Multiple International financial services firms have signed up to a new U.K. government charter designed to improve gender diversity in senior positions within the sector.
The charter, which 72 firms have signed, commits companies to linking the remuneration packages of their executives to gender diversity targets and was unveiled at the London Stock Exchange on Monday. It also commits firms to setting out internal targets for gender diversity in senior management, publishing progress reports and appointing a senior executive responsible for gender diversity and inclusion.
The firms that have signed up span sectors including insurance, retail banking, asset management, mutual funds and FinTech. These include banks like Deutsche Bank, Barclays, Credit Suisse, Aberdeen Asset Management among others. Financial trade bodies such as the U.K. Treasury, the U.K.'s Financial Conduct Authority and a few others have also signed the charter. A full list of signatories is available here.