* Glencore became criticised for lack of female movies directors
* Mining sector lags folks for female representation
* Patrice Merrin holds number of other business enterprise posts
(Adds Merrin's position forward female representation, comment from
BERLIN, June 26 (Reuters) - Asset trader and miner
Glencore Plc, the last London-listed blue-chip company
on an all-male board, has appointed Patrice Merrin as its
The group had look under fire from some investors over
its apparent failure to be close behind recommendations in a 2011 British
state review that called for more women forward company boards.
Canadian mining accomplished Merrin, appointed a non-executive
gerente with immediate effect, had done work with at Canadian miner
Sherritt to get a decade before becoming chief executive created by
She is also a director of gold and silver coins mining company
Stillwater and has been awfully proposed as director of MFC
"This is a historic day for all the FTSE and for the reforms
Appears pushing for to ensure that there is much more diversity in
the talent maintaining our biggest companies, " documented UK Business
"This last meeting has been long in the making yet somehow I
congratulate Glencore Xstrata... A new case for change is clear supports
businesses with diversity at very own top are more successful.
British agencies have embraced this move during change and done
so for a voluntary way, without recourse during legal targets. "
The UK government's Davies Review recommended that all merchants
in the FTSE 100 index created by leading shares should aim for
at the very least a quarter of board roles that needs to be held by women by 2015.
Commodities was this year found like a listed company
sector with the outrageous percentage of female board people that are members, at
only 13. 6 percentage point against an average 24. 7 percentage point, according to
Those findings echoed hacia 2013 report from accountants PwC
which said it had found mining or prospecting lagged all other sectors,
including coal and oil, in terms of gender diversity, with but 5
percent of board bike seats held by women in the major 500 mining
The same study notable that profit margins were higher during
mining companies with women located on the board.
Glencore's appointment came just after Chairman Tony Hayward said
within annual general meeting in May nachi would name a
female gerente by the end of the year.
Hayward didn't openly remark on the fact that the
meeting of Merrin puts an end in order to Glencore's female-free
board era, highlighting instead on her skills.
"Patrice's honest experience of operating across the
resources group will help strengthen the board's and also have
work with the opportunities and deficiencies presented by the
Merrin could not feel reached for comment.
A spokesperson for London-based fund adviser Retirement benefits
Investment Research Consultants (PIRC) documented: "We welcome the
appointment and look forward to hearing more from Glencore
with regards to their plans to create much more diversity at board
Merrin small has championed the cause of having ladies
In a letter she sent in April. 2013 to the Ontario Securities
Charge she recommended it introduced hacia target that company
boards need comprise a minimum of 33 percent of females by the
end of June 2018 and it impose quotas if different targets were not met.
In the letter, he suggested the Commission should have hacia
"just do it" attitude slightly the "letting nature take the product's
course" view taken so far, which will had produced poor results.
Merlu Melvin, Chief Executive Officer at Hermes iPhone 6 flip case Fairness
Ownership Services (EOS), welcomed Glencore's appointment, but
"We support the purpose of the 30% Club to achieve hacia
self-perpetuating proportion of female movies directors on corporate
boards by the end created by 2015, " he said for a statement.
Launched in 2010 in the UK, some sort of 30% Club is composed of a
selection of business leaders taking voluntary procedure for reach a
target of having 30 % women representation on FTSE-100
companies' boards by the end of 2015.
The best annual progress report on Individuals on Boards earlier
this year expressed women accounted for 20. 7 percentage point of board
positions among FTSE=100 companies from 12. 5 percent this year and the years to come.
second-last FTSE-100 company to contract a woman to its board created by
directors when it named Vivianne Blanlot as a director in March.
(Additional reporting by Euan Rocha, Bill James, Jemima
Kelly, Simon Jessop and Andrew Osborne; Editing a David Holmes
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