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February 23, 2011

Women urged to break through glass ceiling

A ‘radical change’ is necessary to ensure more
women working in the UK make it into top jobs, according to an
inquiry into male dominance in the boardroom.

In a report, Women on Boards, Lord
Davis has recommended the UK Financial Reporting Council (FRC)
amends the UK corporate governance code to ensure listed companies
establish policy to create more diversity in the boardroom. Davis
said the amended governance code should include
measurable objectives for implementing the policy including a
summary of the policy and progress made in achieving the objectives
annually.

The FRC has said it will review the
suggestions and consult on whether to make further changes to the
existing code.

The Institute of Chartered Accountants for
England and Wales (ICAEW) is also launching a nine-month programme
to help and support women aiming for senior management roles in
finance.

The ICAEW said the programme will focus on
developing leadership style through a blend of workshops, peer
learning groups and one-to-one mentoring sessions.

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