Domino's UK slammed for lack of gender diversity
The chain’s lone female board member is set to leave by end-June.
Domino’s Pizza has been slammed for the lack of diversity on its board, which is due to consist of male executives only by the end of June.
As first reported by the Sunday Telegraph, the Investment Association (IA) issued a so-called red-top on the pizza chain, said to represent the strongest warning from the body because of its failure to appoint women to its board.
The IA’s Institutional Voting Information Service (IVIS) puts a spotlight on companies that do not meet investor expectations on diversity. Companies are labelled as ‘red-top’ when women represent 20% or less of the board.
Currently, Domino’s has one woman on its board, Helen Keays, but is set to leave later this month.
The issue also comes after the IA and the Hampton-Alexander Review wrote to nearly a fifth of FTSE 350 companies over their lack of gender diversity earlier this year. The 63 companies, including Domino’s, were asked to outline their plans to improve the gender balance.
