Posted on March 13, 2012 by allmumkind
Over a year ago just over 20 of FTSE 100 companies in the UK did not have female representation on their boards. In the last quarter of 2011 this had reduced by a third and as we come to a close of the first quarter of 2012, this figure is 50% less.
For years the number of women on boards barely moved. A female EU Justice commissioner, Viviane Reding suggests that at the current rate it could possibly take up to 40 years for women to have equal representation on boards throughout Europe.
Lord Davies set out over a year ago by aiming to encourage businesses to have 25% female representation on their board by 2015. We see the improvement today as women actually account for 15% of FTSE 100 directorships, which has improved from 12.5%.
The business secretary, Vince Cable believes quotas are not necessary at the moment and firmly believes in businesses making a more voluntary approach. 'Increasing female board representation is a win-win proposition for business. Well-balanced boards with broader experience introduce fresh perspectives and new ideas, which help improve performance and boost productivity,'said Cable.
The push for this government to place on businesses needs to be relentless. 'Some excellent work has taken place...however, I must also emphasise that efforts need to be ramped up and the speed of change accelerated if we're to avoid government interferences,' Davies added.
Board representation should be gained through experience and effectiveness of an individual and of which doesn't just focus on the gender 'norm' which is irrelevant. If you have earned your position through meritocracy, gender should not come into the equation.
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