PwC comments on Women on Boards Davies Review

Published at 09:50 AM on 29 October 2015

Sarah Churchman, head of diversity at PwC, said:

"Lord Davies' recommended business-led approach has delivered results and differentiated us from those parts of Europe where quotas continue to be used to create change.

"We might have reached the 25% target for boards, but we must now focus our efforts where they matter most - at the executive level. This is where women and diverse leadership teams can make a tangible difference to the culture and management of a business.

"We believe those organisations that really understand the drivers of value will set their own targets for executive level diversity. Transparent targets create accountability which in turn generate action - and action is now needed at the executive level and below.

"At PwC we require our business leaders to set gender and ethnicity targets for the next five years, and measure their progress against these. In possession of the right facts, businesses can really understand whether opportunities are equal across its workforce and pinpoint any areas where action is needed.

"As well as a focus on gender diversity, we would encourage the Government to consider similar action to improve ethnic diversity."


ENDS


1. For more information, or to speak to Sarah, please contact Amy Tiernan - PwC media relations, 020 7804 0556 or [email protected]


2. You can access the full report here: http://bit.ly/1P7aCqB


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