Call me Dave: Virgin Money CEO’s gender joke

Call me Dave: Virgin Money CEO's gender joke

There are extra FTSE-100 bosses known as Dave (eight) than there are ladies (six), we’re ceaselessly reminded within the debate about gender inequality in UK boardrooms.

This weekend, Jayne-Anne Gadhia, chief govt of Virgin Cash and chief of a Authorities-backed initiative to encourage extra ladies into monetary providers, is contemplating taking her campaign to redress the obvious gender imbalance an unlikely step additional.

Sky Information understands that Mrs Gadhia has been toying with the concept of adjusting her first title to Dave-Anne on April Idiot’s Day.
It will be the kind of stunt extra normally‎ related to Sir Richard Branson, the brash Virgin Group billionaire and former mentor to Mrs Gadhia.
“When you think about the staggering incontrovertible fact that there are as many males known as David or Dave as ladies operating Britain’s FTSE 100 corporations, it’s clear to see simply how laborious it’s for girls to progress,” she stated on Friday.

“Related analysis performed a few years in the past confirmed that CEOs known as John outnumbered the variety of ladies on the helm of FTSE 100 companies.
“So though the title has modified, not a lot else has; maybe I ought to change my title to Dave-Anne.”
Whether or not she truly goes forward with it or not, Mrs Gadhia’s joke shall be underpinned by a severe message: that there’s nonetheless too little progress being made within the drive to get extra ladies into the higher echelons of British enterprise.‎Mrs Gadhia ‎has spearheaded the Ladies in Finance Constitution which has now amassed 200 signatories, together with Goldman Sachs, Visa and Sainsbury’s Financial institution.‎The ‎Constitution commits members to agency targets for feminine illustration of their senior administration groups, and to linking the progress in assembly them to remuneration choices.‎Nonetheless, it has finished little thus far to deal with the broader‎ pay hole that exists within the Metropolis, and which has been uncovered by a string of figures revealed by main employers in latest weeks.‎Virgin Cash, which is the one‎ FTSE-350 firm with an all-women chairman and chief govt group, disclosed not too long ago that it had a gender pay hole of 32.5% – which Mrs Gadhia described as too excessive.

She described the gulf as being attributable to an extreme variety of ladies in lower-paying buyer providers jobs, and insisted: “We all know we pay women and men the identical for a similar job.”
Mrs Gadhia’s firm has set a goal of getting an equal variety of women and men‎ in its workforce by 2020.

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