Women: Public Bodies and Listed Companies

Baroness Gould of Potternewton Excerpts

Thursday 15th July 2010 Lords Chamber

Asked By

[Baroness Gould of Potternewton]

To ask Her Majesty’s Government what action they will take to encourage more women to take up places on committees and on the boards of public bodies and listed companies

[Baroness Gould of Potternewton]

My Lords, I beg leave to ask the Question standing in my name on the Order Paper. In doing so, I declare an interest as chair of the Women’s National Commission.

[Baroness Verma]

My Lords, I pay tribute to the noble Baroness’s contribution in raising this important issue and to her continued work in the field of equalities. The Government share her concerns on these issues and that is why we have pledged to take action to promote gender equality on the boards of listed companies. However, we have more to do on the detail and in due course will be making an announcement setting out our future direction.

[Baroness Gould of Potternewton]

I thank the Minister for her nice comments and for her very helpful reply. However, what action do the Government intend to take to challenge recruiters and encourage them to ensure diversity in the membership of boards? Allied to that, how are the Government going to respond to the growing demand for specific places to be designated for women on boards and in public bodies?

[Baroness Verma]

My Lords, it is all about engaging with business and business organisations. We will engage with all relevant partners in developing our programme to fulfil the commitment in the coalition agreement. Head-hunters and recruitment companies will be aware of the stronger provision in the revised UK Corporate Governance Code, published on 28 May this year, on the importance of boardroom diversity. On the noble Baroness’s second question, we are working very hard to encourage people to work with us, rather than enforce an extra regulatory burden.