Women In The Boardroom: David Cameron Attacks 'Male-Dominated' Business Culture

PA/Huffington Post UK   First Posted: 09/02/2012 05:07 GMT Updated: 09/02/2012 07:17 GMT

The lack of women in Britain's boardrooms is holding back the country's economic recovery, David Cameron has warned.

The prime minister said there was clear evidence to signal that ending Britain's male-dominated business culture would improve economic performance.

He pledged to learn lessons from Nordic and Baltic countries as he joined eight of their leaders for a summit in the Swedish capital, Stockholm.

However, his words may ring hollow with many women following a series of questionable recent incidents befalling both Cameron and his party.

In April last year, the prime minister was branded "sexist, insulting and patronising" by the Labour party, after repeatedly telling shadow chief secretary to the Treasury Angela Eagle to “calm down, dear” during Prime Minister’s Questions.

In May the Justice Secretary Ken Clarke infuriated men and women alike by distinguishing between “serious” and “proper” rape during an appearance on BBC Radio 5 Live.

In perhaps the most damning indictment of the Tories disconnect with the female vote, Number 10 published a memo in August that admitted: “There are a range of policies we have pursued as a government which are seen as having hit women, or their interests, disproportionately”.

Cameron’s comments came as he joined leaders from the Nordic and Baltic countries for a summit in Stockholm.

Securing promotion for women and encouraging female entrepreneurs is one of the two central themes of the Northern Future Forum.

The annual gathering, launched by the UK last year in London, brings together governments from the nine countries with experts to discuss shared issues.

This year, the leaders will also discuss how to ensure workers can continue in employment until a later age amid fears over the rising cost of pensions.

Cameron said: "The drive for more women in business is not simply about equal opportunity, it's about effectiveness.

"It's about quality, not just equality. That's why one of the things we'll be discussing in Sweden is what other countries are doing to help women become entrepreneurs and take up leading positions in business.

"Women now make up nearly half the workforce across Europe and the majority of university degrees. But they are still not sufficiently represented at the senior boardroom level.

"The evidence is that there is a positive link between women in leadership and business performance, so if we fail to unlock the potential of women in the labour market, we're not only failing those individuals, we're failing our whole economy.

"We're already helping women to set up and grow their own business in the UK. But the Nordic and Baltic countries are leading the way in Europe, with female representation on boards far above the EU average.

"So I want to get ideas in Stockholm that we can take back to London to explore if they could help us get more women into British boardrooms, boosting profits and contributing to the economic growth we all urgently need".

At present, just 15% of FTSE 100 directors are women.

A Government-commissioned report last year said quotas should be imposed unless top firms acted to increase the number of women on their boards to at least one in four by 2015.

Former business minister Lord Davies also said firms should be forced to reveal the number of women shortlisted for each vacancy as part of the process to force change - a move being adopted by the Government.

In the last year, 27% of board-level appointments at FTSE 100 companies have gone to female applicants, but one in ten of Britain's biggest firms still have all-male boards.

A book published by two Tory MPs - including Matthew Hancock, a close ally of Chancellor George Osborne - called for a 30% target backed by state-imposed sanctions if progress was not made quickly.

Norway, one of the countries attending the Nordic-Baltic summit, has a 40% minimum quota for all listed companies and Iceland sets the same proportion for publicly-owned institutions.

Home Secretary Theresa May, in her role as minister for women and equalities, struck a cautious note about direct Government action when she was quizzed on the issue in the House of Commons recently.

"The best way to get change is to do it in a way which isn't imposing a quota on a company but is encouraging people to recognise the talents within those companies," she told MPs.

"Progress is being made as a result of Lord Davies' report. We continue to monitor this and will continue to work with companies to encourage them to use the talent within them."

The UK is among the worst performing when it comes to female representation at the top of business among those at the summit - which also include Denmark, Estonia, Finland, Latvia, Lithuania, and the hosts Sweden.

Cameron will join fellow leaders in open discussions with experts at the event - which takes a less formal approach than other such international meetings and will end with a joint press conference.

In an joint article ahead of the event, they said the twin issues were rarely discussed in top-level political talks despite being "crucial for the growth and competitiveness Europe so desperately needs."

Among the all-female team of experts from outside government recruited by Cameron for the talks is Helena Morrissey, chief Executive Officer of Newton Investment Management Ltd, who is spearheading the "30% Club" initiative in to get 30% women on UK company boards by 2015.

The others are Julia Hobsbawm, who runs the corporate networking company Editorial Intelligence and Joanna Shields, vice president and managing director of Facebook Europe, Middle East and Africa.

Business Minister David Willetts and David Halpern, director of Downing Street's "Behavioural Insight Team" are also attending.

Unison general secretary Dave Prentis said: "These warm words won't fool women - they know that under this Tory-led government life for many working women is getting worse.

