Apr 17, 2018
Big UK companies singled out over poor gender balance
Some 14 companies in the FTSE 100 were singled out, including BP, the oil group, and Smurfit Kappa, the packaging company, for having all-male executive committees. Chris Cummings, chief executive of the IA, said investors want boards and leadership teams to urgently address a lack of gender diversity at the UK's biggest companies, calling it a "Business critical issue". Several big investors have publicly demanded companies step up their efforts on gender diversity. According to the Hampton-Alexander review, companies including the AA, Melrose Industries, the buyout group, and pub chain Wetherspoons did not respond to its request for data on gender diversity in 2017. "While some of the UK's largest companies have made great strides in recent years to improve diversity in the boardroom, we need all FTSE 350 firms to pull their weight if we're to become a world leader on gender diversity," he added.
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