No Boardroom Quotas Required

Lord Davies, the former banker chairing an enquiry into gender equality in the boardroom, has indicated that businesses will not be bound by quotas stipulating how many women should be on their boards.

As business owners breathe a sigh of relief , this is a welcome indication of the trend towards reducing the red tape  businesses are forced to negotiate. The introduction of quotas would have forced businesses to ensure a minimum percentage of women on boards.

However, the decision is likely to disappoint female managers. Research carried out by the Institute of Leadership and Management  (ILM) found that half of female managers think board room quotas should be introduced and almost 75% of women managerial roles believe a glass ceiling exists which will prevent them from reaching their full potential.

Board room gender quotas have been introduced in Norway, France and Spain, and the European Commission is considering the introduction of mandatory targets. However, UK business groups remain very resistant to these quotas.

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