A leading business group has called for measures to increase the number of women in the boardroom, such as making firms measure progress on improving diversity.
The CBI said companies should have to explain if they failed to meet internally set targets, although it added that a media firm with a high number of female staff may set a higher target than an engineering firm employing mainly men.
A similar scheme due to be launched in Australia next year has already led to a big increase in the number of female board appointments, the CBI said.
CBI president Helen Alexander said: “Although women make up half of the population and more than half of university graduates, they remain woefully under-represented at board level.
“We need to see more women progressing through the ranks and do more to keep them moving along the career pipeline into the top jobs.
“Schemes such as flexible working, mentoring and networking have helped but making progress at the very top levels of business will require more sophisticated talent management.
“What is needed is cultural change, not quotas, ratios or tokenism. That is why we are calling for a flexible system that will allow firms to set targets that reflect the realities of their businesses.”
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