Wednesday 14 November 2012
IMA WELCOMES MOVE AWAY FROM QUOTAS FOR WOMEN ON BOARDS
Commenting on the European Commission’s proposals for a 40% objective to improve female representation on company boards, Liz Murrall, IMA Director of Corporate Governance and Reporting said:
“It is sensible that today’s proposals no longer recommend implementing quotas. Board appointments should be on merit and not to fill quotas.
“A board must be the best fit for the company and a diverse board is more likely to be more challenging and open to new ideas, but diversity goes further than gender in that boards need a mix of skills and experience and at times nationalities.”
For further information please contact:
Mona Patel, Head of Communications
020 7831 0898 or 07834 089332
Navdeep Sidhu, Press Officer
020 7831 0898 or 07843 517618
Christina Bridge, Press Assistant
020 7831 0898
About the Investment Management Association
- The IMA is the trade body for the UK's £4.2 trillion asset management industry (retail and institutional) which is one of the world's leading investment management centres.
- Our role is to support and promote a commercially successful and growing UK investment management industry as we seek to improve financial outcomes for customers – savers and investors.
- The money our members manage is in a wide variety of investment vehicles including authorised investment funds, pension funds and stocks and shares ISAs.