(Bloomberg) – Epidemic has slowed the UK’s progress in promoting female executives, which could increase the time it takes to achieve gender equality.
According to The Pipeline, The Board of Directors of FDSE 350 companies will not reach gender equality until 2036 at the current pace of change. This is four years more than the team had previously predicted.
“Generational inequality takes time to overcome. There are many barriers to women’s advancement, especially in roles that lead to profit and loss,” Amanda Blanc, Aviva’s CEO, said in a statement. “But equality is real.”
The report was criticized by the UK for failing to promote women in senior positions, despite reports that gender-equitable companies are making more money. Women make up only 5% of the CEOs of FDSE 350 companies, the panel wrote, “continuing the tragic family trend of previous years.”
Men make up only 78% of all executive committee activities, compared to just 22% of women, the consulting firm said.
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