AN OVERWHELMING majority of City women oppose quotas to encourage greater female representation on company boards, with most saying they are not the answer.
A survey from recruitment agency Randstad found that 94 per cent of professional women interviewed oppose EU plans to introduce gender quotas.
The research claimed that three in four of the high-powered women surveyed put “self-doubt” as the major reason why women are under-represented in the boardroom. The survey shows an opposition to European Commission vice-president Viviane Reding’s plans for a quota of 40 per cent of women on boards.
Wolseley yesterday followed the recent lead of Hobbs and Ryanair with a new female board member.
The plumbing and builders merchant signed up Pilar Lopez, the chief financial officer of Telefonica Europe, as a non-executive director. Chairman Gareth Davis said she brings a “great deal of corporate and financial experience, having worked in a range of senior roles” at Telefonica and JP Morgan.