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Article

10 Nov 2015

Author:
Jill Treanor, Guardian (UK)

UK: Companies should publish their gender-balance goals, says Virgin Money CEO

"Virgin chief on the money for battle over gender pay gap", 7 Nov 2015

...The boss of Virgin Money, asked by the chancellor what could be done about the fact that fewer women get to the top in banking, fund management and insurance than in any other sector, was there to set out her bold views on gender balance...Gadhia said companies should set their own gender-balance record, put senior individuals in charge of attaining the goals, and include the targets among those used to set bonuses...Requiring companies to publish their goals should be the way to hold them to account, she suggested. She did not believe any job in financial services should be out of the reach of women. Much could be done to break down stereotypes. Advisers on mergers and acquisitions, for instance – a line of business notorious for long hours of negotiations – could change working practices...More thought also needs to be given to the transition back into work, she says, though she "never had that dislocation in coming back" from maternity leave...