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Article

31 Aug 2011

Author:
Simon Goodley, Guardian [UK]

Women executives could wait 98 years for equal pay, says report [UK]

Women may have had equal voting rights since 1928, but they may have to wait another 98 years for parity in pay, research has found. While the salaries of female executives are increasing faster than those of their male counterparts, it will take until 2109 to close the gap if pay grows at current rates, the Chartered Management Institute reveals. The research shows that male executives continue to be paid more than women for the same roles, earning an average of £42,441 compared with £31,895. The £10,546 gender pay gap is an increase on the £10,031 from the same study last year, despite women's salaries having grown by 2.4% and men's 2.1% in the 12 months to February 2011...Elsewhere, Helena Morrissey, chief executive of Newton Investment Management, and the Labour peer Lady Goudie have founded the 30% Club, a group of company chairs lobbying for increased female representation in the boardroom. Its members include [chairs of]...Marks & Spencer...Royal Bank of Scotland...the British Gas owner, Centrica.