'Women Don't Want Quotas for Boardroom' Better Transparency May Help, Says Welsh Ex-Bank Chief Investigating for Government

Daily Post (Liverpool, England), January 3, 2011 | Go to article overview

'Women Don't Want Quotas for Boardroom' Better Transparency May Help, Says Welsh Ex-Bank Chief Investigating for Government


Byline: GAVIN CORDON

THE former bank chief charged by the Government with getting more women serving on company boards has signalled that he is unlikely to recommend fixed quotas for female directors.

Lord Davies of Abersoch, the former trade minister and ex-chief executive of Standard Chartered, said that while he had not ruled out quotas, he was "not convinced" that they represented the best way forward.

Instead, he suggested that opening up the recruitment process for senior appointments, making it more transparent, could be a better option. Lord Davies is due to deliver his final report to Business Secretary Vince Cable in February.

Writing on The Guardian website's Comment is Free section, he said: "Quotas have proved successful in some countries but many of the women I have spoken with are against these.

"I have not ruled them out as a recommendation.

"But at the moment I am not convinced that they are the right method to encourage progress.

"Female executives need to be recognised for the talent and skills that they possess. …

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