Friday, April 13, 2012
CWO Policy & Research: Women in the Lead
Good news reported in the Financial Times – the number of women on Boards is in line to pass Lord Davies' 2015 target. Only a year after his report, women are joining FTSE 100 at such a fast rate they are likely to exceed the target of 25%. Cranfield School of Management forecasts the figure could be 30% - the same percentage David Cameron has said he wants to see as a minimum for women in the Cabinet. The number of companies with no women on their Boards has fallen from 21 to 11.
Rt Hon Theresa May MP, Home Secretary, welcomed the news when she announced the appointment of Ruby McGregor-Smith, CEO of Mitie, to chair the Women's Business Council which will advise Ministers.
We also welcome the election of Councillor Philippa Roe as Leader of Westminster City Council. As a former Director of Citigroup and an Associate Director at Schroders, Cllr Roe brings a wealth of skill and experience to one of the country's most high profile jobs. She has argued for money saving through reform of services rather than just cutting them. Eighty percent of Westminster's savings have come from the back office and have not hit front line services.
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