In the UK, the regulator has announced a mandatory gender quota for companies listed on the main market of the London Stock Exchange. Starting next year, companies must have at least 40% women on the board, at least one woman in a senior board position (Chair, CEO, CFO or Senior Independent Director) and at least one ethnic minority on the board. Companies that do not comply with these quotas must explain why not and how they intend to rectify this situation. But does this make sense?
Thanks for posting! Wonder what this may do for the pay gap between male and female directors (if anything). With one bit of research highlighting a 74% gender pay gap among FTSE100 directors will the increased demand for female directors inflate salaries and potentially close the gap?
Thanks for posting! Wonder what this may do for the pay gap between male and female directors (if anything). With one bit of research highlighting a 74% gender pay gap among FTSE100 directors will the increased demand for female directors inflate salaries and potentially close the gap?
(Source: https://www.irmagazine.com/esg/research-highlights-74-percent-gender-pay-gap-among-ftse-100-directors)