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The company behind the statue, State Street Global Advisors (SSGA), supported the campaign after research showed that companies with gender diversity in leadership teams outperformed those without it. Talking about the campaign, Lori Heinel from SSGA said “We are delighted to bring this impactful campaign to London and continue to take a stand for the important issues of gender diversity at the board and senior leadership level”.
London Stock Exchange CEO David Schwimmer said that the group “fully supports her mission of raising awareness of the importance of diversity on boards and within senior corporate leadership”. The statute has caused heated debate on social media platform Twitter, with users heaping praise and criticism in equal measure. Whatever people’s thoughts, the piece is certainly thought-provoking and will help to focus minds in the city on the ever prescient subject of gender diversity in the board rooms across the city.
Research by the Cranfield School of Management (click here to see study) showed that between 2003 and 2013, FTSE 100 businesses with a higher number of women on their board enjoyed higher market valuations and were more profitable than those who had fewer. The reason? That’s where the research gets a little patchy. While there was a clear correlation, a cause was not clearly identified. It does though appear to be a result of greater corporate governance.
While there is clearly some good news for women in the upper levels of the business world, there is still some work to do. A report by S&P Capital IQ data showed that only 6pc of British businesses have a female chief executive. Though there is work to do, the UK does have the highest number of female chief executives of all of Europe’s major economies.
One potential silver lining of Brexit is that companies will be looking for points of differentiation in order to gain an edge. If having more women in the boardroom improves corporate governance, and in turn profitability, then for women in business at least, Brexit may actually prove to be a positive rather than the negative that many assume it to be. The combination of the research and the statue will focus minds in the City of London as to the possibilities that embracing gender diversity offer. Enhanced corporate governance often comes from a diversity of opinion and for many businesses, and specifically those at the sharp end of the Brexit conundrum, any sort of competitive edge is likely to be desirable. This campaign could help to propel more women into the boardroom – a move that can only prove to be positive.
“I was so happy I did not get bothered throughout the extensive works and that a strict timetable was completed flawlessly. Fantastic experience all round.”
Our project was finished on time and to budget in what was a very short timescale, which is a credit to the team at Spaceway!
Another project well done by Spaceway. As before, we're very pleased with everything from concept through to completion.
Spaceway worked with us to create the perfect environment for our staff. The completed project was fantastic and utilised the space to provide practical, modern and attractive working surroundings.
The project was designed to meet our specific requirements which included fitting in 20 more additional workstations using the existing space. The design works well and has met our expectations fully, we will continue to use Spaceway, they do a good job.
The office fit out is superbly finished to the highest standards and beyond our expectations.
We were delighted with the service from Spaceway.
Thank you to Spaceway for the improvements that have been made to move Bodywise forward. You've done a very good job and we look forward to working with you again.
MD, ALPMA UK
"I’m very pleased how they’ve gone through it all and actioned it and they’ve got good depth of resource, good depth of people, and good skilled people who work well and tightly and good communication. So I’m delighted."
The project was challenging to say the least with the removal of 280 workstations and fitting of 400 new ones, along with collaboration areas and 400 bespoke lockers over two weekends, but Spaceway managed to complete this along with office refurbishment works on time and to an excellent standard.
Plastimo UK Limited
We are delighted with the finished product. The space has been turned into an exceptional working environment, which will serve us well for years to come
It’s no good having just an empty industrial building you need a concept for space, a design, an infrastructure and someone to build it. Designing something like this from scratch with someone who’s willing to invest in your ideas, Spaceway is your perfect partner.
We're very impressed with the Spaceway team and the whole project was installed without fault. We are looking forward to working with the team again.