As we celebrate International Women’s Day today, it’s an appropriate day to share news that the FTSE Women Leaders Review, an independent and voluntary, government-backed initiative, has ranked Law Debenture first among financial services companies across the FTSE350 and top 50 private companies, and second across the FTSE250 for women on boards and in leadership positions, for the second year in a row.
63% of Law Debenture’s combined executive committee and direct reports, along with over forty percent (42.9%) of the Board of Directors, are women. This represents a year-on-year increase of 8.8% and 9.6% respectively, outperforming industry trends.
The review, now in its second year after succeeding the Hampton-Alexander and Davies Reviews, aims to increase the representation of women on boards and in leadership teams. The review of 2022 found that women now occupy 40.2% of board seats at FTSE350 companies, up from just 9.5% in 2011 and reaching the voluntary target three years early.
Law Debenture Chief Executive, Denis Jackson, commented:
“We are delighted to have received further recognition for the importance we place on creating a diverse, equitable and inclusive workplace. While there is always more that can be done, we are encouraged by our progress in fostering a DE&I positive culture. It plays a central role both in ensuring that our people feel respected and valued, but also providing excellent services and peace of mind to our clients.”
Trish Houston, Chief Operating Officer and Head of Corporate Secretarial Services, added:
“LawDeb’s value of ‘Better Together’ is about bringing different people with different experiences and different perspectives together and truly valuing what they bring to our business. While having a good representation of women is important to us, we are committed to ensuring true diversity across the firm and are proud that 25% of our employees are of non-white ethnicity. This compares to a 14% representation across the UK working population[1].”
In addition to the strong female representation in leadership roles, Law Debenture’s mean gender pay gap for total compensation is 13% compared to an industry average 27%.
To read the full report, click here.
You can learn more about Diversity, Equity and Inclusion at Law Debenture here
