of women in executive or senior management positions. These findings were debated at the conference, run in conjunction with the Guardian and the Friedrich Ebert Stiftung, and featuring speakers from France, Spain, Norway and Germany, as well as Shadow Chief Secretary to the Treasury, Rachel Reeves, Conservative MP Nadhim Zahawi and Green Party Leader Natalie Bennett. Our research was also covered in a Guardian report.
Since the start of this year the average FTSE 100 CEO has earned:
Income inequality in the UK
Wealth inequality in the UK
- Is performance pay a 15-year experiment that has failed?
Performance-related pay does not work and in fact, could be counter-productive. The launch of our new report on performance pay last week prompted a lively discussion about whether bonuses and long-term incentives can produce the sort of behaviour shareholders want.
- New High Pay Centre report: Performance-related Pay is nothing of the sort
Research for High Pay Centre by Incomes Data Services shows that growth in executive pay, bonuses and incentive payments has vastly outpaced performance as measured by every indicator in common use
- Pay at the top has become a self-enriching racket
The relationship between bonus increases and profit growth is virtually non-existent