Shareholders subjected the female CEO of insurance giant Aviva to multiple sexist comments at AGM that left board chair ‘flabbergasted’

ByMargie D. Moore

May 13, 2022 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

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viva, Britain's largest insurance company's headquarters are pictured in London.

Aviva headquarters pictured in London.BEN STANSALL/AFP via Getty Images

  • Amanda Blanc, the CEO of Aviva, endured repeated sexist remarks at the company AGM.

  • Aviva’s chair of the board, George Culmer, mentioned he was “flabbergasted” by the reviews.

  • Sexism has plagued London’s insurance policy sector for many decades, details demonstrates.

The CEO of British isles insurance policy huge Aviva, Amanda Blanc, was topic to a string of sexist remarks from shareholders at its annual general assembly, the Fiscal Situations initial reported.

Blanc, the company’s initial female CEO, delivered a speech at the conference in London on May perhaps 9 underscoring the company’s disposals and its prepared £4.75 billion ($5.86 billion) money return.

Aviva confirmed the prevalence of the shareholder remarks to Insider but declined to comment even more.

A person investor responded by stating that Blanc’s shipping didn’t match the share value overall performance in the firm’s previous 10 a long time, which “signifies she’s not the gentleman for the career.”

Investor Michael Mason-Mahon commented on Blanc’s wardrobe, questioning regardless of whether she ought to be “sporting trousers.”

A 3rd shareholder, Ted O’Toole, applauded the firm for its gender diversity, then additional:”They [women] are so excellent at fundamental housekeeping routines, I’m positive this will be mirrored in the route of the board in upcoming.”

The incident highlights the issues women in best govt roles keep on to deal with in the workplace. Challenges persist even at corporations these kinds of as Aviva, exactly where 50% of board customers are women, and females also make up essential management roles, which includes the main economic officer and main advertising officer positions, Fortune described.

Aviva’s chair, George Culmer, responded to the remarks made at the assembly, declaring he was “flabbergasted” by them, the FT reported.

Culmer additional: “I’m not going to say thank you to absolutely everyone for your responses, since I assume there ended up some comments in that session that had been simply inappropriate and I do not hope and would [not] want to hear at any future AGM. I’m flabbergasted, to be sincere.”

The chair explained remarks at AGMs in the past have been impolite at situations but this was the to start with time they had been sexist, the FT noted.

Sexism has plagued London’s coverage sector in the earlier. There have been numerous studies of sexism and harassment toward females at Lloyd’s of London, the world’s major insurance coverage current market, for each a 2019 Bloomberg investigation. That report found evidence that 18 gals experienced faced these types of harassment at the sector.

The outlet additional that the large the vast majority of persons who get the job done at Lloyd’s are not staff of the trade but that “the norms of the insurance policy industry are in part shaped there.”

A survey conducted by the Banking Specifications Board on behalf of Lloyd’s found practically 500 men and women in the coverage market place experienced faced or witnessed sexual harassment in 2019, the Guardian claimed at the time.

Examine the primary article on Company Insider

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