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Re:Quotas for women on Boards in the UK? (1 viewing) (1) Guest
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TOPIC: Re:Quotas for women on Boards in the UK?
#2372
Quotas for women on Boards in the UK? 3 Years, 4 Months ago Karma: -1  
From the FT: Lord Davies, the former trade minister who has been leading a government inquiry on the issue of women in the boardroom, recommended that FTSE 100 companies aim for at least a quarter of their boards to be made up of women by 2015, while FTSE 350 companies should clearly outline the percentage of women they expect to see on their boards by 2013 and 2015.

But he warned this was the last chance corporate Britain would have to force through change itself and said statutory quotas would be brought in if voluntary targets failed to produce results.

Lord Davies said all chairmen should announce their aspirational goals for women on boards within the next six months and publish their own targets, and comply with them or explain why they had not done so.

Half of companies in the FTSE 250 have no women directors at all, while female representation in the FTSE 100 has been stuck at 12.5 per cent for the past three years.

*****Lord Davies also wants chief executives to review the percentage of women they aim to have on executive committees over a two- and four-year period to boost the number of women in the talent pool that feeds the boardroom.


I laud his efforts and hope that it does spur action to increase female representation on boards and in executives. I am not sure how I feel about set quotas, however. Is there a better mechanism?
 
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#2374
Re:Quotas for women on Boards in the UK? 3 Years, 4 Months ago Karma: 2  
Also in Belgium, there's a bill mandating that no less then one-third of board members be female, with a 2017 deadline. Smaller companies have until 2019. There's not even a chance we'd ever have a bill like that in this country. And of course there's no guarantee the bill will be passed.
 
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#2376
Re:Quotas for women on Boards in the UK? 3 Years, 4 Months ago Karma: 2  
Mercer just came out with a study that's relevant to this topic. It found that most employers lack a strategy for developing women leaders. The summary says: Despite organizations’ efforts to achieve a diverse workforce, the majority – 71% – do not have a clearly defined strategy or philosophy for the development of women into leadership roles.
 
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#2379
Re:Quotas for women on Boards in the UK? 3 Years, 4 Months ago Karma: 2  
Here's something about gender diversity on boards and the bottom line:
http://csrwiretalkback.tumblr.com/post/3932325234/women-boost-the-bottom-line
 
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#2400
Re:Quotas for women on Boards in the UK? 3 Years, 2 Months ago Karma: 2  
Just wrote about a study showing that diversity on corporate boards hasn't really budged. For women overall, it's gone up so little over the past six years that the number is inconsequential.

What's going on? Have boards decided that all this diversity stuff is just a distraction? Unimportant? A threat?

The conclusion of a number of studies is that having such people on boards helps shareholder value and provides a much-needed kick in the behind to entrenched board members.
 
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#2401
Re:Quotas for women on Boards in the UK? 3 Years, 2 Months ago Karma: 2  
Just wanted to add something here--It's likely that in difficult economic times, boards, like anyone else, become more risk-averse and less interested in change. And that would go for changing the composition of the board.
 
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