Too many women at the bottom still not enough at the top
The Chartered Management Institute welcomes progress that has seen FTSE 100 companies on track to reach the 33% target for women on boards ahead of the 2020 deadline; however warns that there are still too many women at the bottom of the corporate ladder, and too few at the top.
A fundamental change in approach is needed for senior leadership roles below board level; CMI research has found that 40% of male managers are still more likely to be promoted than women.
Gender balance is a business issue, not a women’s issue.
Ann Francke the CEO of CMI commenting on the Hampton Alexander report welcomed the progress that has seen more women in the boardroom of FTSE 100, FTSE 250 companies however underlined that more work is needed below board level roles:
"We are making progress and the results of Hampton Alexander are welcomed, however we still have too many women at the bottom of organisations and too few at the top.”
“Business must fix the "broken windows" of gender bias that impede women’s careers and mar their day-to-day experiences in the workplace. There are huge benefits to ensuring companies promote workplace equality – with McKinsey estimating that ‘diversity dividend’ could add £150bn to the UK economy by 2025.”
“We must act now, or risk further damage to the economy, and given the uncertainties of Brexit we need this now more than ever."