Archive for July, 2011

The Economist States Gender Quotas on Boards a “Bad Idea”

"Several governments are threatening to impose quotas for women in the boardroom. This is a bad idea... he number of female bosses of large firms remains stubbornly small. Not a single one on France’s CAC 40 share index or on Germany’s DAX index is run by a woman. In America, ...

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Executive Search Firms Launch Voluntary Code of Conduct in Response to the Davies Review of Women on Boards

"As part of a package of recommendations to improve the gender balance on FTSE 350 boards in the UK, the Davies Review recommended that Executive Search Firms should draw up a voluntary code of conduct addressing gender diversity and best practice across the relevant search criteria and processes relating to ...

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The Economist: Quotas Are The Wrong Way to Promote Women

"A less coercive approach is preferable. Companies that want to attract the best talent must think hard about how to make work more family-friendly. Must managers meet their staff face-to-face every day? Technology makes telecommuting easier (and it facilitates networking beyond male-dominated bars and golf courses). Wise firms will strive ...

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Op Ed: European Commission VP Vivianne Reding on Women on Boards

European Commission VP Vivianne Reding recently contributed an op-ed piece to the BMW Group newspaper.  Click below for the article! May June edition of BMW Group Newspaper Reding Article

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Changes Proposed to the UK Corporate Governance Code on Gender Diversity on Boards

UK Financial Reporting Council proposes changes to the UK Corporate Governance Code based upon the recommendations of the Davies Commission. In this consultation document, the FRC seeks views on: •    whether further changes to the Code are needed in order to help achieve more diverse and more effective boards; •    if so, what ...

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How to Add More Women to Corporate Boards

"Is change best achieved through a legislative stick? Or is the mere threat of such a stick enough, as is in the case of EU, where regulators recognize that a sanctioned one-size-fits-all approach to boardroom diversity may not in reality provide a one-size-fits-all benefit to the bottom line of European ...

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UKIP’s Godfrey Bloom Attacks EU’s “Insult” to Women

Yorkshire politician Godfrey Bloom spoke out about European Union (EU) plans to force companies to ensure 40% of management posts are filled by women. Bloom spoke out last night after the European Parliament advised businesses to hire women to their executive boards by next year or face a mandatory quota ...

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Italy: Quota Breakthrough for Women on Corporate Boards

"In a surprise development, Italy’s Parliament approved on June 29th its own quota law requiring women’s representation of 33% in the boards of its companies by 2015.  At least 20% representation must be reached by 2012.  Non-compliance will require explanation, then a fine after four months, followed by voiding of ...

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EU Justice Commissioner Reding Welcomes the European Parliament’s Support for Women in Economic Decision-Making Positions

"On the occasion of the European Parliament’s vote on the report on women and business leadership, Vice-President Viviane Reding, the EU’s Justice Commissioner, said: 'It is good news that the European Parliament supports the European Commission’s approach towards more women in economic decision-making positions. Today’s vote confirms that the Commission is ...

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Inaugural 30% Club “Action Beyond Words” Seminar Promotes the Next Steps to Get More Women on Boards

July 4th "saw the inaugural 30% Club “Actions Beyond Words” seminar held at London’s Cass Business School.  The event, where speakers included the Home Secretary – the Rt Hon. Theresa May, Centrica Chairman Sir Roger Carr and Lloyds Chairman Sir Win Bischoff, focused on the positive actions that need to ...

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