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Full Debate: Read Full DebateMatt Western
Main Page: Matt Western (Labour - Warwick and Leamington)Department Debates - View all Matt Western's debates with the Department for International Trade
(6 years, 5 months ago)
Commons ChamberI thank my hon. Friend, who has taken a long interest in diversity matters. Indeed, he is meeting the Under-Secretary of State for Business, Energy and Industrial Strategy, my hon. Friend the Member for Burton (Andrew Griffiths), this afternoon to discuss this topic. The Government-backed Women’s Business Council’s recent toolkit, “Men As Change Agents”, calls on FTSE 350 chief executive officers to embrace three asks to deliver the required pace of progress, including sponsoring women from within their organisation with the potential to secure an executive role within three years. My hon. Friend is keen to be an agent of change, and I welcome his support and that of other male colleagues in driving the progress that we all want to see.
I understand that 7% of FTSE 100 companies have women chief executive officers. By contrast, the figure for businesses in Latvia is something like 47%. What can we learn from Latvia?
Of course we are always willing to look at what is happening internationally. The hon. Gentleman will know that the plans in the Hampton-Alexander review are ambitious. For example, they require businesses, before 2020, to recruit women for one in two senior roles that now exist if business is to meet that goal. If it does not, the Hampton-Alexander review panel will look at what more should be done to encourage business to do so.