skip_previous play_arrow skip_next
00:00 00:00
  • cover play_arrow

    Rother Radio (128k) Love Local, Love Music!

  • cover play_arrow

    Rother Radio (64K) Love Local, Love Music!

  • cover play_arrow

    Hit Music Radio (128K) More Music Variety!

  • cover play_arrow

    Hit Music Radio (64K) The Best Variety of Hits!

Business News

Revealed: The huge gender pay gap on the boards of FTSE 100 companies


share close

Women on FTSE 100 boards are on average paid 73% less than their male counterparts, new research shows.

Analysis by New Street Consulting Group found that female directors at the UK’s biggest listed companies are paid an average £237,000.

That compared to £875,900 for men.

Please use Chrome browser for a more accessible video player

‘More work to do’ to boost boardroom diversity

It represents a gender pay gap which is much bigger than the 15.5% disparity across the UK workforce as a whole.

The gulf in pay is explained by the fact that 91% of women on FTSE 100 boards hold non-executive roles, the report said.

These roles oversee and hold the business to account rather than running it on a day-to-day basis, which is the function of an executive.

Yet even when accounting for this, women were paid less.

More from Business

The average non-executive director at a FTSE 100 firm was paid £104,800, compared to £170,400 for men, the research found.

For executive directors, the average pay for women of £1.5m compares to £2.5m for men.

General view of the London skyline, as seen from Millbank Tower
Image: The average non-executive director at a FTSE 100 firm was paid £104,800, compared to £170,400 for men

Figures published earlier this year by the government-backed Hampton-Alexander showed a rise in the number of female directors at top listed companies over recent years meant its target of at least a third of such roles to be held by women had been met.

Claire Carter, director at New Street Consulting Group, said despite the “great progress”, the latest research showed there was more work to do.

“Focusing solely on the percentages of directors that are women is not enough when trying to approach equality,” she said.

“Most businesses want to end the old boys club that exists at the top.

“The key to doing that will be ensuring that women have more executive responsibilities and are trained and prepared properly for taking on that responsibility.”

 Sky News

© Sky News 2021

Written by: Rother Radio News

Previous post

Music News

Little Mix’s Leigh-Anne Pinnock welcomes twins

Leigh-Anne Pinnock is a mum of twins.The Little Mix singer and her soccer star boyfriend Andre Gray announced in May that they were expecting their first child together, and on Monday, Leigh-Anne stunned fans by revealing that she had delivered twins earlier this month. "We asked for a miracle, we were given two...Our Cubbies are here. 16/08/21," she wrote alongside a close-up snap of the babies' tiny feet on her […]