FTSE 100 Finance Chief Roles

The Minister for Women and Equalities Was Asked – in the House of Commons at on 28 June 2018.

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Photo of Jim Cunningham Jim Cunningham Labour, Coventry South

What steps the Government are taking to increase the number of women in FTSE 100 finance chief roles.

Photo of Penny Mordaunt Penny Mordaunt The Secretary of State for International Development, Minister for Women and Equalities

We are supporting the Hampton-Alexander review targets for women to hold 33% of all senior leadership and board positions in the FTSE 100 by 2020. Some 29% of the FTSE 100 board positions are now held by women, which is up from 12.5% in 2011.

Photo of Jim Cunningham Jim Cunningham Labour, Coventry South

I thank the Minister for that answer, but I am sure that she would agree with me that, lower down the scale, a lot more needs to be done in terms of pay equality for women. Will she also have a discussion with her colleague at the DWP regarding the 11,000 WASPI women in Coventry who were born after 1951 and who are living in poverty to a certain extent because they cannot get their pension?

Photo of Penny Mordaunt Penny Mordaunt The Secretary of State for International Development, Minister for Women and Equalities

The hon. Gentleman raises an important point. I am keen to look at a broader range of women than the Government Equalities Office has perhaps previously focused on, including the category of older women. We are really trying to look at everything facing women at that point in their life, including their caring responsibilities, their financial fragility and the options they have to stay economically active.

Minister

Ministers make up the Government and almost all are members of the House of Lords or the House of Commons. There are three main types of Minister. Departmental Ministers are in charge of Government Departments. The Government is divided into different Departments which have responsibilities for different areas. For example the Treasury is in charge of Government spending. Departmental Ministers in the Cabinet are generally called 'Secretary of State' but some have special titles such as Chancellor of the Exchequer. Ministers of State and Junior Ministers assist the ministers in charge of the department. They normally have responsibility for a particular area within the department and are sometimes given a title that reflects this - for example Minister of Transport.