At the highest chief executive level, a study released in 2018 on International Women’s Day found women CEOs in the FTSE 100 were outnumbered by chiefs called David.
LONDON - Britain’s top companies face a red warning if they don’t have more than one woman on their board, the Investment Association said on Thursday, adding to pressure for more female representation at top levels of management.
The body which represents big asset managers said it was expanding its traffic light system which guides big investors on whether a company is complying with best practice in areas of governance such as executive pay.
The IA said it would apply a red alert to a top 350 listed company if there are none or only one woman on the board.
Ratings on all aspects of a company’s governance are done three weeks before its annual shareholders’ meeting. Currently there are no red tops related to the number of women on boards, but some are expected, an IA spokesman said, without giving any further detail.
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