UK: gender equality on listed company boards - the CBI position

The Confederation of British Industry has published its submission to the review being conducted by Lord Davies on promoting gender equality on listed company boards: see here (pdf). The CBI rejects the introduction of gender quotas, preferring instead a requirement that listed companies report on diversity on a 'comply or explain' basis, identifying their progress against internally set targets that are appropriate to their current gender diversity position, culture and sector and, where targets are not met, the action being taken.