Business needs women at the top
Wed 12 Mar 2008
11/03/2008
UK business needs more women in executive roles to help it perform better, according to new research. PricewaterhouseCoopers (PwC) has revealed a widening pay gap between the sexes and found that companies with the highest proportion of women in senior teams performed best. Sarah Churchman, head of diversity and inclusion at PwC, said: "The Women and Work commission has also highlighted that the UK could gain £23 billion or two per cent of GDP by better harnessing women's skills." She went on to describe the current loss of female FTSE 350 leaders as a "leaking pipeline" that is "costing the British economy dear in terms of knowledge, skills and their resulting economic contribution in the UK and internationally". The research, The Leaking Pipeline: Where Are Our Female Leaders, marked International Women's Day. Ms Churchman warned: " If development of female leadership potential evolves in an unstructured manner then the leak cannot expect to fix itself."
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