(8 years, 11 months ago)
Lords ChamberMy Lords, I am sorry, but I disagree with the way in which the noble Baroness represents what happened in October. This House withheld its approval from that statutory instrument and issued a set of demands: it overruled the House of Commons. It did not ask the House of Commons to think again; it overruled a decision that the other House had already considered and decided.
My Lords, I believe that in addition to the review of the noble Lord, Lord Strathclyde, there are one or two other bodies working on reform proposals for this House, including one in which the noble Baroness has some involvement. How are the other groups intended to liaise with the research of the noble Lord, Lord Strathclyde?
My noble friend Lord Strathclyde is focusing only on secondary legislation, as I have already described. The other groups to which my noble friend refers are looking at other, separate, matters.
(11 years, 8 months ago)
Lords ChamberAs the noble Lord knows, the Government very much welcomed the reasoned opinion put forward from this House and the other place. Sadly, I am told that not enough member state Parliaments issued a reasoned opinion for that to be successful in raising what is termed a red card or yellow card in Brussels—I am not sure. As far as we are concerned, we are still actively working with other EU members to make sure that whatever arrives finally from the European Commission supports our own approach to this issue.
My Lords, I believe sincerely that there is a general wish and support for more suitably qualified women on boards. Yet surely the role of directors is to oversee the running of a business and that needs people with the appropriate skills. To the extent that they are representative, they are representative of shareholders and not really in a quantitative context of the nation at large.
Okay. I say to my noble friend that we need more women on boards because half the people who spend money in the economy are women, as are half the people who have pensions that are part of the investment into those companies that enjoy that benefit. We just bring so much more that I find it astonishing that he does not feel the same way.