Companies urged to reveal more about gender divide
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.