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HSBC in top 10 FTSE companies for diversity among CEOs

HSBC in top 10 FTSE companies for diversity among CEOs


According to a recently published research, HSBC has come in equal seventh among 100 FTSE companies for female representation on its board (46%).

However the research – compiled by financial market portal DailyFX – revealed that organisations still have a long way to go in terms of gender boardroom equality with just six of the 100 surveyed having equal female representation.

A 2020 report by the World Economic Forum on global gender equality in the workplace estimated that it will take another 100 years to achieve.

Top of the list was British asset manager M&G with female board representation of 57%. 

HSBC also outperformed the other companies on the list by rating highest for black, Asian and minority ethnic representation on its board, recording a percentage of 25% – the next best had just 12.5%. A significant number of the other organisations actually had no-one (0%) in that cohort.

ftse diversity

The data also discovered that male FTSE CEOs earn on average US$2.08 million (HK$16.1 million) per year, three times as much as a female FTSE CEO US$767,000 (HK$6.9 million). The report also revealed that CEOs aged over 60 earned on average four times as much as CEOs less than 50 years old.

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