Yvette Cooper MP, Labour's Shadow Minister for Women and Equalities, responding to a CMI report on the bonus gender-pay gap, said:
“It's disgraceful that the corporate gender pay gap seems to be getting wider rather than narrowing.
“Women executives already only get three quarters of the pay of male executives in similar jobs. And now this research shows women managers are only getting half the bonuses too.
“This is at the same time as the Director of Boardwatch UK has said progress in getting more women on boards was stuck 'in the doldrums,' even though there is clear evidence that increasing women on boards improves corporate performance.
“Too many organisations still need to get their act together and stop under-valuing women's talent.
“Labour has been clear that there should be no rewards for failure when it comes to bonuses and pay. Payments should be fair. Businesses should be more open and transparent about how much they pay men and women - in salaries and bonuses. And the Government needs to stop undermining legislation to tackle the gender pay gap.
"It is in the interests of business and the economy for women's talents to be valued and promoted. And it's high time that women were fairly rewarded. Instead, once again, it looks like the clock is being turned back.”<div>