Bank of England: Mark Carney - Gender Diversity Makes Companies More Effective
Category: Industry News, Employer Focus, Banking, Finance
Mark Carney, the governor of the Bank of England, has warned that the drive to increase gender diversity in businesses across the globe is not just about setting targets.
"At the Bank of England, we have set clear targets and made good progress in promoting gender diversity," he said.
"But success in this endeavour is about more than just targets. It is about recruiting, developing, promoting and retaining talent in a way that encourages and supports open debate, creative challenge and continuous improvement. This makes organisations more effective."
Carney was speaking at a 30% Club event, hosted by KPMG in Washington DC.
The organisation has been active in the UK and has called for more gender diversity on FTSE 100 and FTSE 250 boards.
The group set up a US 30% Club in April, with support from the likes of Warren Buffett, Larry Fink and John Veihmeyer.
Women made up less than two in ten (18.7%) of board members among large companies in the US (S&P 500 listed firms) in 2014, according to Institutional Shareholder Services.
But the amount is up from last year (17.9%) and from 2011, when the rate was 16.3%.
The research also revealed that among S&P 1500 index companies, typically smaller US firms, only 14% of businesses had women on their boards in 2014.
"It's a top-of-an-agenda issue. Gender is one strand of diversity that needs to be addressed," Melanie Richards, vice chairman of KPMG UK, told IBTimes UK.
"This is about good talent management; it isn't a separate agenda item. What's at the heart of this is whether we are more effectively managing our people and giving them opportunity across the board, as opposed to a separate gender question."
VERCIDA works with over one hundred clients who are committed to creating an inclusive work
environment. If you are an employer and interested in working with VERCIDA to promote your
diversity and inclusion initiatives and attract the best candidates, please email
email@example.com for more information.
Did you know that users who have filled in their profile details are 42 times more likely to get matched with the right employer?
Help us find the best workplace for you by sharing more about yourself.
We will never disclose your information with others.
American Express: Developing female talent in the technology sector
everywoman and American Express are working together to support companies who tell us they want to do more to support women in technology.
American Express recently invited women from a range of comp...
Lloyds Banking Group's Director of Diversity, Fiona Cannon on Gender equality
Diversity has always been an issue in the financial sector, with the gender pay gap still looming large in many areas.
Diversity Director at Lloyds Banking Group on the work Returners programme
Fiona Cannon OBE, Lloyds Banking Group director of Diversity and Inclusion discusses the bank s recently launched work Returners programme.
What skills can returners bring to work that others may not...
Lloyds Banking Group: Top tips for women in business
After her company s inclusion in the Top 50 Employers for Women last week Fiona Cannon OBE, Lloyds Banking Group Director of Diversity and Inclusion, gives her top career progressing tips for women in...