Sir Phillip Hampton Calling on FTSE 350 to Increase Diversity

Sir Philip Hampton has challenged FTSE 350 companies to start working towards the same diversity targets that were previously aimed at FTSE 100 companies. The goals, to increase the number of females occupying board room positions in the UK’s biggest companies, are quite ambitious, and would require FTSE 350 companies to work towards having 40 percent of their senior appointments over the next three years go towards women.

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shareprices.com - Thursday, November 16, 2017

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Sir Hamption said that some of the UK’s largest companies have already made significant progress towards the targets, both in terms of their boards and their leadership teams, and that we should see all companies in the FTSE 100 making great strides to improve the gender balance of their leadership.

So far this year, there has been an improvement in the progress made with FTSE 100 boards, but progress elsewhere has been slow. He is calling for companies to renew their commitment to the target, and stressed that it is an important issue for UK businesses, who need to start harnessing the power of the talented women that are in their workplaces.

Business Minister Margot James agreed that in recent years businesses have made great strides towards increasing the number of senior females in the workplace - and that now is a time for the community to step up to the challenge, and to make the UK a world leader, because this is an important issue. She said that it has been shown time and time again that companies with diversity and inclusion are the most successful.

 

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