Oral Answers to Questions

Jake Berry Excerpts

Thursday 14th July 2011 Commons Chamber

[Mr Prisk]

My Department and, of course, the Department for Culture, Media and Sport will want to look at this together. I am aware of the proposal, as the hon. Gentleman knows, and I will look at it on that basis.

[Jake Berry (Rossendale and Darwen) (Con)]

On Tuesday, LVMH, which produces perhaps some of the Minister’s favourite luxury brands of Louis Vuitton and Moët Hennessy, signed the “woman on the board pledge for Europe”. Will the Minister update us on what steps he will take to encourage British business to sign this pledge, and does he agree that increasing the representation of women on British boards is a matter of necessity, not luxury?

[Mr Davey]

I strongly support the sentiments behind my hon. Friend’s question. He will know that the report of Lord Mervyn Davies encourages chairmen and chief executives to publish their aspirations and to have a strategy for their aspirations to have more women on boards. When we consult on the future of narrative reporting, we want to consult on the proposal to make the top FTSE 350 companies disclose their performance, including on women on boards.