Fidelity International offers employees paid care leave
Employees globally can take at least five days paid leave per year for caring responsibilities
Fidelity International will put in place a paid care leave policy for all employees globally.
The Family Care Leave policy will come into effect on 1 March and will mean employees can take at least five days of paid leave per year for reasons such as caring for elderly parents, looking after a sick or disabled family member or to manage unexpected events such as nursery closures.
Last year, the UK Department of Business, Energy and Industrial Strategy consulted on a proposal to give employees a week of leave each year to provide unpaid care. Although a step in the right direction, campaign groups such as Carers UK said paid leave would be more effective.
Women on boards
As previously mentioned, 36.2% or 68 of the FTSE 100 index companies have now met or exceeded the 33% target, up from 32.4% in 2019. This encompasses 374 women on FTSE 100 boards out of a total of 1,032 directorships, with 34 women in either the chair and senior independent director role.
The review noted companies such as St James’s Place, Tio Tinto and Smiths Group “substantially” increased the representation of women on boards in the final year, while M&G was also included in the top ten companies that had 50% gender balance on the board.
“The key drivers of progress are the turnover rate and the appointment rate of women, both of which have increased by around 4% this year and are at the highest yet,” the review said. “In particular, the appointment rate of 39% is helping fuel faster progress. The number of women in chair and senior independent director roles continues to increase, with three more women to take up chair roles in the coming month
International Adviser and
Portfolio Adviser, the four core UK and European brands of Last Word Media, have banded together to launch a
Campaign for Better Governance by investment professionals – and for the greater benefit of their businesses and those they serve.
At a time of unprecedented interest in environmental, social and governance (ESG) oriented investing and following a period when companies’ treatment of all their stakeholders amid the global pandemic has been under intense scrutiny, we believe the investment sector should be practising what it preaches and ensuring that, alongside the businesses to which it allocates capital, its own governance is at the highest possible level.
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