The Women in Finance Charter report found that average representation has increased to 35% in 2022, showing an improved picture for charter signatories, which remained flat at 33% in 2020 and 2021.

In addition, three quarters of companies have increased (71%) or maintained (6%) their proportion of women in senior management.

Charter signatories include the Association of Accounting Technicians (AAT), which met a target of 55.6% of female representation in its senior management.

Accountancy firms Deloitte (27%) and BDO LLP (20%) have made small improvements while there is significant progress at ICAEW, which showed that women held 55.3% of senior roles in 2022, compared to 33.3% in 2017.