"The unemployment figures don't lie - they expose how hard women are being hit by heavy public sector job losses, and the lack of private sector job growth.

"Tory cuts are also depriving women of the low-cost childcare they rely on to stay in work. Across the country, Sure Start centres are closing, even though the Tories promised at the election to protect them."

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16:13 on 09/02/2012
Public school dominated..more like
Wake up England
15:58 on 09/02/2012
Not enough real people in goverment.
15:18 on 09/02/2012
Is cameron also going to encourage more males into the female dominated NHS with its silly gender based job titles such as 'sister' etc ? Equality works both ways mr cameron !
15:09 on 09/02/2012
I should think so too!!!! But they must also have knowledge and of course be a gr8 all rounder in life`s skills! As I`m a believer of fairness and equality, also transparency, as corruption, collusion, bullying etc etc is truly bad!
14:54 on 09/02/2012
Claude Raven has put it quiet perfectly. What happened to Blair's babes? Estelle Morris admitted that she could not do the education secretary's job and resigned. Jacqui Smith admitted that home secretary was beyond her. Anne Widdicombe (Tory) did not have the looks and was not interested in sex (no NoW scandals then). The rest of the babes did nothing.
16:46 on 09/02/2012
I used to call them Blair's Bags.
14:49 on 09/02/2012
pity about the lack of women in his government.
majdf18148
I have nothing to declare but my curiosity
14:43 on 09/02/2012
Board rooms don't need more women. Statements like these are not helpful to women. We need the best people in the board rooms regardless of gender; to say otherwise is irrational and smacks of so called positive discrimination which is a misnomer in itself. I once worked directly to a CEO who is a woman. She was (is) highly intelligent, decisive, a brilliant people person, inspiring, an outstanding leader AND she was attractive, feminine, not thin skinned, able to joke and not be caught up in the PC trap, in short she was brilliant.She got the job by beating several men in open competition, she was there because she was the best and that's how it must be. No ifs no buts. If the top candidates are all men so be it men will get the job, if they are all women likewise, if they are a mixture the BEST people must get the jobs without any hint of gender playing a part. End of !
16:35 on 09/02/2012
Coluldn't agree more. No one should be promoted simply on the basis of their gender, or race for that matter. It's patronising PC nonsense and I'm sorry to see Cameron jumping on the equality/diversity bandwagon (no doubt to appease the LibDems) when there are far more pressing matters that need his attention.
14:30 on 09/02/2012
Promotions should only ever be on merit and never on quotas based on race, religion or gender.
We do not need Cameron's cutioes or Blair's babes - just succesful women and members of minorities who excel at what they do
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photo
14:03 on 09/02/2012
Looks like he,s appealing to more than women...

http://www.dailymail.co.uk/new...
13:45 on 09/02/2012
So how many women are there in the cabinet? The Conservative party is funded by the banks and it is the mouthpiece of big business and Cameron has shown no political will in changing things other than cheap rhetoric. The Coalition policies could be seen as a direct attack on women and not just in terms of the cuts, to charge mothers a slice of the money claimed from fathers who refuse to pay CSA would be considered shameful in any civilised society.
13:40 on 09/02/2012
Oh PLEASE!!!!!!!!!!!!
13:28 on 09/02/2012
One thing for sure - Cameron's wife is much more successful in her business than Cameron is in politics.
Southern law girl
Researching my viewpoint....
14:15 on 09/02/2012
Smythsons handbags of Bond Street. Is this her own business, or is she an employee? I think she is the artistic director of this long established firm, and I believe she has worked part time since her husband became PM and had her baby.
Think Mr Cameron is pandering to women voters, should forget all that and get on with matters of Government.
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katertaif
My wife thinks I have one fault. Everything I do!
13:21 on 09/02/2012
They will come up with something yet, to explain why the country is going down the pan. Anything except the right one that is. We do not need more women in parliament, or in the boardroom, or anywhere else, we need the best people for the job. If that means parliament consists of 654 women, that is fine by me, equally if every director in the country was a woman, that would also be fine by me, as long as they were the best people for the job, and of course paid accordingly. To create artificial shortlists for MP's to increase the percentage of women or ethnic members, is I think insulting to women and ethnics, it is effectively saying they will be given preference for what they are, not for their ability. Equally to say the country needs more women directors, is wrong and insulting. It could actually prevent the best people from getting the job, and is not progress. You will never get the balance right anyway. You may cause a lot of damage trying.
12:52 on 09/02/2012
Oh for goodness sake. Of course there aren't many women running FTSE 100 companies for the simple reason that it is impossible to do so AND be a good mother.

Cameron should stop trying to prove how liberal he is - he may succeed in impressing the small group of people who are obsessed with this issue, but the rest of us just want him to address the issues that matter.
13:50 on 09/02/2012
So it's OK to be a bad father and run a FTSE 100 company?
22:23 on 09/02/2012
No.