American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Latest News

Decline in female business leaders in Britain: a setback for gender equality in 2024

by admin October 17, 2024
October 17, 2024
Decline in female business leaders in Britain: a setback for gender equality in 2024

The number of women holding top executive roles in Britain’s largest companies has declined for the first time in eight years, raising concerns about the pace of gender parity in corporate leadership.

According to the 2024 Women Count report by The Pipeline, the proportion of women on executive committees in FTSE 350 companies dropped to 32% in 2024, compared to 33% the previous year.

While this might seem like a small decline, it highlights a broader trend of stagnation in corporate gender equality.

This setback could delay the achievement of gender parity by another five generations, putting pressure on businesses to take more proactive measures.

2024 sees drop in female executive representation

The 1% drop in women on executive committees might not appear significant, but it reflects a worrying trend of gender imbalance.

Women continue to be underrepresented in key decision-making roles, such as chief executive officer (CEO) and chief financial officer (CFO) positions.

The report reveals that only 9% of CEOs and 18% of CFOs in FTSE 350 companies are women, compared to the 44% representation of women in chartered accountant roles.

Despite the progress made in some areas, such as board diversity, female executives are still struggling to secure leadership positions that have direct financial accountability and influence over company direction.

Another concerning statistic is the decline in women holding commercial roles that could lead to CEO or CFO positions.

The proportion of women in these profit-and-loss accountable roles has fallen from 20% in 2023 to just 19% in 2024.

These positions are crucial stepping stones for women aiming for top executive roles, and the drop signals a deeper issue in creating pathways for female leadership.

Profitability linked to gender parity in the workplace

The business case for gender parity in corporate leadership is clear.

According to The Pipeline’s report, companies with balanced gender representation on executive committees are 22% more likely to experience improved profits.

Many organisations continue to overlook the untapped potential of female talent in decision-making roles.

Business leaders and headhunters must take urgent action to close the gender gap and create work environments where women can thrive and progress to senior roles.

Britain lags behind its gender parity targets despite earlier successes

This reversal in female representation follows the UK government’s earlier claim that Britain was leading the way in gender diversity, with women holding 40.2% of board positions in the top 350 listed companies in 2023.

These board positions are often non-executive roles, with limited influence on a company’s day-to-day operations and financial outcomes.

The current decline in women holding executive positions reveals a gap between symbolic representation and actual decision-making power within corporate Britain.

Call to action

To prevent further backsliding, businesses need to focus on creating inclusive cultures that support women at all stages of their careers.

Geeta Nargund, chair of The Pipeline, has urged companies to take advantage of the vast pool of female talent and implement strategies to foster gender diversity at the executive level.

This includes offering flexible working arrangements, addressing unconscious bias, and developing leadership programmes tailored to help women progress into senior roles.

The post Decline in female business leaders in Britain: a setback for gender equality in 2024 appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
CAC 40 forecast ahead of Thales, Kering, Hermes earnings
next post
Hong Kong reclaims ‘world’s freest economy’ status from Singapore in 2022

Related Posts

Nearly 30,000 objects are hurtling through near-Earth orbit....

February 22, 2024

May’s full flower moon will light up the...

May 24, 2024

El Salvador’s Nayib Bukele set for landslide election...

February 7, 2024

Pope Francis accused of making homophobic slur in...

May 30, 2024

One of Saturn’s smallest moons has a secret...

February 8, 2024

Russian lawmakers seek to punish troops using smartphones...

July 23, 2024

With ‘Water & Garri,’ Nigerian singer Tiwa Savage...

May 19, 2024

Blueberry grown in Australia breaks record as world’s...

March 16, 2024

Israel agrees to pauses in fighting in Gaza...

August 30, 2024

What would happen to the US economy if...

April 21, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Interview: Strategic location gives Brazil Potash cost advantage in domestic fertiliser market, says CEO Matt Simpson

      June 1, 2025
    • Canada’s Q1 GDP expands by 2.2%, driven by exports spike ahead of potential US tariffs

      June 1, 2025
    • President Trump to host farewell for Elon Musk as DOGE leader steps away

      June 1, 2025
    • UK’s digital banks face divergent fortunes: Starling stumbles, Monzo and Revolut soars

      June 1, 2025
    • Trump wants Apple to shift iPhone production from India to the US: here’s what it means

      May 18, 2025

    Categories

    • Business (3,012)
    • Investing (2,455)
    • Latest News (1,994)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved