Oral Answers to Questions

Julian Smith Excerpts

Thursday 14th February 2013 Commons Chamber

[Mrs Grant]

We all want a strong and effective A-rated human rights institution, and that is what our reforms are intended to achieve. We engage in positive, ongoing dialogue with the international co-ordinating committee, and we will ensure that it continues.

[Julian Smith (Skipton and Ripon) (Con)]

7. What steps she is taking to increase female representation on company boards. [R]

[The Parliamentary Under-Secretary of State for Women and Equalities (Jo Swinson)]

In 2010 we asked Lord Davies to review the obstacles preventing women from making it on to corporate boards. Following his report, a range of steps have been taken. They include a voluntary code of conduct for executive search firms, amendments to the UK corporate governance code, changes to narrative reporting, and the establishment of the Women’s Business Council. Over the past year, 38% of those appointed to the boards of FTSE 100 companies have been women.

May I congratulate my hon. Friend on the arrival of his new baby daughter, who, for all we know, may be a board director of the future herself?

[Julian Smith]

I thank the Minister for her answer, and I congratulate the Government on the excellent work that they have done to increase the number of women on boards. May I urge them, however, to focus particularly on the pipeline in companies this year, and to encourage our UK corporate boards to engage in a robust discussion about child care, “keep in touch” days, and the big cliff that appears when women reach childbearing age?

[Jo Swinson]

My hon. Friend is right. That is the point at which, for many women, it becomes very difficult to participate in the workplace at the same level as before. However, there is a great deal that employers can do to help both mums and dads to play a stronger role in the workplace. The Government’s “think, act, report” initiative is encouraging companies to think about what they can do not only to recruit the best women, but to retain and promote those women and ensure that their talent is nurtured all the way to the boardroom.