Government review by Lord Davies calls for 25% female board representation by 2015 – but stops short of mandatory quotas.
LONDON: A government inquiry into male dominance of UK boardrooms has ruled out setting mandatory quotas to force companies to hire female executives but said FTSE 100 companies should aim for a minimum of 25% female board representation by 2015.
Lord Davies of Abersoch, who led the official review for the government, said “radical change” was needed “to ensure that more talented and gifted women can get into the top jobs in companies across the UK”.
FTSE 350 companies should be setting their own, “challenging targets” and he expects that many will achieve “a much higher figure” than the minimum 25%. [Read more…]