This month the Treasury announced that a further 68 firms had signed the Women in Finance Charter. This takes the total to 273 firms from the financial services sector; a coverage of 760,000 UK financial services employees.
Among the list of new signatories is ICAEW; late to the game but now signed up which is more than can be said for some of the other professional bodies!
The GOV.uk web page for the Women in Finance Charter (found at https://www.gov.uk/government/publications/women-in-finance-charter) states (quoted from the site):
“The first Annual Review into the Women in Finance Charter was also published in March 2018. This Review found that more than three-quarters (78%) of the first group of signatories either increased or maintained the proportion of women in senior management in the reporting period. Signatory firms have committed to implement four key industry actions, as recommended in Jayne-Anne Gadhia’s review into the representation of women in senior management in financial services, published in March 2016. The review found that in 2015, women made up only 14% of Executive Committees in the Financial Services sector. Since the Charter launched, over 85% of the signatories that have set their Charter targets have committed to have at least 30% women in senior roles by 2021. Over 25% of the firms that have set their Charter targets have committed to a 50/50 gender split in senior roles by 2021.
Click on the following for the full list of signatories.