Pay equity can also be defined as equal pay for work of equal value. Therefore, if two people, irrespective of gender, ethnicity, religious views are contributing equal value to a company, those two individuals should receive equivalent pay.
According to former UK Trade Minister Lord Davies, who wrote The Davies Review “Improving the Gender Balance on British Boards”, 12 percent of board members amongst FTSE 100 companies in 2011 were women. By 2016 that figure had risen to 30 percent.
According to former UK Trade Minister Lord Davies—who you may recall wrote The Davies Review which focused on the task of improving the gender balance on the boards of Britain’s biggest companies—around 26 percent were woman.