Great Britain: financial services to commit to making room for women

Several British banks have signed a Government charter in which they pledge for a better gender balance especially by placing more women in key roles. This represents a revolution in so far as the gender pay gap is at its widest in the financial services sector. The ‘Women in Finance’ charter comprises the following four measures: nominating a senior executive who is responsible and accountable for gender diversity and inclusion, setting internal targets for gender diversity in senior management, publishing progress annually against these targets in reports on the company website, and intending to ensure senior executive pay is linked to delivery against these internal targets on gender diversity.