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Cable calls on all FTSE firms to embrace boardroom equality

Cable calls on all FTSE firms to embrace boardroom equality

Seven of Britain's largest companies have today (January 30th) been urged by the government to step up their efforts in terms of achieving gender equality.

Antofagasta, Xstrata, Kazakhmys, Croda, Glencore, Melrose and Vedanta are now the only firms listed on the FTSE 100 share index that still have no female representation in their boardrooms after Randgold Resources announced the appointment of Jeanine Mabunda Lioko as a non-executive director.

Therefore, business secretary Vince Cable has written to the chairs and chief executives of these remaining seven organisations to call on them to take action to address this situation.

Also, the minister has requested details regarding the measures they have taken so far to boost their gender diversity and what they plan to do in this policy area in the future.

Mr Cable said that while "real progress" has been made in the number of women reaching boardroom level in recent times, more work still needs to be done.

"Diverse boards are better boards benefiting from fresh perspectives, opinions and new ideas," he added.

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Posted by Francesca Witney