The Quoted Companies Alliance Corporate Governance Committee has advised on our response to the European Commission consultation on gender imbalance in corporate boards in the EU, which seeks views on the positive and negative aspects of quotas for women on boards.
We explained that good corporate governance should be created by the companies and by investors promoting their requirements, leading to any issues being effectively addressed, and not through formal regulation by financial authorities. As such, we did not support the proposals for quotas.
