PwC UK has committed to improving the level of female representation at board and senior level positions.
The commitment came as the firm’s chairman Ian Powell joined the 30% Club, a group of organisations voluntarily committed to meeting the goal of having 30% female representation on UK boards.
The club aims to inspire leaders to appoint more women to both executive and non-executive director roles, as well as improving the pipeline below board level and supporting successful women in business.
The lack of women in leadership roles remains a widespread problem, especially at top-tier management levels. A recent survey conducted by International Accounting Bulletin (see Getting the balance right) notes that of the top 10 global accounting networks, only one has a female CEO.
Women also only hold 20% of senior management positions in privately held business despite outnumbering men in some accounting firms.
Gender diversity ‘critical to firm’s success’
PwC currently has 18% female representation on its boards, while FTSE 100 companies on average only have 14% female representation.
Powell acknowledges the “competitive edge” diversity brings, as well as the “positive influences” on the firm’s culture and decision making processes that comes with having a better gender balance.
“With an almost even number of women and men entering our training schemes, it is important that this balance continues to be reflected at all management levels. Signing up to the 30% Club is not about ticking a box – it is critical to the firm’s success,” he said.
PwC UK joins Lloyds, Centrica, Anglo American, Barclays and John Lewis who are already members of the 30% Club.