Men still dominate the management positions in the financial world
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Females in the finance industry are six times less likely to become CFOs or CEOs compared to their male counterparts, reveals a new survey
There has been a lot of publicity about the fairness between promotions for men and women and trying to make it equal, but the Chartered Institute of Management Accountants (CIMA) and the University of Bath’s School of Management have found that there are still major inequalities.
In a study of 4,500 FTSE100 professionals from across the globe, they found that although women make up 46 per cent of the working population in this sector, only 12.2 per cent hold boardroom positions.
Charley Tilley, CIMA Chief Executive, said, ‘We hope that businesses take note of this research and these statistics and realise the positive impact women leadership can have on an organisation’s performance. The fact that men make up just over half of the working population yet hold over 87 per cent of the board positions in the FTSE100 is evidence enough that something needs to change.’
The CIMA are now trying to tackle the gender imbalance in the boardroom and have released a report, titled ‘Breaking glass – Strategies for tomorrow’s leaders’. The report provides practical advice for women who want to make it to the top of the career ladder.
Tilley added, ‘We hope women around the world will be empowered by the report. We are hopeful that female professionals will find this report a huge support that will benefit them in their careers and ultimately lead to a rise in female representatives entering the boardroom, not only in the UK, but across the globe.’
By Lauren King
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