INDUSTRY NEWS

City ‘slow to employ women in top London office posts’

Employers in City of London offices are slow to employ women at boardroom level positions, new research has shown.

The 2008 Female FTSE Report, conducted by the Cranfield School of Management revealed only a five per cent increase in top female posts.

“The small increase in the percentage of women directors in the FTSE 100 companies over the past ten years has caused women to be pessimistic about the future,” said co-author Professor Susan Vinnicombe, OBE.

Currently, there are only 131 female directors of the top 100 companies, up from 79 ten years ago.

Although there are significantly more companies with two or more women on their board (39) compared to only 13 in 2008.

Ruth Sealy, also an author of the research, suggested current banking failures might not have been as severe if firms had more women in top posts.

She told the Financial Times: “We might not be in quite such a dire situation if there had been more females on the boards of banks.”

The City remains a focal point for the banking industry, with top companies occupying offices in London.ADNFCR-1329-ID-18888652-ADNFCR

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