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Department for Work and Pensions appoints two new Non-Executive Board Members 25 February

Date Time Department for Work and Pensions appoints two new Non-Executive Board Members 25 February They have been appointed for three years and will provide independent advice, support and scrutiny on the department’s work. The new board members will work with civil servants and ministers across all areas of the department, helping on the government’s priorities including the response to COVID-19, reactivating the labour market and delivering a modern, fair and affordable welfare system. They join the existing Non-Executive Board Members, Nick Markham (Lead), David Holt, Ashley Machin and Eleanor Shawcross. Valerie Hughes D’Aeth Valerie was Chief HR Officer of the BBC and a member of the BBC’s Executive Committee from 2014 until the end of 2019.

Number of women on FTSE boards jumps but more to be done at executive level – ESG Clarity

Liontrust and AJ Bell highlighted for all-male executive committees in final Hampton-Alexander Review Almost one third of FTSE 100 companies have not met the 33% target of women on boards set out in the Hampton-Alexander Review, while the number of females in CEO and financial director positions remains “stubbornly low”. Concluding the five-year review, Sir Philip Hampton said there has been “enormous progress” with the number of women on FTSE boards increasing by 50% over the past five years, there are still “a few serious laggards” where diversity is limited.   “There is,” he wrote, “a continuing challenge in the proportion of senior women executives on boards, since they represent only 14% of the executive directors in the FTSE 100, for example. The proportion of women executives on executive committees is also relatively low, around a quarter, despite progress in recent years.”

Liontrust and AJ Bell flagged for all-male executive teams in Hampton-Alexander review

Women on boards As previously mentioned, 36.2% or 68 of the FTSE 100 index companies have now met or exceeded the 33% target, up from 32.4% in 2019. This encompasses 374 women on FTSE 100 boards out of a total of 1,032 directorships, with 34 women in either the chair and senior independent director role. The review noted companies such as St James’s Place, Tio Tinto and Smiths Group “substantially” increased the representation of women on boards in the final year, while M&G was also included in  the top ten companies that had 50% gender balance on the board. “The key drivers of progress are the turnover rate and the appointment rate of women, both of which have increased by around 4% this year and are at the highest yet,” the review said. “In particular, the appointment rate of 39% is helping fuel faster progress. The number of women in chair and senior independent director roles continues to increase, with three more women to take up chair roles in the coming month

Lloyds Banking Group PLC and ASOS PLC among best shares to play the UK recovery , says broker

Lloyds Banking Group PLC and ASOS PLC among best shares to play the UK recovery , says broker
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.

Clydesdale rapped for Covid-19 loan requirements

Clydesdale Bank offce in Glasgow By Kristy Dorsey Clydesdale Bank has become the latest to be reprimanded for forcing customers to take out business current accounts to access Covid loans backed by the UK Government. The Competition & Markets Authority (CMA) said the practice, known as “bundling”, put Clydesdale in breach of legal undertakings that prohibit it and seven other of the UK’s largest banks from requiring a business account to apply for any loan. In September, Bank of Scotland owner Lloyds was similarly censured for forcing thousands of pandemic-stricken small business owners to open current accounts. The competition watchdog said Clydesdale breached its undertakings by requiring customers who were running their business through a personal account to also open a business account to obtain a bounce back loan. The bounce back scheme was introduced by the Treasury in April to provide loans of between £2,000 and £50,000 to small and medium-sized firms.

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