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Report urges FTSE-listed firms to increase boardroom gender equality

Report urges FTSE-listed firms to increase boardroom gender equality

Large British companies looking to avoid grievance cases on the grounds of sex discrimination may wish to heed the advice of a new government report.

According to Lord Davies of Abersoch, who headed up the Conservative-Liberal Democrat alliance's study entitled Women on Boards, firms listed on the FTSE 100 stock exchange should include a female board representation of at least 25 per cent by 2015.

The independent review, which was aimed at improving gender equality in high-level management positions, stated that such organisations should be setting themselves targets for 2013 and 2015 in order to make sure that a greater volume of "talented and gifted women" can obtain top jobs.

Lord Davies commented that despite the effects of legislation such as the Equal Pay Act and flexible working, "there is still a long way to go" before complete equality is achieved.

This comes after the British Chambers of Commerce warned the government that the implementation of its new employment laws could cost businesses in the UK more than £22 billion in the next four years.

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Posted by Cheryl Bennett