One third of British companies to be women by 2020
31 October 2015, Nirapad News: Britain is currently sixth in the world for the proportion of women on company boards, with Norway, where women make up 35 per cent of boards, at the top, according to the findings of last month’s Davias Review.
Many countries ahead of the UK — including Norway, France and Belgium — have set formal quotas for female representation, according to a media report.
The UK government-backed Davies Review says a third of all board seats at Britain’s biggest companies should be held by women by 2020, but shies away from mandating a specific target for executive jobs, the report adds.
The report into gender diversity in the boardroom, led by Lord Mervyn Davies, focuses on the need to increase the numbers of women at executive level and the pipeline of future board members.
The Davies report notes that it is “clear” that the quota countries will reach their goals in the next few years.
have meanwhile been urged by Vince Cable — who set up the annual Davies reviews when he was business secretary in the coalition government — to carry out a similar exercise probing the glaring lack of people from ethnic minorities on company boards, the report adds.
The review also expands the target for board seats to take in the country’s next 250 biggest companies.
Its boardroom 2020 target of 33 per cent raises the previous aim of 25 per cent by 2015.