Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Female FTSE 100 board members earn 69% less than male counterparts

by November 18, 2024
November 18, 2024
Female FTSE 100 board members earn 69% less than male counterparts

Female board members at FTSE 100 companies are paid 69% less than their male counterparts, underscoring the persistent gender pay gap at the highest levels of British business.

According to research by Fox & Partners, the employment and partnership law specialists, women in board roles took home an average of £335,953 last year, compared with £1,073,445 for men. While this marks a slight improvement from a 70% gap in 2022, it remains significantly wider than the 13.1% gender pay gap across the broader UK labour market, as reported by the Office for National Statistics in April 2024.

Catriona Watt, partner at Fox & Partners, said: “It’s encouraging to see the gender pay gap has slightly shrunk over the past year for directors of the UK’s largest businesses, but obviously the figures show that there is still a considerable way to go.”

A key factor contributing to the disparity is the concentration of women in non-executive director positions. The research found that 91% of female directors hold non-executive roles, which typically come with less responsibility and lower remuneration compared to full-time executive positions. In contrast, men are more frequently appointed to higher-paying executive roles and senior non-executive positions such as chair.

Among executive directors, the pay gap stands at 29.8%, with female executives earning an average of £2,332,334 compared to £3,150,424 for their male counterparts. Women also earn less in non-executive roles, with female non-executive directors paid an average of £127,593, while men receive £191,381—a gap of 40%.

Women remain underrepresented in the most senior positions within the UK’s largest listed companies. Currently, only nine FTSE 100 companies are led by female chief executives, including Margherita Della Valle at Vodafone and Dame Emma Walmsley at GSK. Allison Kirkby recently became the most recent female chief executive after taking the helm at BT.

“We noted several years ago that listed companies were achieving boardroom gender diversity almost exclusively by appointing women to non-exec roles rather than executive roles,” Watt observed. “That flattered their figures but meant that women were still largely excluded from the arguably most important and most highly paid corporate jobs.”

However, there are signs of progress. The number of female executive directors increased to 43 in 2023, up from 39 the previous year. Watt emphasised that the UK’s leading companies should continue to invest in promoting female opportunities, mentoring, and cultural change to make “a significant impact on the gender pay gap”

Read more:
Female FTSE 100 board members earn 69% less than male counterparts

0
FacebookTwitterGoogle +Pinterest
previous post
Goodstack raises £22m as corporate giving platform targets £2.4bn in employee donations
next post
FXGiants Adds Futures to Its Lineup, Now Offering 300+ CFD Trading Assets

You may also like

Petrol Stations accused of overcharging drivers by £1.6bn...

July 26, 2024

Abound Secures £800 Million Funding Round with Backing...

May 7, 2024

Colmore BID & Hollie Gazzard Trust launch supporter organisation scheme...

March 24, 2023

City Watchdog Initiates Inquiry into ‘Debanking’ Practices

August 15, 2023

A dark day for British business: Unraveling the...

September 20, 2023

Parents forced to stay at home as thousands...

February 28, 2023

Record 1.1 Million Workers Employed on Zero-Hour Contracts...

March 21, 2024

Secrets of Success: Paul Seabridge, CEO of Opulentia...

January 16, 2024

Here’s to the New Business of the Year,...

January 30, 2023

Business Travel & Back Pain: How the Right...

May 25, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025
    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025
    • Tech ETFs are Leading Since April, but Another Group is Leading YTD

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,567)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved