Investment Association hails Government initiative to boost female boardroom presence
Commenting on the launch of the Hampton-Alexander Review, Andrew Ninian, Director of Corporate Governance and Engagement, said:
"Improving female representation in British business, both in senior leadership positions and on company boards is important to benefit company performance, investor returns and the UK Economy as a whole.
"The Investment Association welcomes the new targets set by the Hampton-Alexander Review, to achieve 33% female representation on FTSE 350 boards by 2020 and to improve female representation in senior leadership positions.
"As significant investors in UK companies, the Investment Association continues to believe that the voluntary and market-led approach is the best means of delivering the required change, and companies need to build on the significant progress made in recent years under the Davies review.
"To deliver the change required will be challenging and investors recognise that they have an important role to encourage, support and challenge companies to achieve the targets set by Hampton-Alexander Review."
