Private finance firms have fewer women leaders than listed rivals, new research shows Diversity Financial services companies that are structured as privately-owned partnerships have significantly fewer women in leadership positions than their publicly-listed rivals, new research shows. Fewer than one-sixth (15.1 per cent) of partners in privately-owned finance firms are women, according to research from employment law firm Fox & Partners. By comparison, women account for 43 per [...]
Millennials ignored by UK’s financial institutions as boards stumble towards gerontocracy UK boards The boards of banks, asset managers and fintechs are outstripping their European rivals at female representation, but failing to take on any millennials, according to new research. EY’s report found that there were no board members under 40 in any of the UK’s top financial services firms. The report on board diversity shows that in [...]
Chief Financial Officers should step up and take a more active role in leading their businesses, new report says CFO Company Chief Financial Officers (CFOs) should take a more active role in guiding the businesses they run through times of uncertainty, according a new report Big Four accounting firm Deloitte and cloud computing company Anaplan. The report warns that CFOs perception of themselves and their own roles fails to match the perceptions of others, as [...]
Card Factory financial chief to exit firm with £40,000 golden parachute July 25, 2022 Card Factory financial chief Kris Lee is set take away a £40,000 golden parachute after stepping away from his position at the Wakefield headquartered card seller Lee, who joined Card Factory in 2017 following a more than five-year stint as group finance director at The Edinburgh Woolen Mill Group, will be paid £40,000 in compensation [...]
Slater & Gordon shakes up boardroom after setting out plans to split June 29, 2022 Slater & Gordon has said company chief executive David Whitmore will step down from his position, after setting out plans to split its business in two, with a view to separating its “essential” and “specialist” legal services segments. The law firm said Whitmore – who took up his CEO role in January 2018 – will [...]
Atos finance chief to exit firm in wake of IT consultancy’s plans to split June 19, 2022 Atos yesterday said its chief financial officer is set to leave his job, just days after the French IT consultancy’s chief executive, Rodolphe Belmer, said he is exiting the company, after it set out plans to split into two, separate, listed firms. The exit comes as shares in Atos have lost more than half their value [...]
Atos chief exec leaves job after French IT firm sets out plans to split June 14, 2022 Atos chief executive Rodolphe Belmer today left his position as chief executive of the French IT consultancy, following a boardroom spat over plans to split Atos’ business into two separate, publicly-listed firms. The French exec, who only took on his new role January, is now set to be replaced by two new deputy CEOs, who [...]
Lukoil board members step down from roles March 17, 2022 Three international board members of Russian petroleum giant Lukoil have left the company today. This includes Roger Munnings, chairman of the Russian-British Chamber of Commerce, Toby Gati, member of the US-Russia Business Council (USRBC), and former Austrian Federal Chancellor Wolfgang Schüssel, president of TTG Global. The oil company’s board of directors now consists of eight [...]
Regulator calls out ‘poor’ board succession planning at FTSE 350 companies November 25, 2021 The Financial Reporting Council (FRC) have called out listed companies for “poor reporting” on succession planning, board appointments and diversity, in a review of corporate governance reporting. The FRC said companies provided “minimal information” to show how diversity and inclusion policies and objectives link to their business strategy. The regulator said that while lots of companies [...]
Willis Towers licks wounds of failed mega-merger with a board shakeup November 18, 2021 Willis Towers Watson has appointed four new directors, as the company tries to move forward after a failed mega-deal with Aon earlier this year.