The UK HM
Treasury announced that a pledge for gender balance across the finance industry
- The Women in Finance Charter - has about 72 companies on part of its
initiative to help women elevate into senior roles in financial services.
The pledge
focuses on helping ensure gender diversity to create a balanced workforce can
be good for business and improve workplace culture.
The firms
committing to the charter would create its own goals depending on their
business. They will be required to report publicly to create any progress they
make to deliver against these targets.
Signatories will ensure this
transparency will help them earn accountability for future changes to ensure
gender equality in the workforce.
Companies
signing the charter will agree to make sure the pay of senior executive team
including bonuses and other executive remuneration reflects their delivery
against the internal targets on gender diversity.
Commenting
in a statement regarding the charter, a spokesperson from fintech startup
Circle said:
“As a young fast-growing FinTech company, innovation is vital but
so too is our passion for people.
We want the right people for the job,
whatever their gender. Approximately 60% of people working in financial
services are women across 20 global markets, however this figure sadly falls
dramatically to 19% when looking at senior level positions.”
