Female directors at the UK’s biggest 100 firms earn 74 per cent less than men, research shows.
Women on FTSE 100 boards are paid £245,000 a year on average, compared with men who receive £935,000 a year, according to a study by Mattison Public Relations.
Pay gap: Women on FTSE 100 boards get £245,000 a year on average, compared with men who receive £935,000 a year
The gap is driven by men dominating higher-paid executive roles, with women making up just 14 per cent of executive directorships.
Executive directors are awarded an average of £2.7m each year, compared with £137,000 for non-executives.
The study found women in just 24 of 238 executive roles in the FTSE 100.
They account for 43 per cent of 896 non-executive director roles. But even in these, women are still paid much less than men – an average of £101,000 against £166,000.
Mattison director Maria Hughes said: ‘Businesses want to communicate their commitment to diversity but excluding women from executive board positions isn’t going to do that in 2022.’
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