The inquiry will assess points together with progress made in eradicating gender pay gaps
LAWMAKERS have launched a recent inquiry into sexism within the nation’s finance business, parliament’s influential Treasury committee mentioned in a press release on Friday (14).
The inquiry will assess points together with progress made in eradicating gender pay gaps, how greatest to assist variety and combating sexual harassment and misogyny, the committee mentioned.
The transfer comes amid renewed scrutiny of sexual misconduct in finance, after hedge fund founder Crispin Odey was ousted from his agency in June after allegations of sexual misconduct collectively reported by the Monetary Occasions and Tortoise Media. Odey has denied the allegations.
A earlier inquiry by the Treasury committee referred to as for companies to abolish ‘alpha-male’ cultures, take away the stigma of versatile working and inspired companies to publish methods for closing gender pay gaps.
Finance is one in every of Britain’s most profitable industries, but in addition one in every of its most unequal. The typical gender pay hole throughout 20 of the largest finance employers was 30.1 per cent in favour of males in 2022, a Reuters evaluation in April confirmed, in comparison with the UK common of 8.3 per cent.
“Has the tradition on this extremely paid sector shifted in any respect within the final 5 years? It is a topic of marked significance to our Committee and we look ahead to starting work on this essential subject,” mentioned Harriett Baldwin, chair of the Treasury committee.
The committee has requested for written proof to be submitted by September 1.