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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/12/women-on-boards-quotas-unlikely.jpg"><img class="alignnone size-full" title="Lord Davies of Abersoch signalled that he is unlikely to recommend fixed quotas for female directors" src="http://londonglossy.com/wp-content/uploads/2010/12/min-women-on-boards-quotas-unlikely.jpg" alt="Lord Davies of Abersoch signalled that he is unlikely to recommend fixed quotas for female directors"/></a></p>
<p>The former bank chief charged by the Government with getting more women serving on company boards has signalled that he is unlikely to recommend fixed quotas for female directors.</p>
<p>Lord Davies of Abersoch, the former trade minister and ex-chief executive of Standard Chartered, said that while he had not ruled out quotas, he was &#8220;not convinced&#8221; that they represented the best way forward.</p>
<p>Instead, he suggested that opening up the recruitment process for senior appointments, making it more transparent, could be a better option.</p>
<p>Lord Davies is due to deliver his final report to Business Secretary Vince Cable in February.</p>
<p>Writing on The Guardian website&#8217;s Comment is Free section, he said: &#8220;Quotas have proved successful in some countries but many of the women I have spoken with are against these. I have not ruled them out as a recommendation but at the moment I am not convinced that they are the right method to encourage progress.</p>
<p>&#8220;Female executives need to be recognised for the talent and skills that they possess. I know there is a multitude of women ready for board appointments, but from the conversations I have had it seems the root of the problem may be accessing this pool of talent.&#8221;</p>
<p>Lord Davies dismissed suggestions by &#8220;some old-fashioned chairmen&#8221; that there was a lack of female executives capable of taking on top-level boardroom appointments.</p>
<p>He said that among the proposals his review group had considered were increasing the transparency of appointments through nominations committees, a code of best practice for head-hunters, and the creation of an academy for female executives.</p>
<p>&#8220;There needs to be more pressure on companies to open up their recruitment process and to bring women up the ranks from within the business,&#8221; he said.</p>
<p>&#8220;Companies could be required to provide board internships to give senior staff the experience of what it means to be on a board.&#8221;</p>
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