“We should live in a country where every person, regardless of their ethnicity or background, is able to fulfil their potential at work.”
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This lack of gender diversity is not only deeply worrying, as the report has not even touched on ethnic diversity amongst these women it also highlights that a lack of any women at the top of these companies is literally bad for business. FTSE350 companies with no women on their executive committee only achieve a net profit margin5 of 8.9%, whereas the figure soars by 5%, to 13.9% in businesses with at least 25% women at this level.
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