“The CBI has today submitted a detailed response to the call for evidence as part of my review into women on boards. I welcome the hard work that has been put into this and their recommendations will help to inform the final report that I will present to Government in February.
“I am pleased to see that this issue has got a strong push behind it from business, but as the recently published Cranfield report highlighted there has been too little movement on diversity in the boardroom for too long. To see a step change on this we need to everyone to pull together, British businesses and their shareholders, the Government and the headhunting profession, to deliver the changes that will help women to achieve these roles.”
**Notes to editors
**1. Lord Davies was tasked by Vince Cable on 6th August to develop a business strategy to increase the number of women on the board of listed companies in the UK. Lord Davies is expected to report his findings to government in February 2011.
The call for evidence as part of Lord Davies review of the lack of women on British boards closed on Tuesday 30th November 2010, after receiving more than 2,600 responses.
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TERMS OF REFERENCE FOR MERVYN DAVIES REVIEW
To consider options for promoting gender equality on the Boards of listed companies. In doing so to consider the obstacles to women becoming directors of listed company boards including looking at existing research about women on listed company boards and recent developments in international practice and to make proposals on what action should be taken to improve the position.
It should involve interested parties including Board members, executive search firms, investors and other interested parties in considering proposals for change.
The business strategy will be presented jointly to the Secretary of State for Business, Innovation and Skills and the Minister for Women and Equalities. The business strategy should deliver a set of recommendations with supporting material outlining the thinking behind the recommendations and the views of key interested parties. The final recommendations should be provided by February 2011.
Notes to Editors
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