(Reuters) – Banks, insurers and other financial firms in Britain may have come up with targets for getting into top jobs, the UK's financial services minister, John Glen, said Tuesday.
Some 300 financial firms publicly signed up to the voluntary women in finance charter launched in 2016 by the finance ministry. In 2015, just 14% of executive committee members were women.
The number signed up with just over 200 firms by March last year, when a review said progress on meeting targets by 2020 was slow.
Mr. Glen said he will be studying a review of progress in March, which will give latest figures on how each firm has signed up is making progress on their internal targets.
women in senior roles, the minister customs at a diversity conference organized by retail investment trade body PIMFA.
“I am not going to be holding back as we look at the report next month, and we look to what further interventions are needed at government to make a meaningful move forward in this critical area, "Mr. Glen said. ”The focus must now shift to how we maximize its impact. We believe that at pushing ourselves to achieve more stretching targets through the use of evidence-based intervention. ”
Companies signed up to the charter put their own internal targets for gender diversity and publish them.
The charter seeks a gender balance at all levels of a company, starting with having internal targets for diversity and publishing progress annually, with senior executives' pay linked to meeting the targets.