More firms sign up to Women in Finance Charter
The Women in Finance Charter now covers more than 800,000 people working in financial services, with 21 new signatories signing up to the charter in the latest round. New additions to the more-than 350 organisations to the charter include Fiduciam, Apex Bridging, Hodge Bank, LDNfinance and VIBE Financial Services.
The charter was introduced as a voluntary initiative in 2016 to improve the representation of women in finance; it asks firms to set internal targets for gender diversity within senior management including for their pay to be linked to delivery against the targets. Organisations are also expected to appoint a team member responsible for progression and inclusion and to publish annual reports detailing progress. Women in Finance Champion Dame Jayne-Anne Gadhia said: “I am delighted to see the charter continue to grow. It is the businesses that address their culture and understand the power of diversity that really succeed. The top quarter of businesses on gender diversity are 21% more likely to have above-average profits than the bottom quarter. So, this is not just the right thing to do socially, it is the right thing to do for business”.