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In brief: UK review to reject women quota

Friday 31 December 2010 – by Will Henley

A review of UK boardroom rules by a senior ex-banker is to steer clear of demanding that a minimum quota of women be mandated for financial companies.

Lord Davies of Abersoch, former chief executive of Standard Chartered and ex-Minister of Investment, says he will stop short of ruling out a quota but, crucially, he says he will not recommend it.

“Quotas have proved successful in some countries but many of the women I have spoken with are against these,” Davies will say today, according to reports.

Davies was appointed by UK Business Secretary Vince Cable to find ways to increase the level of female directors at UK-listed companies.

“I have not ruled them out as a recommendation but at the moment I am not convinced they are right method to encourage progress.”

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