Outrageous explanations for not appointing more women to boardsStaff Writer | May 31, 2018
Despite a major drop in the number of top companies with all-male boards, many are still refusing to move with the times - and some of the worst explanations firms have made for not having women among their top employees have been revealed in the UK.
Doing business The explanations came from FTSE 350 chairs and CEOs
The explanations, which come from a range of FTSE 350 chairs and CEOs, were heard by the team behind the government-backed Hampton-Alexander Review, which has challenged all FTSE 350 companies to make sure at least a third of their board members and leadership are women by 2020.
The explanations include:
- ‘I don’t think women fit comfortably into the board environment’
- ‘There aren’t that many women with the right credentials and depth of experience to sit on the board - the issues covered are extremely complex’
- ‘Most women don’t want the hassle or pressure of sitting on a board’
- ‘Shareholders just aren’t interested in the make-up of the board, so why should we be?’
- ‘My other board colleagues wouldn’t want to appoint a woman on our board’
- ‘All the ‘good’ women have already been snapped up’
- ‘We have one woman already on the board, so we are done - it is someone else’s turn’
- ‘There aren’t any vacancies at the moment - if there were I would think about appointing a woman’
- ‘We need to build the pipeline from the bottom - there just aren’t enough senior women in this sector’
- ‘I can’t just appoint a woman because I want to’
According to research by McKinsey bridging the gender pay gap could add £150 billion to the UK economy by 2025 and it could translate into 840,000 additional female employees. ■