Oral Answers to Questions

Debate between Baroness Morgan of Cotes and Craig Tracey

Thursday 2nd July 2015 Commons Chamber

[Nicky Morgan]

The hon. Lady is absolutely right: there is a lack of diversity, and not just in higher education institutions; unfortunately, we see that in other parts of our society, too. Higher education is not within the Department for Education’s remit, but I would be very happy to talk to the Minister responsible for higher education. The hon. Lady is also absolutely right to identify the importance of role models. I am sure she will join me in recognising that in the recent Queen’s birthday honours list more than 51% of the recipients of honours were women.

[Craig Tracey (North Warwickshire) (Con)]

23. What steps the Government are taking to ensure more women are appointed to boards and to help them progress in their chosen career.

[The Secretary of State for Education (Nicky Morgan)]

The Government have been supporting Lord Davies to achieve the 25% target of women on boards of FTSE 100 companies by this year. We are improving transparency and providing more support to businesses, such as through the Women’s Business Council, within and outside the corporate sector, to help them to build their talent pipeline and to utilise and develop all the talents in their female workforce.

[Craig Tracey]

It is great news that the Institute of Directors has appointed its first female chair in its 112-year history, but the fact remains that women still make up only about 20% of the membership of boards. Does my right hon. Friend agree that one of the key ways to redress the balance is by encouraging and inspiring more female executives?

[Nicky Morgan]

I entirely agree. The latest published figures showed that 23.5% of FTSE 100 board appointments were female, but my hon. Friend is absolutely right to say that that relates particularly to progress made on non-executive directors, not on the executive pipeline. It is important to work with executive search firms, which is why in the previous Parliament the Government worked with them to develop their voluntary code of conduct. That has brought about real cultural change, but of course there is much more to do.