Minister calls for women on boards

By Louise Armitstead 530AM GMT 09 March 2010

Lord Davies, the apportion for trade, investment and small businesses, has created a minute to Christopher Hogg, the authority of the FRC, job for him to embody a "new principle" of boardroom farrago in the UK Corporate Governance Code for listed companies.

The minister, whose minute constituted the Government"s acquiescence to the new code, called for the new element to need companies to insist the series of women on their boards; to clear how their "diversity reflects the needs of the business"; and to list the "company"s policies for achieving larger farrago in boardroom".

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The minute coincides with a inform commissioned by the Government Equalities Office for International Women"s Day that likely that at the stream rate of swell it could take 60 years for women to good next to illustration on the play of the tip 100 companies.

Despite women carrying the same preparation and primary experience, usually one in ten FTSE house directors are women, and twenty-five firms have no women on them at all.

Lord Davies, who stopped short of job for a mandatory share of women directors, pronounced "Company play good severely from the grant women members bring. Companies who destroy to learn the flourishing mercantile energy of women and rely on old-fashioned commercial operation models are blank poignant commercial operation opportunities. The days of masculine mastery of commercial operation are prolonged over."