1. Articles from theguardian.com

  2. 1-24 of 47 1 2 »
    1. UK: Top Firms Failing to Increase Number of Ethnic Minority Directors

      UK:  Top Firms Failing to Increase Number of Ethnic Minority Directors

      The number of FTSE 100 company directors from ethnic minority backgrounds has declined in the past year, according to a progress report delivered by the government-backed campaign to boost boardroom diversity. Just 84 of the 1,048 director positions in the 100 biggest companies on the London Stock Exchange are held by a business leader from an ethnic minority, down from 85 last year, in the latest sign of stalling progress to make big companies more representative of the country at large...

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    2. The Lesson for Elon Musk? Don't Rely on Fan Club Directors | Nils Pratley | Business

      The Lesson for Elon Musk? Don't Rely on Fan Club Directors | Nils Pratley | Business

      Elon Musk has come to his senses and apologised for his ugly and baseless slur against a British cave explorer who played a key role in the rescue in Thailand. The Tesla founder couldn’t resist taking a final dig at Vernon Unsworth – he said the diver had told “several untruths and suggested I engage in a sexual act with the mini [submarine]” – but at least Musk acknowledged he has nobody to blame but himself. “The fault is mine and mine alone,” he said in a tweet...

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    3. 'We Can't Just Ask Politely': California's Push for Gender Quotas on Company Boards

      'We Can't Just Ask Politely': California's Push for Gender Quotas on Company Boards

      In 2013, the California state senator Hanna-Beth Jackson made a certain amount of feminist history when she authored – and the legislature enacted – a first-in-the-nation resolution urging the state’s publicly held companies to appoint more women to their boards of directors. The resolution endorsed research finding that companies with women on their boards perform better than those without, and encouraged corporations to add at least one and as many as three women to their boardrooms...

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      Mentions: Google Uber Tesla
    4. AstraZeneca Shareholders Revolt Again Over Executive Pay

      AstraZeneca Shareholders Revolt Again Over Executive Pay

      AstraZeneca has suffered another shareholder revolt over executive pay, with two-fifths opposing a £13m package for its chief executive. Nearly 39% of investors voted against the pharmaceutical group’s 2016 remuneration report at its annual meeting in London, similar to the rebellion it faced three years ago . Support for the new pay policy was much stronger, with 96% of investors backing it...

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    5. Women Make up Less than a Quarter of UK Boardrooms

      Women Make up Less than a Quarter of UK Boardrooms

      D espite the fears of Tesco chair John Allan that men are becoming an “ endangered species ” in boardrooms, the majority of UK company directors are still male and pale.

      And while women’s presence in the boardroom has grown over the past four years, according to our research at the Directory of Social Change , their positions tend to be non-executive and it’s still a rare company that has a female chair or CEO...

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      Mentions: Board Diversity CEO
    6. Quotas Only Help One Type of Woman to Progress

      Quotas Only Help One Type of Woman to Progress

      If you’re a senior woman in Silicon Valley then 2017 is shaping up to be a lucrative year. The New York Times reports that recruiters have been wooing women in the sector – with some senior women turning down up to 20 board invitations. More and more companies are now choosing to publish their diversity figures, and if the numbers stay the same each year it starts to get a little embarrassing. So in a bid to keep their clients happy, recruiters are finally actively searching for female candidates...

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    7. Sweden Rejects Quotas for Women on Boards of Listed Companies

      Sweden Rejects Quotas for Women on Boards of Listed Companies

      Sweden’s parliament has rejected plans to introduce legislation that would fine listed companies who fail to appoint women to at least 40% of board seats. The leftwing government announced in September that it was drafting the legislation, but the centre-right opposition and a far-right party, which together hold a majority in parliament, told parliament’s law review committee on Thursday that they would not support the project...

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    8. Rising Executive Pay 'Threatening Reputation of Big Business'

      Rising Executive Pay 'Threatening Reputation of Big Business'

      Executive pay has become too high and risks damaging the reputation of big business, according an influential fund management group which has drawn up ideas for reform that could reduce the overall remuneration package of top bosses. Hermes Investment Managment published a paper that showed that the average pay of a chief executive could be cut ...

