The number of women being hired as non-executive directors to FTSE 100 companies is running at nearly double the rate it was before the Davies report, which threatened the introduction of fixed quotas.
Over the past six months, 23 per cent of all new non-executive board appointments have been filled by women, compared with just under 10 per cent for all of 2010, and the number of companies with no women on the board has fallen from 21 to 17. (Boards double number of women members, The Independent, 5/29/2011)
It looks like the possibility of legal mandates does have an impact, at least in the UK, and that quick action by boards may avoid legislation.
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