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Article

3 Aug 2017

Author:
Ben Chu, Independent (UK)

UK: Male FTSE 100 chief executives earn 77% more than female counterparts, study finds

"Male FTSE 100 chief executives earn 77% more than female counterparts, finds new research", 3 Aug 2017

The male chief executives of the UK’s biggest publicly listed firms earn on average 77 per cent more than their female counterparts, new research has found…

The report also draws attention to a considerable gender imbalance among bosses of the largest public companies, with 94 male chief executives last year versus just six females…

Last September Emma Walmsley was announced as the new CEO of the pharmaceutical giant GlaxoSmithKline, making her the seventh FTSE 100 female boss…

The report noted some advance in the representation of women on remuneration committees, the company sub-boards that decide how much salary to pay their CEOs and what bonus targets to set…

But it also noted that most of these women were in non-executive positions and that there were just 30 female executive directors across the FTSE 100 in 2016…

From this year, any organisation that has 250 or more employees must publish and report specific figures about their gender pay gap.

[Also refers to EasyJet, Imperial Brands, Severn Trent, Shell, Whitbread, WPP]