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Corporate Boards

Volume 524: debated on Thursday 10 March 2011

9. When she expects Lord Davies to make recommendations on the removal of barriers to women serving on corporate boards. (45311)

Lord Davies reported, with his recommendations, on 24 February. The Government have welcomed the Davies report. We are engaging with business in considering his recommendations, and we encourage regulators, investors and executive search firms to take forward those recommendations that fall to them.

In addition to the measures the Prime Minister outlined yesterday, does my right hon. Friend agree that we can learn a lot from the legislators of Denmark and Spain about smoothing the path of women on to boards and into other avenues of public life?

My hon. Friend is absolutely right that we must look at international experience; indeed, Lord Davies did that in putting together his report. I especially commend the Australian “If not, why not” model, which has been particularly successful in achieving a significant increase in the number of women on boards without resorting to quotas or increasing the burdens on business.