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City watchdog targets bosses wallets in new diversity push
Despite increasing regulatory pressure, women and ethnic minorities are still poorly represented in Square Mile boardrooms
17 July 2021 • 5:00am
“The time has come for real leadership. No more gestures. No more warm words. Decisive action is required.”
Those were the words of City minister John Glen in 2019 after he criticised financial services bosses for not doing enough to improve diversity in the workplace.
Two years and one pandemic later, very little has changed.
There are only 13 female chief executives in the entire FTSE 350. Women hold less than a third of senior management positions – a metric which has barely moved since 2017 – and ethnic minority representation in senior roles remains at around 8pc.
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Already many of Yorkshire’s largest employers have confirmed that they anticipate staff will perform their work duties differently with more home working and flexible hours likely to be seen.
Office working looks set to change.
However all agreed that the office would still be utilised in the future, albeit with a different complexity.
Danny Harmer, chief people officer at insurance giant Aviva - which has a large base in York, said: “We know that people can work from home and that it is effective.
“But I am not sure it is optimal and I am not sure people are getting the full joy of work.
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