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Response to Lord Davies report
The CBI today commented on the final Lord Davies Women on Boards report, which set a new voluntary target of 33% female board representation for the FTSE 350.
The report also confirmed that female representation on the FTSE 100 has increased to 26.1% (October 2015).
CBI Interim Chief Policy Director Matthew Fell, said:
“Lord Davies’ latest report shows that businesses understand the value of harnessing all available talent. The UK's voluntary approach is working, so it's right that this report sets business a stretching new voluntary target.
“Businesses must now keep up the momentum by continuing to work on building the talent pipeline, increasing the representation of women in executive roles and narrowing the gender pay gap.
“UK companies want to continue leading on this agenda, but the Government can do more to help by extending free childcare, promoting the benefits of flexible working and tackling occupational stereotypes in schools.”
