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An image illustrating the gender pay gap (PA Wire)
Less than half of listed firms outside of the biggest 350 companies have met targets for women in the boardroom and a “shocking” 54% still have no female top bosses, new research has revealed.
A report by Women on Boards UK showed that while solid progress has been made within the UK’s top 100 and 250 listed companies, diversity is still woefully behind in the wider FTSE All-Share.
Its study of the 261 firms outside of the FTSE 350 – with a combined stock market value of £63 billion – found that just 48% have met the UK goal for at least a third of board roles to be held by women.
Rolls-Royce Holdings named the first female chair in its 115-year history, selecting chemicals and utilities veteran Anita Frew to take over the role later this year.
Frew will succeed Ian Davis, Rolls’s chairman for almost nine years, on October 1, the jet-engine maker said on Wednesday, boosting the ranks of women occupying top posts in UK business. Only 11 of the FTSE 100 firms had a female chair in 2020, according to the Hampton-Alexander Review of the boardroom gender gap.
Frew, 63, has been chair of specialty chemicals-maker Croda International since 2015. She is a non-executive director of resources company BHP Group, was recently deputy chairman of Lloyds Banking Group and has been chairman of Victrex and a director at Northumbrian Water Group.
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