Hinckley & Rugby has signed up to the Women in Finance Charter, which commits financial services organisations to preparing their talented female staff for leadership roles.
The Society is one of a wave of 67 companies to have signed up to the Charter, HM Treasury announced today, taking the total to date to 272 employers with more than 760,000 financial services staff in the UK.
The Charter asks that employers: have a member of the senior executive team responsible and accountable for gender diversity and inclusion; set targets for gender diversity in the senior management; publish annual progress; and intend to ensure the pay of the senior executive team is linked to delivery against these targets.
Hinckley & Rugby has committed to maintaining a minimum of at least 40 per cent women in senior roles – and it currently beats that target, with an executive team of six women and six men. Its non-executive directors are also equal; three women and three men.
Hinckley & Rugby chief executive Chris White is the senior executive responsible for gender diversity. He said: “We are proud that we have women in half of our senior roles, which has been achieved whilst pursuing a strategy of appointing the right individuals for roles, regardless of gender.
“By signing the Women in Finance Charter we commit the Society to continuing to create a progressive and supportive working environment in which any and every employee can feel they can go as far and as fast as their talent and motivation can take them. It’s part of what makes Hinckley & Rugby an employer of choice.”
John Glen, economic secretary to the Treasury, said: “Too few women get to the top in financial services. That’s why it’s so important that firms sign our Charter and commit publicly to take action.
“It’s not just the morally right thing to do – a balanced workforce is good for business, for customers, and for profitability too. I commend our new signatories for taking a step in the right direction.”
Hinckley & Rugby is one of three building societies joining the Charter signatories today, alongside Yorkshire Building Society and Coventry Building Society.