Investment - Articles - Voluntary measures are improving board diversity


 Giving evidence to the House of Lords EU Sub-Committee on the Internal Market, Infrastructure and Employment yesterday, Liz Murrall, IMA Director of Corporate Governance and Reporting, supported using voluntary measures to increase the number of women on company boards.
 She said:

 "The most important thing for investors is an effective board. A diverse board is a better performing board. However, diversity goes wider than gender; boards need a variety of nationalities, experiences and skill sets.

 "Voluntary measures are working and we should wait and see the full impact of Lord Davies' measures and the amendments to the FRC's corporate governance code, before considering further action. We don't support quotas - the downsides are too numerous to make them desirable. In Norway we saw men being kicked off boards in order to make room for the 40% female requirement. These women quickly became known as ‘golden skirts.' Nor do quotas develop suitable candidates in the pipeline for board appointments."
  

Back to Index


Similar News to this Story

Earnings boom overshadows Middle East gloom
Global markets trade higher on earnings optimism. Apple beats on strong iPhone sales. NatWest raises guidance as economic risks rise. Gold caught betw
Volatile oil prices ahead of key central bank meetings
Brent crude hits a wartime high of $126 a barrel before retreating. The volatile prices set the scene ahead of the Bank of England and ECB decisions.
Comments as Bank of England hold rates to 3.75%
Hymans Robertson, Standard Life and Schroders comment as Bank of England holds rates at 3.75%, as policymakers pause to assess the impact of conflict

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.