The voluntary charter requires organisations to set targets to raise the number of women in senior roles. Signatories of the charter have to pledge to link executive pay to those targets. Bailey’s successor at the FCA will be under pressure to recruit more women to senior roles if the watchdog hopes to increase the proportion in senior roles to 50% by 2025. However, the FCA could end up replacing those targets or extending the time frame, as has been done by fellow signatory TSB. Despite appointing its first female chief executive, Debbie Crosbie, in May, the number of women in senior roles at TSB fell from 41% in 2017 to 38%.

Source: The Guardian December 20, 2019 18:45 UTC