Companies  

Finance sector needs more females: 30% Club

The organisation hosted its first global summit in London this week to encourage companies abroad to recruit more women at senior levels.

According to a spokesman for the club, which aims to get at least 30 per cent female and minority representation on the boards of major companies, there are plans to launch the 30 per cent initiative in Southern Africa, the US, Canada and Brussels this year.

The move follows the launch of a 30% Club in Hong Kong, where 10.7 per cent of directors of issued companies are female.

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Various chairmen have joined the campaign, including Sir Win Bischoff of Lloyds Banking Group and John McFarlane of Aviva.

The Institute of Chartered Accountants in England and Wales has published a 21-page report on gender diversity that called for more to be done to reach a target level of 25 per cent female representation on FTSE 100 boards by 2015.

Adviser view

Julie Bayley, adviser of Cumbria-based Eden Financial Planning, said: “I have vowed never to work for a man because I have met so many dinosaurs in my profession, particularly in the north of England, who just can’t accept that a woman can be intelligent and successful.”