"London's IT industry is still a big part of the UK economy, and it's the most innovative and fastest-growing segment. Even while the industry is regarded as being forward-thinking, it is still hard to achieve real gender equality, especially at the top levels of business governance. Diversity is garnering greater attention, but the number of women on the boards of high-growth IT businesses is not expanding as quickly as the company as a whole."
"There is a big difference in the number of women on the boards of established, publicly traded tech companies versus high-growth scale-ups. A large number of board director positions at FTSE 350 technology companies are currently held by women. Regulatory frameworks, such as those put in place by the Financial Conduct Authority, which set minimum goals for the number of women on boards of public companies, have clearly had an effect on this progress."
"The UK's fastest-growing tech scale-ups, on the other hand, are a long way behind. Recent research shows that women hold only a limited number of board posts in these high-potential companies. Also, a large number of these companies that are growing quickly don't have any women on their boards at all. This difference shows that legal pressures on public corporations work, but private, fast-growing organizations don't have enough internal or external reasons to make diversity a priority in their governance structures."
London's IT industry remains a major, highly innovative, and fast-growing part of the UK economy. Achieving gender equality at senior governance levels remains difficult despite growing attention to diversity. The number of women on boards of high-growth IT companies is not keeping pace with company growth, indicating weaknesses in talent development and promotion across the ecosystem. Established FTSE 350 technology firms show higher female board representation, influenced by regulatory frameworks such as Financial Conduct Authority targets. The UK's fastest-growing tech scale-ups lag significantly: research finds few women hold board posts and many scale-ups have no female board members. Underrepresentation also persists in CEO, founder, co-founder, and Chair roles.
Read at London Business News | Londonlovesbusiness.com
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