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Opinionopinion

This is why we still need International Women's Day

When the World Economic Forum says it could actually take at least another 100 years to achieve gender parity, Angharad Neagle, chief executive of Freshwater, argues it is as important as ever

(Image: Getty Images/iStockphoto)

You may think that International Women’s Day is something of an anachronism. An event of its time but no longer holding any real relevance or significance in today’s society. But you’d be wrong.

The World Economic Forum predicts that gender parity will not be seen by our generation or the next, and that it could actually take at least another 100 years to achieve. With startling reports like this, it is clear that there’s no room for complacency.

Unfortunately, you don’t have to look very far to see that this pessimistic prediction carries weight. Just consider the recent behaviour of the head of the Tokyo 2020 Olympic organising committee, Yoshiro Mori. He resigned last month, a week after his derogatory comments about women triggered an international backlash. He was quoted as saying that women talk too much and that meetings with female board directors would “take a lot of time”.

Reacting to the criticism, he said: “My inappropriate remarks have caused chaos, and I would like to express my deepest apologies to the members of the council and executive board, as well as the entire community.”

Interestingly, he falls short of apologising to women, who should be at the top of his list.

Just days later, Japan hit the headlines yet again when the 82-year old secretary general of its Liberal Democrat Party, Toshihiro Nikai, announced that he would invite women to attend his party’s board meetings, as long as they didn’t actually speak.

Closer to home, thankfully we appear to be making progress as more women secure a foothold into the once traditional male domain of the boardroom. News that the number of female directors at FTSE-100 firms has increased by 50% in the last five years is welcome and is certainly something to celebrate on International Women’s Day.

Now, women hold more than a third of roles in the boardrooms of Britain’s top 350 companies. And, although men still dominate the top ranks of business, the Hampton-Alexander review, which was launched to encourage more º£½ÇÊÓÆµ-listed companies to promote women to their boards, has achieved its target of 33% of board positions at FTSE 100 and FTSE 250 firms being held by women by the end of 2020.