by Daniel Mather for CFO World, May 2011.
CBI rejects calls for quotas
The Financial Reporting Council (FRC) opened up a consultation on the issue of boardroom diversity on Thursday and the Confederation of British Industry (CBI) has already made the case against a quota system.
The CBI said it is keen to see more women on boards of top firms but backed a “comply or explain” approach to encourage an adjustment process.
Issues being consulted on by the FRC are centred around the prospect of changes to the UK Corporate Governance Code to oblige listed companies to publish their gender diversity policies and report on the subject on an annual basis. (continue reading… )