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The UK’s “Voluntary Business-led approach” to women on boards

The UK’s “Voluntary Business-led approach” to women on boards. Women Economic Engagement, Dublin, April 29-30 2013. Dr Ruth Sealy Cranfield School of Management. The Davies Review and Report. Lord Mervyn Davies: ex-trade minister, ex-Chairman of Standard Chartered Bank

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The UK’s “Voluntary Business-led approach” to women on boards

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  1. The UK’s “Voluntary Business-led approach” to women on boards Women Economic Engagement, Dublin, April 29-30 2013 Dr Ruth Sealy Cranfield School of Management

  2. The Davies Review and Report • Lord Mervyn Davies: ex-trade minister, ex-Chairman of Standard Chartered Bank • Extensive consultation meetings • Online submissions • Online survey 2,600+ responses • Report March 2011 • 10 major recommendations • Results by 2015 or quota threat

  3. Female FTSE Index 2010 – 2013

  4. Women on Boards 2013

  5. Percentage of Directorships going to Women

  6. Predicting percentages of WoB 2011 - 2020

  7. FTSE 100 New Female Appointments Experience

  8. FTSE 250…Catching up

  9. FTSE 100 Female Executives

  10. Individuals Internally Promoted to Executive Committee 62% 48% Female Male

  11. EU Directive could affect up to 950 UK companies A turnover of more than €50million and/or more than 250 employees

  12. Challenges • Principles, not rules: “Comply or Explain” • No sanctions • Driven by the voluntary actions of the Davies Steering Committee • Driven by media coverage and peer pressure – less so for FTSE 250 • Driven by the threat of legislative intervention

  13. The Partnership Approach • Business: Chairmen, Heads of Diversity, Senior Women • Government: Equalities and Business, at the highest levels • Media – generous with time and information, lengthy conversations, changed the way the issue is reported. Has played a substantial part in moving debate forward. • Academia – we monitor and report constantly!

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