Com­pa­nies urged to re­veal more about gen­der di­vide

The Sunday Telegraph - Money & Business - - Business - By Tim Wallace

A TOP in­vestor ad­vi­sory body wants busi­nesses to pub­lish swathes of in­for­ma­tion on the gen­der di­vide among their work­ers, go­ing far be­yond pay gap data made public in March.

Glass Lewis, a proxy vot­ing group, be­lieves ex­tra data would show which com­pa­nies are fail­ing to boost fe­male rep­re­sen­ta­tion.

Firms with few women in se­nior roles of­ten ar­gue there are too few ex­pe­ri­enced fe­males to put in top jobs and they need a bet­ter “pipe­line” of can­di­dates. But Glass Lewis wants to see proof they are act­ing to solve this.

“Re­quir­ing ad­di­tional dis­clo­sure, in par­tic­u­lar re­lat­ing to ju­nior ap­point­ments and the broader pro­cesses used in re­la­tion to hir­ing, pro­mo­tions and tal­ent devel­op­ment, would pro­vide stake­hold­ers with a more com­plete un­der­stand­ing of the com­pany’s ap­proach to the is­sue,” the body said in a let­ter to the busi­ness, en­ergy and in­dus­trial strat­egy (BEIS) com­mit­tee.

It aims to show which com­pa­nies are try­ing to im­prove women’s ca­reers and which are not.

It comes af­ter a gov­ern­ment-backed

‘Re­quir­ing ad­di­tional dis­clo­sure would pro­vide stake­hold­ers with a more com­plete un­der­stand­ing’

re­view pub­lished a list of “pi­ti­ful and pa­tro­n­is­ing” ex­cuses for com­pa­nies fail­ing to hire se­nior women, in­clud­ing that fe­males “don’t want the has­sle” of sit­ting on a board.

New rules from the BEIS depart­ment are to make big com­pa­nies pub­lish the ra­tio be­tween CEO pay and the av­er­age UK worker, and “jus­tify” the gap.

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