Treasury launches Women In Finance charter

8 Apr 16

Finance firms have been invited to sign up to the Treasury’s Women In Finance charter, published today.

The government wants to see better gender balance at all levels across the financial services industry.

By signing up to the charter, firms commit to supporting the progression of women into senior roles, set its own internal targets and publicly report on progress made.

Specifically, organisations need to designate on member of the senior executive team to be responsible and accountable for gender diversity and inclusion. The pay of this individual should be linked to delivery against gender diversity targets.

The charter follows a review, published last month, of women in finance by Jayne-Anne Gadhia, chief executive of Virgin Money.

This concluded that a balanced workforce at all levels in financial services improved culture, behaviour, outcomes, profitability and productivity.

But it found that only half of women working in the industry believed they had an equal opportunity to advance compared to 70% of men.

  • Vivienne Russell

    Vivienne Russell is managing editor of Public Finance magazine and publicfinance.co.uk

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