Gender pay gap worsening on boards of directors

The fee differential between men and women on company boards has widened in the past year, Newsroom reveals. A survey of 401 public and private sector companies shows the gender pay gap has nearly doubled to a 23% gap between male and female board chairs. One key reason suggested is that older men would rather be carried out of the boardroom than relinquish the chair. “I think the starting point… is that there be tenure limits in the constitution of the organisation,” says Graeme Nahkies, the practice Leader and (yes) co-founder of governance consultancy firm Boardworks.