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
- Capitalism not Cronyism
Interview with Simon Walker, head of the Institute of Directors, in the Daily Mail. Simon is on the committee steering our project on performance-related pay. "Over the last decade, it has quadrupled without any clear link to performance."
- FTSE 100 bosses now paid an average 130 times as much as their employees
High Pay Centre analysis suggests many top bosses are still paid hundreds of times as much as their staff
- Is it time for a maximum pay ratio?
Executive pay has rocketed from around 60 times the average worker to more than 170 times. Would a maximum pay ratio redress the balance?