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    9. 'Too Big to Manage': Wells Fargo Cuts Not Enough For Outraged US Congress

      'Too Big to Manage': Wells Fargo Cuts Not Enough For Outraged US Congress

      Whatever Wells Fargo is selling, Congress is not buying it. “Your bank was turned into a school for scoundrels,” New York congresswoman Carolyn Maloney told the chief executive, John Stumpf, at his second grilling in Washington in as many weeks. Stumpf was quizzed by the House financial committee for over four hours on Thursday about his staff opening two million unauthorized accounts ...

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    10. The Secret Life of a Corporate Responsibility Director: I Point Businesses Toward Their Moral Compass

      The Secret Life of a Corporate Responsibility Director: I Point Businesses Toward Their Moral Compass

      You’d be forgiven for thinking it all sounds a bit wishy-washy, but corporate responsibility and sustainability are increasingly serious issues to businesses, and the wider public, apparently. Research suggests that up to 60% of consumers would pay more for environmentally or socially responsible products. Interestingly, the proportion of people who actually pay more for these products is significantly lower ...

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    11. An Industrial Strategy is Hard to Achieve. But at Least Laissez-Faire is Over

      An Industrial Strategy is Hard to Achieve. But at Least Laissez-Faire is Over

      he message is clear. Gone are the days of laissez-faire, when Conservative industry secretaries thought it was their job to get out the way and allow free rein to market forces. Sajid Javid, an adherent to that philosophy, was shown the door in May’s reshuffle after an undistinguished year in the job. Clark’s rebadged department is a tacit admission that the rebalancing of the economy promised by George Osborne when he became chancellor six years ....

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    12. Is It Not Enough For Directors to Resign Over Sexism? Business Must Change!

      Is It Not Enough For Directors to Resign Over Sexism? Business Must Change!

      S o farewell, Kevin Roberts. The Saatchi & Saatchi executive chairman resigned last week after giving an interview to Business Insider that was so riddled with sexism and complacency it is difficult to pick out a particular soundbite. To summarise, Roberts said that there was no problem with sexual discrimination at Saatchi & Saatchi and that some women, and men, were looking just to be happy in life rather than climb up the ranks of a company....

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      Mentions: Chairman
    13. Over 70 Banks and City Firms to Link Bonuses to Senior Jobs for Women

      Over 70 Banks and City Firms to Link Bonuses to Senior Jobs for Women

      Over 70 banks and City firms to link bonuses to senior jobs for women Companies including Lloyds and Barclays sign up to women and finance charter to end male-dominated executive teams. Jayne-Anne Gadhia, CEO of Virgin Money, found women made up 23% of boards at City firms but only 14% of executive committees ...

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    14. Why the Revolt Against Executive Pay is Not Going Away

      Why the Revolt Against Executive Pay is Not Going Away

      One issue has been moving company news from the business section to the front page: executive pay. Companies continue to announce compensation packages for their top managers that leave people agape, not just because the gap between companies’ highest- and lowest-paid workers is so wide, but also because the compensation bears so little relation to firms’ performance ...

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    15. HSBC Expands Boardroom Ahead of Expected 20,000 Job Cuts

      HSBC Expands Boardroom Ahead of Expected 20,000 Job Cuts

      Irene Lee and Pauline van der Meer Mohr as non-executive directors. They do not directly replace any individuals on the board, which will now have 19 members. But Rona Fairhead, the former Pearson executive who chairs the BBC Trust, is to leave before next May. Her role has been in focus following revelations that HSBC’s Swiss arm helped customers evade tax because she chaired the bank’s audit and risk committee at the time the scandal took place...

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      Mentions: Chairman
    16. Greater Economic and Political Power Gives Women More Seats in Boardroom

      Greater Economic and Political Power Gives Women More Seats in Boardroom

      Powers outside the boardroom more important for gender equality in business than quotas, new research reveals Women are more likely to be promoted to company boardrooms in countries where they hold greater economic and political power, according to research that highlighted the limited ability of quotas to give women more sway in business. Women’s economic power, as measured by years of ...

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    1-24 of 47 1 2 »
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