Women: Board Membership

Baroness Brinton Excerpts

Thursday 7th March 2013 Lords Chamber

[Baroness Stowell of Beeston]

The noble Baroness is absolutely right that we want more women on boards. We do so because they make up more than half of the nation’s talent and we cannot afford for the best and brightest not to be there. The statistics on black and minority ethnic women are not available because the statistics for women on boards are not broken down in that way, but I know anecdotally that they are not great. What I can say to the noble Baroness is that, through a range of measures that the Government are taking, we are ensuring that our effort expands to cover all women. She may like to know that the Women’s Business Council, which we set up to make sure that we address the pipeline so that more women come forward, is chaired by Ruby McGregor-Smith, who is chief executive of MITIE and the only Asian woman chief executive in the FTSE 250. She is chairing that council for the Government because she is so committed to diversity in all its forms.

[Baroness Brinton]

My Lords, 17.5% of FTSE 100 boards are made of up of women. I prefer to use that figure rather than the number of companies that have one token woman on the board. I know that it is below the target set by the noble Lord, Lord Davies, but it is a step forward from the 1990s. Given this very low figure, what steps are the Government taking to ensure that sufficient mentoring and counselling are available to women below board level who have ambitions of rising within companies and breaking through the glass ceiling?