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Published on Mar 13, 2012
Lord Davies of Abersoch today published the first annual progress report on his ground-breaking review of Women on Boards.
The report tracks the progress that has been made against each of Lord Davies' ten original recommendations. His primary recommendation proposed that FTSE 350 boards should aim for a minimum of 25 per cent female representation by 2015.
In the twelve months since Lord Davies' report was published, we've seen the largest-ever annual increase in the percentage of women on boards and a growing recognition of the benefits gained by business, the economy and society by appointing more women to decision-making roles.
Business Secretary Vince Cable said: "This report provides real evidence that business is taking the issue of board diversity seriously and is voluntarily working to bring about the necessary changes. It demonstrates why we do not support the notion of quotas and why we think it would be inappropriate for Europe to impose them."
Lord Davies' review was published alongside the Cranfield School of Management's Female FTSE report, which looks at female board representation in FTSE 100 companies.