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Review of women in boardroom ‘moving away from quotas’
The man appointed to review male dominance of corporate boards is reported to be backing away from compulsory quotas for women.
The man appointed to review male dominance of corporate boards is reported to be backing away from compulsory quotas for women.
In a comment article in The Guardian, Lord Davies says that he has not ruled out using quotas to increase the number of women on boards, but that he is not convinced this will solve the problem.
He suggests setting up an academy to train female executives and match them with a current company chair who could mentor them. He also speaks of creating a group of executives to give women the skills they need to be directors.
Other suggestions are to force companies to provide internships for senior women and to create a best practice code for headhunters looking to fill senior and director positions. Only 4% of non-executive directors have had formal interviews, according to a previous review in 2003.
Davies had previously suggested he was looking at imposing quotes on companies to ensure 40% of directors were female. Only 12.5% of directors of FTSE 100 companies are women.
He reports to Business Secretary Vince Cable in February.
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