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The CBI commented on Lord Davies’ third annual progress report into Women on Boards.

Katja Hall, CBI Chief Policy Director, said:

“These latest figures show the voluntary approach recommended by business to Lord Davies is working. However there is still some way to go, so now is not the time to take our foot off the accelerator.

“Lord Davies is absolutely right to highlight the need to address the pipeline of future female directors if we’re going to achieve real parity. This is something that businesses are committed to doing, and real progress is now being made on building workplaces that help all staff, male or female, develop their careers and manage their work-life balance effectively.”