Everyone in the UK insurance industry has probably had the same feeling at conferences and shows – crikey, there are a lot of men in grey suits here. The insurance sector isn’t the only place where there are a visible lack of female personnel of course, so the government has set up the Women in Finance Charter, to help bring about real change.
Here’s the word from RSA;
RSA is proud to have signed up to the Women in Finance Charter, a joint commitment by financial services organisations and HM Treasury to improve gender diversity in the financial services industry.
The Women in Finance Charter is a commitment by signatory firms to work collaboratively to build a more gender-balanced industry. The charter commits organisations to supporting the progression of women into senior roles, and requires them to set targets and publicly report on progress toward these.
Cathy Lewis, RSA’s group HR director and executive sponsor for the charter, said: “This is an important milestone for RSA and we wholeheartedly support the Women in Finance Charter.
“Becoming a signatory is part of our wider efforts to build an inclusive and diverse culture at RSA where talented individuals feel welcome and included. Companies with diverse workforces are more likely to succeed. We recognise the importance of this commitment to attracting and developing our people, and we look forward to putting our energy behind it.”
By signing up to the charter, RSA agrees to:
– Having one member of our senior executive team who is responsible and accountable for gender diversity and inclusion;
– Setting internal targets for gender diversity in our senior management;
– Publishing progress annually in reports on our website;
– Having an intention to ensure the pay of the senior executive team is linked to delivery against these internal targets on gender diversity.
RSA will be setting targets for gender diversity as part of the development of our wider diversity and inclusion (D&I) strategy, led by Cathy Lewis and Lynn O’Connor, who was recently appointed to the newly created position of head of D&I.