More women sitting on British boards is better for business, says CMI
Chartered Management Institute comments in response to Lord Davies review recommendations
The Chartered Management Institute (CMI) has welcomed the findings and recommendations published today (29 October 2015) in the Davies Review’s Improving Gender Balance on British Boards.
Petra Wilton, CMI’s director of strategy and external affairs, says that business will continue to benefit as it raises its targets to increase the number of women it appoints to board-level roles.
“FTSE 100 companies are waking up to the fact that diversity in the boardroom is very good for business.
“We’ve hit Lord Davies’s first target but there are many more milestones before we reach genuine gender balance in board-level roles. All listed companies must step up to the next challenge of increasing the number of women holding executive directorships and CEO roles.
“This must be a voluntary initiative; just parachuting women into board roles will not lead to sustainable changes at the top. Companies must adopt measures to unblock the talent pipeline that prevents all too many women from aspiring to and achieving the biggest roles in business.”
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