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Melton Building Society are signed up to the United Nation’s Sustainable Development Goals, a blueprint that sets clear targets to achieve a better and more sustainable future for all. One of our five goals is Decent Work and Economic Growth which aligns to our work around women in finance as we seek to achieve and maintain a balanced senior management team, including Board, the Executive Team and other Senior Managers.
In 2021, Melton Building Society became a proud signatory to the Women in Finance Charter. We remain firm in our belief that diversity is good for business, bringing a mix of skills, cultures, and views that ensure we can make better decisions across our organisation for the benefit of our members.
The Society has, over many years, maintained a gender balance across the Board and Executive Team, which has been achieved whilst pursuing a strategy of appointing the right individuals for roles, regardless of gender. However, we are not complacent and know that there are a number of areas we can strengthen, including enhancing diversity amongst our wider Senior Manager level, to continue our progress.
We currently have 41% female representation in senior management. We set a minimum target of 40% and a stretch target of 50% gender diversity within our senior management team. Whilst we have met our minimum target, we have more work to do to reach our stretch target and ultimate gender parity.
Our Nominations Committee regularly reviews and assesses our Board effectiveness, structure, size and composition (including the skills, knowledge, experience and diversity mix) together with ensuring that effective succession plans are maintained for the Board, the Executive Team and other Senior Managers.
Our CEO, Simon Taylor, is the Accountable Executive and is a key advocate for both our work on the Women in Finance Charter and our wider diversity plans, aiming to continue and further develop our ambition of being a truly inclusive Society where our colleagues feel they belong, are cared for and are respected.
We remain committed to the Women in Finance Charter and delivery of our wider diversity plans.