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Thursday 20 June 2019

THINKIN

City limits

Women are no longer absent from boardrooms, but the pace of change is still far too slow.

At yesterday’s ThinkIn, we went searching for answers. Read our Notes, listen to highlights, and see what’s next, below.

 

Gender in the City Podcast (12:57)

 

What next?

ThinkIns tend to leave us with a to-do list for the newsroom. Here are the key subjects and storylines:

  • Quotas. Things are moving too slowly. In many businesses beyond the FTSE 350, they are not moving at all. The arguments for quotas rather than just targets are getting more compelling, but how would they actually work?
  • Virtue signalling. Larry Fink, the CEO of BlackRock, said: “The reality is in the world more than 50 per cent of household wealth is managed by women. And so if I’m going to be a mirror of my clients, we are going to need more women in our firm.” But 3 out of 21 members of BlackRock’s global executive committee are women. And only 3.6 per cent of BlackRock’s ESG (Environment, Society and Governance) portfolio has more than 30 per cent female directors.
  • Fix the culture, not the women. Rather than telling people to burnish their “personal brand” (good grief!), the companies that are really turning things around are the ones making changes across the board: widening the pool of people they recruit, rethinking their interview panels, networking events, parental leave and support.

The most interesting elements from this ThinkIn were the everyday stories of corporate life. If you’ve got one that informs the issue of fairness and opportunity at work, please let us know.